4220 Dewey Ave, Saint Louis, MO 63116

Studio-- baths3,536 sqft

For Sale
$132,500
Zestimate®: $102,174
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My Notes

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Opportunity to own a fully rented turn-key 4 family that underwent a 2010 full renovation. The renovation included new electric, plumbing, flooring, windows, rubber roof, decks, dishwashers, stoves, and fridges. In addition there are new cabinets, toilets, sinks, tile back splashes and showers. There are two separated walk out basements with washer/dryer hook ups and lots of room for storage. Renovation included new water service, front and rear doors, kitchens are all wired for over the range microwaves. New concrete was added all around and front stairs 2012. There are also 4 parking spots for off street parking in the rear of the building. Rents for the building are $520, $495, $485, $495 for a total monthly collection of $1,995.00, generates $23,940.00 gross rent annually. Return on investment after fixed expenses is 15%. Current management can stay in place if buyer is interested. This one won't last!  More Less 

Facts

  • Lot: 5,009 sqft
  • Multi Family
  • Built in 1915
  • 4 days on Zillow
  • Views: 519 all time views
  • 3 shoppers saved this home
  • Cooling: Central
  • Heating: Forced air
  • Last sold: Feb 2014
  • MLS #: 15042460

Additional Features

  • Building Desc: Ext Ent
  • Construction: Stone Msn Pred
  • Fixed Expenses: Insurance
  • Fixed Expenses: Taxes
  • Parking Description: On Street Parking
  • Sewer: Public
  • Status: Active
  • Water: Public
  • Parking Description: Off Street
  • Type of Units: 4-Family
  • Tenant Pays: Electric
  • Tenant Pays: Gas
  • Fixed Expenses: Sewer
  • Fixed Expenses: Trash Removal
  • Fixed Expenses: Water
  • Appliances_Some: Some Disposal(s)
  • Appliances_Some: Some Shower Bath(s)
  • Appliances_Some: Alarm Det
  • Operating Expenses: Fixed Expenses
  • Propane Tank: None
  • Tenancy Type: Leases
  • Appliances_Some: Some Insultd Windows
  • Miscellaneous: Balcony
  • Miscellaneous: Storage Room Avail
  • SPDC: Renovated
  • SPDC: Rehabbed
  • SchoolDistrict: St. Louis City
  • Special Listing Conditions: None

Appliances Included

  • Dishwasher
  • Microwave
  • Range / Oven
  • Refrigerator

Construction

  • Exterior material: Brick
  • Stories: 2
  • Unit count: 4

Other

  • Floor size: 3,536 sqft
  • Heating: Gas
  • Last remodel year: 1914
  • Laundry: Shared
  • Lot width: 40
  • Parcel #: 26440000700
  • Zillow Home ID: 2951973

Zestimate Details

Zestimate
A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

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$102,174
-$351 Last 30 days
$87K
$112K
Zestimate range
Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
$622/mo
+$6 Last 30 days
$460
$1K
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Comparable Homes

Homes like this sold for $87-110K.

$70K
$120K

Popularity on Zillow

76 views since listing
519 all-time (chart)
3 shoppers saved
this home to their list of favorites

Mortgages

Neighborhood: Dutchtown

Zillow predicts Dutchtown home values will decrease 1.5% next year, compared to a 2.7% increase for Saint Louis as a whole. Among Dutchtown homes, this home is 121.9% more expensive than the midpoint (median) home, but is priced 30.2% less per square foot.

Foreclosures will be a factor impacting home values in the next several years. In Dutchtown, the number of foreclosures waiting to be sold is 100.6% higher than in Saint Louis, and 564.8% higher than the national average. This higher local number may prevent Dutchtown home values from rising as quickly as other regions in Saint Louis.

Learn more about forecast calculations or Dutchtown home values.
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Nearby

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    Nearby Schools in Saint Louis

    GreatSchools ratings give an overview of a school's test results. The ratings are based on a comparison of test results for all schools in the state.

    Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

    Data by GreatSchools.org