6758 W Park Ave, Saint Louis, MO 63139

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6758 W Park Ave Saint Louis, MO 63139

3 beds2 baths2,179 sqft

Sold: $110,000
Sold on 10/07/14
Zestimate®: $142,606
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My Notes

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Motivated seller, price reduction, home warranty offered, and 100% occupancy makes this a great investment property!! This two-family flat built in 1905 that stands on a very large double lot. It's structurally sound with plumbing, electricity, and sewer main that been upgraded by current owner in the last 10 years. Roof is 15 years old. Siding shows signs of wear and will eventually have to be replaced by buyer. Public electricity, gas, water, and sewer. Location has asphalt street, curb/gutter, sidewalk, street lights, rear paved alley. Both units have a consistent rental history and have been well maintained.
The first floor unit is 2BR and 1BA with central air conditioning, thermostat shared with the heating system. The second bedroom is small with a separate gas-fired furnace vented to the roof that has not been used in several years; it's cooled via a window air conditioning unit. It rents for 700/month; the current tenant has been there for 8 years and pays month to month.
The second floor unit is 1BR and 1BA with a bonus room/office, is heated with a gravity flow furnace and cooled with window air conditioning units. The most recent tenant moved out on April 1 after a four year stay. He was paying 675/month; the current owners made cosmetic improvements and new tenant is moving in mid-August paying $795/month. The photos attached are of the second floor unit.
The current owners have permanently relocated out of state and are no longer interested in long-distance residential investment properties in their portfolio, and they are ready to sell. Property survey is available as is a feasibility study for building on the side lot. Current insurance is $1714/year and property taxes are $1250/year; 9.38% Cap Rate and gross rent multiplier of 87: the numbers add up to make this an excellent investment property in a desirable neighborhood.
Please email or call or get more information and set up a time for viewing. Do not disturb first floor tenant.
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Facts

  • Lot: 4,748 sqft
  • Multi Family
  • Built in 1905
  • Cooling: Central, Other
  • Heating: Forced air
  • Last sold: Oct 2014 for $110,000
  • Price/sqft: $50

Features

  • Fenced Yard
  • Lawn
  • Parking: Off street

Appliances Included

  • Microwave
  • Range / Oven
  • Refrigerator

Construction

  • Exterior material: Wood
  • Roof type: Other
  • # Stories: 2.0
  • Structure type: Other
  • Unit count: 2

Other

  • Floor size: 2,179 sqft
  • Last remodel year: 2004
  • Lot width: 60
  • Parcel #: 56060000300
  • Zillow Home ID: 3009216

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

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$142,606
-$809 Last 30 days
$135K
$153K
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
$1,013/mo
+$20 Last 30 days
$739
$1.7K
Zestimate range

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Zillow predicts St. Louis Metro home values will rise 2% next year.

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    Nearby Schools in Saint Louis

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