Price
$ 524,000

4269 Bates Street, St Louis, MO 63116  
  • 6,120 sqft

4269 Bates Street, St Louis, MO 63116  

Built in 1988, this ten unit apartment building at Bates and Morganford stays leased and won't present the future owner with all of the question marks 100+ year old buildings face. All units are individually metered and have their own central heating and cooling systems. Off street parking in the rear of the building for eight cars. The leases in place allow the Landlord to collect sewer and water - Typically a sunk cost for landlords. Rent range for the apartments are currently $400-$500/mo with the average over the ten units being $470/mo. New owner may be able to drive up rents through cosmetic rehab of each unit when it become available.No vacant units - Must schedule appointments through listing agent and allow at least one day for access. Rent roll is in the attachments, past three years of financials are available upon request.True NOI for 2015 was over $44,000. Hurry, a 10-unit building less than 30 years old won't last long at a 7.5% cap rate!

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Listing Type
Multi-Family
Listing ID
16002132
House Size
6,120
Lot Size
54x155
Listing Status
Active
Year Built
1989
County
St Louis City
Subdivision
Bates Street Terrace Add
County School District
St. Louis City
School District 1
Woerner Elem.
School District 2
Long Middle Community Ed. Center
School District 3
Roosevelt High
Taxes
3963.0
TaxID
6263-00-0180-0
TaxYear
2015
Listing courtesy of Red Brick Realty
Price History
Get price alerts on price change
Date Event Change Price
2/3/2017 Price change $-15,900 (-2.9%) $524,000
6/27/2016 Price change $-44,100 (-7.6%) $539,900
3/8/2016 Price change $-11,000 (-1.8%) $584,000
Houses for Sale Nearby
    Listing Information Provided By:
    RE/MAX SELECT
    174 Clarkson Road, Suite 100 Ellisville, MO 63011 | Phone: (636) 779-8080
    License #: 2010007328
    EACH OFFICE INDEPENDENTLY OWNED AND OPERATED.