3819 Meramec
St Louis, MO 63116

Description

7 UNIT with commercial tenant at 100% occupancy with plenty of room to raise rents! Restaurant in front, with 6 residential spaces all in one connected building located on the corner of Meremac and Giles in the 63116. Total rents coming in over $3,000/month makes this easy to manage-fully occupied-cash flowing property a wise addition to your portfolio. Roof has been updated in 2018, basement is dry and is used for storage, some units have washers and dryers in the unit itself. and some W/D are in the basement. Electricity has also been updated as well, with most updates happening around 2007- now. Get an SBA loan and run your business in the store front when the lease is up and put around 10-15% down according to Google, but Talk to your lender for info about commercial financing to be sure, if you need a name I can give one to you :-)

Details

MLS#19014147
Sub-TypeResale
StatusActive
Year1925
Days On Site18

Features

SQ Feet8,342
Units2
Building(s)1

Market Activity 63116

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Area Information

StateMO
CountySt Louis City
CitySt Louis
Zip Code63116
AreaSouth City
Listing VS Median (in 63116)
Price:
$250,000
low | high
Med:
$129,900
98.04% of Average
SqFt:
8,342
low | high
Med:
864
100% of Average
$ / SqFt:
$30
low | high
Med:
$150
100% of Average
On Site:
18
low | high
Med:
47
38.297872340426% of Average
Listing Updated: 03/22/2019
MLS Number: 19014147
Listing Provided By:
Rueben Williams  of  Garcia Properties