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

13,216 sqft
4156 Folsom Avenue, St Louis, MO 63110 SOLD
13,216 sqft
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Selling Price: $1,075,000
Original List Price: $1,295,000
Sold at 83.0% of list price
Sold Date: 06/05/2023

Type Multi-Family
Total Living Area 13,216 sqft
Lot Size 0.29 acres
Year Built 1957
Assoc Fee Paid None
Taxes Paid $2,801

City St Louis
Area South City
County St Louis City
Subdivision Dundee Add

MLS 22068561
Status Closed
DOM 152 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. 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.

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
Water Public
Lot Dimensions 150' x 128' ft

Community and Schools

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
03/31/2023 Price Adjustment $1,075,000 16.99%
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
Photo of Stacey Ritter, GREEN
Direct: 618-741-6053
1012 Plummer Drive Suite 301
Edwardsville, IL 62025
Listed by Invest St. Louis, Jordan Schoen
Sold by Invest St. Louis, Jordan Schoen
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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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