4050 Delmar

St Louis, MO 63108
  • $335,000

  • 0

  • 0

  • 5,488


About the Listing INVS01 - JSCHOEN

This 17 unit building built in 1925 is located in the Central West End four blocks from St. Louis University with new construction homes being built on the block. The building has been operated as a weekly or monthly rental that comes fully furnished with utilities provided by the owner. 2017 income was $126,274 with annual expenses $66,535 for a net income of $59,739 a year with a cap rate of 17.8%. Priced under $20,000 per unit. The occupancy rate is usually around around 95%. The building has a boiler that was replaced in 2017, a new roof was also installed in 2017. There is individual electric for all of the units. There is a 3 car attached garage with storage area in the rear of the building. This building could be operated as it is currently or is or could be converted to long term or student housing. The furniture in the units is included in the sale and there are two vacant lots to the west of the building that could also be purchased separately and made into a parking lot.

Listing Highlights for 4050 Delmar

Status Active With Contingency
Days on Site 3
Property Type Multi-Family
MLS ® 18093737
Year Built
Total Square Footage 5,488
Lot/Acreage 0.09
County St Louis City
Neighborhood Delmar Ave Add
School District St. Louis City
Elementary School Pamoja Prep / Cole
Middle School Pamoja Prep / Cole
High School Sumner High

Interior Details

  • Bedrooms: 0
  • Bathrooms: 0 Full
  • Appliances:
  • Air Cond: Window Unit(s)
  • Heating: Gas,Forced Air,Hot Water/Steam
  • Fireplaces:
  • Floor:
  • Basement:
  • Other:
  • Water: Public

Exterior Details

  • Garage Capacity: N/A
  • Lot Dimensions: 143x29
  • Roof:
  • Others: Brick/Stone Msn Pred
  • Sewer: Public
  • Above Ground Sq Ft:
  • Below Ground Sq Ft:
  • Parking Features: On Street Parking

Financial Details

  • Tax Amount: $4,787
  • Taxes w/Assessments: N/A
  • Tax/Property ID: N/A
  • Tax Year: 2018

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Listing Location

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4050 Delmar St Louis, MO 63108

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Listing Courtesy of Jordan Schoen, Invest St. Louis


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