Multi-Family for Sale: 4156 Folsom Avenue, St Louis, MO 63110

4156 Folsom Avenue, St Louis, MO 63110
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$100,000 - 03/31/2023

Type: Multi-Family
Lot Size: 0.29 acres
Year Built: 1957
Assoc Fee Paid: None

City: St Louis
County: St Louis City
School District: St. Louis City
Subdivision: Dundee Add

MLS: 22068561
Status: Pending
DOM: 152 days
Rare opportunity to purchase under-rented 10 and 8 unit multi-family buildings next door to each other in the Botanical Heights neighborhood. 18 total units across 3 buildings. 15 of 18 units are occupied, with current rents below market. 11 units have been updated with 1 in process which will be completed prior to closing. There is the potential to add value and raise rents significantly in the future both as-is and with additional updates. Updated apartments are now leasing for $725, this would yield $13,050 of gross rental income a month, $156,600 annually based on all tenants as $725. Rent comps for similar size apartments range from $750-$1,350 depending on amenities and updates. Located in close proximity to Forest Park, Washington University School Of Medicine, St. Louis University, University Of Health Science And Pharmacy In St. Louis, Botanical Gardens and Tower Grove Park. Addresses are 4156 Folsom (10 units) and 4164 Folsom 63110 (8 units). Price Reduced $100,000.

Lot & Building Features

Assoc Fee Paid: None
Construction: Brick
Cooling: Window Unit(s)
Heat Source: Gas
Heating: Forced Air
Parking Description: On Street, Unpaved, Other
Sewer: Public Sewer
Tax Year: 2021
Taxes Paid: $2,801
Water: Public
Lot Dimensions: 150' x 128' ft

Community and Schools

Elementary School: Adams Elem.
Junior High School: Fanning Middle Community Ed.
Senior High School: Vashon High

Price History of 4156 Folsom Avenue, St Louis, MO

Date Name Price Difference
03/31/2023 Price Adjustment $1,195,000 7.72%
10/27/2022 Listing Price $1,295,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 4156 Folsom Avenue, St Louis, MO

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Photo of Mark & Diana - The Massey Team
Direct: 618-791-9298
1012 Plummer Drive Suite 301
Edwardsville, IL 62025
Listed by Invest St. Louis, Jordan Schoen
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Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Invest St. Louis

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