Multi-Family for Sale: 4156 Folsom Avenue, St Louis, MO 63110

$1,295,000
$1,295,000
4156 Folsom Avenue, St Louis, MO 63110
$1,295,000
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Walk Score
71
Price:
$1,295,000

Type: Multi-Family
Lot Size: 0.29 acres
Year Built: 1957
Assoc Fee Paid: None

City: St Louis
County: St Louis City
School District: St. Louis City
Subdivision: Dundee Add

MLS: 22068561
Status: Active
DOM: 78 days
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 with total square footage exceeding 13,000 sq ft. 13 of 18 units are occupied, with current rents below market. 7 units have been renovated with 4 in process of renovation which will be completed prior to closing. There is the potential to add value and raise rents significantly in the future - these units rented at market rates would yield $13,050 of gross rental income a month, $156,600 annually based on $725 rents. There are rent comparables for similar size apartments nearby that rent 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).

Lot & Building Features

Assoc Fee Paid: None
Construction: Brick
Cooling: Window Unit(s)
Heat Source: Gas
Heating: Forced Air
Parking Description: On Street, Unpaved, Other
Sewer: Public Sewer
Tax Year: 2021
Taxes Paid: $2,801
Water: Public
Lot Dimensions: 150' x 128' ft

Community and Schools

Elementary School: Adams Elem.
Junior High School: Fanning Middle Community Ed.
Senior High School: Vashon High

Price History of 4156 Folsom Avenue, St Louis, MO

Date Name Price Difference
10/27/2022 Listing Price $1,295,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 4156 Folsom Avenue, St Louis, MO

Location Map Street View Walk Score Bird's Eye
Photo of Stacey Ritter
Stacey Ritter
Realtor
Direct: 618-741-6053
Office
1012 Plummer Drive Suite 301
Edwardsville, IL 62025
618-655-4100
Listed by Invest St. Louis, Jordan Schoen
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Maris

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Invest St. Louis

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