Open House: Sat, May 11th 12:00 PM - 2:00 PM CDT

Active

5600 Morganford Road

St Louis MO, 63116

$299,000


$95.83 per sqft

Active

3,120 sqft

Multi-family

Built in 1912

OPEN SAT 12PM-2PM. Attractive price adjustment for this remarkably rehabbed all brick 2-story mix-use building in the heart of South St. Louis City. Proudly anchored on a high traffic count corner lot, this Bevo Neighborhood gem will get you all the exposure you will need. Both savvy investors and owner occupants alike will be amazed at its wonderful transformation. There are many possibilities in play for this "Turn Key" Main-Level Commercial Space and its Luxurious upper-level 2 bed 1 bath 1,500sqft+ apartment. The wait is over to relocate or to go for it & start-up your business. You could either generate a steady revenue stream with leasing the apartment or occupy it as you operate below. The property boasts a potentially high cap rate once leases are in place for those looking to strictly invest too. Either way you will have a peace of mind with all of the upgrades & how solid the building is. Be sure to check out the feature sheets in the pics. *GOI, Net, & Exp are projected*

24014557

MLS ID

May 8, 2024

Updated

Map

5600 Morganford Road
St Louis MO, 63116

Interior Features

Appliances

Some Dishwasher(s), Some Disposal(s), Some Insulated Window(s), Some Microwave(s), Some Refrigerator(s), Some Range Oven(s), Some Shower Bath(s), Some Smoke Alarm(s), Washer/Dryer


Fireplace

No


Cooling

Yes


Cooling Description

Ceiling Fan(s), Electric


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.05 Acres


Sewer

Public Sewer

School Information

School District

St. Louis City


High School

Roosevelt High


Elementary School

Woerner Elem.

Other Property Details

Area Name

South City


Taxes

$3,202


Tax Frequency

Annually


Days on Market

58


Garage

No


Parking

On Street


View

No


County

St Louis City


Municipality

St. Louis City


Water Source

Public


Pool

No


Buyer Agency Compensation

2.25%

Listing History

Date

Event

Price

5/8/2024

Price Change

$299,000

-8%

4/9/2024

Price Change

$324,500

-8%

Open House Schedule

Sat, May 11th

12:00 PM - 2:00 PM CDT

Courtesy of MORE, REALTORS, Michael Abernathy

Listings displaying the MARIS logo are courtesy of the participants of MO - Mid America Regional Information Systems (MARIS) Internet Data Exchange. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Cheri Norton Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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