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$ 189,900
Est. payment /mo
Active
3225 Chippewa ST St Louis, MO 63118
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Elbreders Addition
MLS Listing ID 25038232
Year Built 1917
Acres 0.08
Property Description
Super well maintained all brick 2-story mixed-use building in the heart of the city. You don't want to miss out on this excellent opportunity that's perfect for an Owner/Occupant and/or Investor. You could live on the 2nd floor (in the spacious 2bed 1 bath 1,300sqft unit) & collect the $1,300 a month lease on the Main floor to cover your mortgage. This is also perfect for the savvy Investor that could collect rent from both units ($900/mth2mth & $1,300/main til 12/26) and take advantage of its solid 12.25% cap rate. Please see attached Rental Property Verification. Either way, it's a Win Win! Have a peace of mind w/ the newer systems throughout & the newly renovated Main floor that includes 2 bathrooms, 2 side rooms, an open floor plan & a kitchen hood system. The building has great bones and plenty of lower level storage. There is enclosed parking/yard out back & an oversized patio side walk on the front & side. Come grow & be a part of the Chippewa Business District & community.
Location
State MO
County St Louis City
Area 2 - Central East
Interior
Heating Forced Air, Natural Gas
Cooling Ceiling Fan(s), Central Air, Gas
Flooring Laminate
Fireplace N
Appliance Electric Range, Refrigerator
Laundry 2nd Floor, In Basement
Exterior
Fence Wood
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Building
Water Public
Structure Type Brick,Stone,Vinyl Siding
Others
Ownership Private
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Standard
Listed by Michael Abernathy • MORE, REALTORS