Multi-Family for Sale: 2931 Lemp Avenue, St Louis, MO 63118 SOLD
4,968 sqft
$562,500
$562,500
2931 Lemp Avenue,
St Louis, MO 63118 SOLD
4,968 sqft
$562,500
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Selling Price: $562,500
Original List Price: $589,900
Sold at 95.4% of list price
Sold Date: 12/15/2021
Type Multi-Family
Total Living Area 4,968 sqft
Lot Size 0.07 acres
Year Built 1890
Assoc Fee Paid None
Taxes Paid $3,807
City St Louis
Area Central East
County St Louis City
Subdivision Lanes Add
MLS 21072294
Status Closed
DOM 69 days
This gorgeous brick and stone building in Benton Park includes 6 residential units, 4 of which are currently being used as Airbnb units! The occupancy rate is 95% for October 2021, 88.8% for the last 365 days. The next 30 days is 90.2%. 2 of the units are long term renters ending in January and May 2022. This is an amazing opportunity with a gross income in 2020 of $66k+ and net income of $38k+. Financials are available upon request. All units come fully stocked and furnished, including all appliances. Electronic key pads on exterior door and interior unit doors make booking new tenants a breeze! Located just 60 seconds from Highway 55 and just across the highway from the famed Anheuser Busch Brewery, makes this the perfect Airbnb destination for traveling nurses and other guests. Showings will have to be scheduled in between occupancy dates. Every unit has been totally renovated! Buy this building as an investor OR owner occupied. Either way this is an incredible opportunity!
Lot & Building Features
Assoc Fee Paid None
Construction Brick
Cooling Ceiling Fan(s), Electric
Heat Source Gas
Heating Forced Air
Parking Description Parking Lot, Space/Unit - 1
Sewer Public Sewer
Tax Year 2020
Water Public
Lot Dimensions 25x129 ft
Community and Schools
Junior High School Fanning Middle Community Ed.
Senior High School Roosevelt High
Price History of 2931 Lemp Avenue, St Louis, MO
Date | Name | Price | Difference |
---|---|---|---|
10/08/2021 | Listing Price | $562,500 | N/A |
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed. |
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: County Cottage Realty LLC Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange |