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Mark Lynch

Mark Lynch
RE/MAX Suburban
Chesterfield, MO 63005

Direct: 314-630-4848
Office: 314-744-7507

Email Me

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Listing 15 out of 33
$315,000 Contingent No Kickout

7401 Rupert Avenue
St Louis, MO 63117

Multi Family Home
5314 sq ft - MLS# 18095044
Property Photo
1/31

Description

You don't want to miss out on this income producing duplex in Richmond Heights. The building is located on a beautiful street on a corner lot, with a patio for entertaining, decks off of each unit, and a detached 2 car garage. Each unit is 1200+ sq ft, 2br/1b with wood flooring, updated bathrooms, and some new windows and new paint in the 2nd floor unit. Close to grocers, dining, and entertainment. Perfect for an owner occupant or an investor, it has solid tenants already in place (1 m2m, 1 lease). Potential to increase rents with no work, or even more with targeted cosmetic upgrades. Maintenance/repair costs elevated in 2018 due to painting, plaster repair, and some new windows. Self-managed in a typical year at current rent rates net income approaches $17,000. With minimal work you can have this building firing on all cylinders!

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi-Family 2-4
  • Listing Status: Contingent No Kickout
  • County/Area: St Louis County
  • Zip Code: 63117
  • Year Built: 1926
  • Age: 92
  • Subdivision/Neighborhood: Pennsylvania Park 2
  • School District: Maplewood-Richmond Heights
  • Elementary School: Mrh Elementary
  • Middle School: Mrh Middle
  • High School: Maplewood-Richmond Hgts. High
  • Lot Size: 5314 sq ft
  • Area: Maplewood-Rchmnd Hts
  • Association: St. Louis Association of REALTOR
  • Building Desc: Duplex
  • Cable Available: 1
  • Construction: Brick/Stone Msn Pred
  • Cooling: 3 Plus Window/Wall,Central-Electric
  • Fixed Expenses: Insurance,Sewer,Taxes,Trash Removal
  • Gross Operating Income: 23100.00
  • Heat Source: Gas
  • Heating: Radiator(s)
  • Lot Dimensions: 33x53x79x49x130
  • Lot Size Source: County Records
  • Lot Square Footage: 5314
  • Miscellaneous: Basement,Deck,Patio,Storage Room Avail
  • Net Income: 13675.00
  • Operating Expenses: Lawn Care,Maintenance,Management
  • Parking Description: 1-2 Car Detached Grg
  • Sewer: Public
  • Square Footage: 2542
  • Square Footage Source: County Records
  • Tenant Pays: Cable TV/Satellite,Electric,Gas
  • Total Expenses: 9425.00
  • Type of Units: 2-Family
  • Water: Public
  • Water Heat: Gas
Courtesy of Berkshire Hathaway Alliance
 
Direct: 314-630-4848 | Office: 314-744-7507  | Email Me
16647 Chesterfield Grove Road, Suite 110 - Chesterfield, MO 63005
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