Property Showcase

5855 WashingtonSaint Louis, MO 63112

$1,195,000
Multi-Family
Status: Contract Pending
  • Sqft:12,000
  • Lot:75*125
  • MLS#: 20000254
38.661201477050781-90.282501220703125
Courtesy Of St. Louis Apartment Experts

Description:

EXTREMELY RARE - Massive, fully occupied gut renovated 12 family blocks from Washington University. Tenants/Owners can walk to Campus, Forest Park, the Loop, the CWE and tons of retail. The Building is half one's and half two's featuring: refinished hardwood floors, large new windows, new lateral/plumbing, electric, kitchens/baths, forced heat, central air, and W/D in unit. A brand new 20+ year-warranty roof was installed a couple months ago, along with brand new steel porches/fire escape. There is gated off street parking, and storage available in the basement. The units are rented to Wash U students but have not seen rent increases in years. There is tons of upside on this one; property runs in place btw 6.5-7% cap and can easily be north of a 10% cap with little effort - you wont find this deal in a 63112 zip code. Add some personal touches, or just cash your rent checks “ this property provides perfect value for someone looking to live & invest in a Class A neighborhood.

Main Features:

Listing Status Contract Pending Year Built 1915
School District Adams Elem. School District2 Blewett Middle
School District3 Beaumont Cte High School School District St. Louis City
County St Louis City Taxes $6,231.00
Tax Year 2019 Rental Price $0
Units 12 Subdivision Washington Heights Add

Additional Features:

Building Features Storage/Locker Area
Building Type Mid-Rise 3or4 Story
Construction Brick/Stone Msn Pred
Contingency Type Subj. to Clos-Buyer
Cooling Ceiling Fan
Central-Electric
Disclosures City
Occupancy Perm Req
Garage Type Other
Parking Lot
Heating Electric
Forced Air
HoaFeesFrequency None
Interior Features Drapes/Blinds
Laundry Prvt Laund all units
Location Corner Location
Ownership Private
Possession At Closing
Rental Type Leases
Sale Includes Building & Land
Sale Terms Cash
Conventional
Other
Sewer Public
Special Conditions Unknown
Special Features Renovated
Special Listing Condition None
Tenant Pays Electric
Transaction Type Sale
Water Public
Waterheater Electric

Extra Features:

Annual Expenses 20722.00 Gross Income 94715.00
Legal Description 5855 Washington Blvd St. Louis, MO 63112 Net Operating Income 73992.00
Possible Buyer Fees YN No Property Type Multi-Family 5+
Tax ID 5515-00-0110-0 Total Acres 0.2150

The data relating to real estate for sale on this site comes in part from the Broker Reciprocity/IDX program of Mid America Regional Information Services (MARIS). Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange. Information From Third Parties, Deemed Reliable But Not Verified. You are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user.
Mid America Regional Information Services (MARIS) does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.
Information deemed reliable but not guaranteed.
Copyright© 2020 Mid America Regional Information Services (MARIS). All Rights Reserved.
Last Updated On: 2/26/2020 9:48:51 PM

5855 Washington, Saint Louis, MO 63112

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The data relating to real estate for sale on this site comes in part from the Broker Reciprocity/IDX program of Mid America Regional Information Services (MARIS). Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange. Information From Third Parties, Deemed Reliable But Not Verified. You are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user.
Mid America Regional Information Services (MARIS) does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.
Information deemed reliable but not guaranteed.
Copyright© 2020 Mid America Regional Information Services (MARIS). All Rights Reserved.
Last Updated On: 2/26/2020 9:48:51 PM

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