Multi-Family for Sale: 2225 N 4th Street, St Charles, MO 63301 SOLD
6,440 sqft
$857,500
$857,500
2225 N 4th Street,
St Charles, MO 63301 SOLD
6,440 sqft
$857,500
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Selling Price: $857,500
Original List Price: $850,000
Sold at 100.9% of list price
Sold Date: 08/06/2024
Type Multi-Family
Square Footage 6,440 sqft
Lot Size 0.36 acres
Year Built 1965
Assoc Fee Paid None
Taxes Paid $9,204
City St Charles
Area St. Charles
County St Charles
Subdivision Roosevelt Place Add
MLS 24041522
Status Closed
DOM 9 days
Opportunity to purchase 2 multi-family buildings in St. Charles. These properties have individual tax parcels but are being sold together, totaling 14 units. One building has 8 units, and the other has 6, all featuring 1-bedroom, 1-bathroom layouts. The combined building size is 6,440 square feet, and the total lot size is 0.361 acres. Some units and buildings have been upgraded in recent years. There is great potential to increase rent significantly, both as-is and with additional updates. With modern flooring, lighting, stainless steel appliances, kitchen cabinets, countertops, bathrooms, and in-unit laundry, rent could increase by 20%-35%. With units potentially renting at $995 after updates, the buildings could generate $13,930 per month, or $167,160 annually. There are 26 parking spots for tenants. Note: These properties are located in a flood plain. A virtual tour, rent, and sales comparables are available upon request. The seller will review offers at 5 p.m. on Tuesday, July 9.
Lot & Building Features
Assoc Fee Paid None
Construction Brick
Cooling Wall Unit(s)
Heat Source Electric, Other
Heating Baseboard, Hot Water
Parking Description Parking Lot, Unassigned, Space/Unit - 2+, Space/Unit - 1
Sewer Public Sewer
Tax Year 2023
Water Public
Lot Dimensions 115x140x113x140 ft
Community and Schools
Junior High School Jefferson / Hardin
Senior High School St. Charles High
Price History of 2225 4th Street, St Charles, MO
Date | Name | Price | Difference |
---|---|---|---|
07/01/2024 | Listing Price | $857,500 | N/A |
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed. |
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