3618 Pennsylvania Ave
St Louis, MO 63118

Description

Built in 1912, this charming brick 2,522 sf duplex is close to Soulard, Benton Park, Cherokee, and Tower Grove South. The spacious 3-bed units have warm hardwood floors with unique ceramic tile in the bathroom, and parquet laminate flooring in the kitchen. Kitchens have incredible cabinet space and sliding glass door to the deck. Woodwork is in excellent shape, including a stunning coffered ceiling. Individual washer/dryer hookups. Tenants pay electric/gas. Owner pays sewer, water, and trash. Downstairs tenant receives Section 8 assistance; rents under market rate. Central air Forced gas heat Individually metered utilities Updated stacks/electric panels Newer roof, gutters, condenser units Water heaters and 2F furnace = 10-12 years 1F furnace new Oct. 2018. Actual income + proforma expenses/10% mngt. fee = 9.94% cap rate now, 11.41% cap pro forma. Brochure available. 3620 Pennsylvania (duplex next door) had a fire last year and is currently on the LRA website for $3000.

Details

MLS#18067337
Sub-TypeResale
StatusActive
Year1913
Days On Site213

Features

SQ Feet2,522
Units2
Building(s)1

Market Activity 63118

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Area Information

StateMO
CountySt Louis City
CitySt Louis
Zip Code63118
AreaCentral East
Listing VS Median (in 63118)
Price:
$109,000
low | high
Med:
$107,000
51.834862385321% of Average
SqFt:
2,522
low | high
Med:
1,986
71.252973830293% of Average
$ / SqFt:
$43
low | high
Med:
$57
17.430384373263% of Average
On Site:
213
low | high
Med:
117
100% of Average
Listing Updated: 03/20/2019
MLS Number: 18067337
Listing Provided By:
Tammy Derrigan  of  Realty Exchange