Sold

4156 Folsom Avenue

St Louis MO, 63110

Price upon request


Sold

13,216 sqft

Commercial

Built in 1957

Rare opportunity to purchase under-rented 10 and 8 unit multi-family buildings next door to each other in the Botanical Heights neighborhood. 18 total units across 3 buildings. 15 of 18 units are occupied, with current rents below market. 11 units have been updated with 1 in process which will be completed prior to closing. There is the potential to add value and raise rents significantly in the future both as-is and with additional updates. Updated apartments are now leasing for $725, this would yield $13,050 of gross rental income a month, $156,600 annually based on all tenants as $725. Rent comps for similar size apartments range from $750-$1,350 depending on amenities and updates. Located in close proximity to Forest Park, Washington University School Of Medicine, St. Louis University, University Of Health Science And Pharmacy In St. Louis, Botanical Gardens and Tower Grove Park. Addresses are 4156 Folsom (10 units) and 4164 Folsom 63110 (8 units). Price Reduced $100,000.

22068561

MLS ID

October 27, 2022

Listed

May 9, 2024

Updated

Map

4156 Folsom Avenue
St Louis MO, 63110

Interior Features

Laundry Description

Coin Operated, Common Laundry


Fireplace

No


Cooling

Yes


Cooling Description

Window Unit(s)


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.29 Acres


Sewer

Public Sewer

School Information

School District

St. Louis City


High School

Vashon High


Elementary School

Adams Elem.

Other Property Details

Area Name

South City


Taxes

$2,801


Tax Frequency

Annually


Days on Market

152


Garage

No


Parking

On Street, Other, Unpaved


View

No


County

St Louis City


Municipality

St. Louis City


Water Source

Public


Pool

No


Buyer Agency Compensation

2%

Courtesy of Invest St. Louis, Jordan Schoen

Listings displaying the MARIS logo are courtesy of the participants of MO - Mid America Regional Information Systems (MARIS) Internet Data Exchange. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Suzie Wells shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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