This fully occupied 4 family is walking distance to Herman Park, and the Delmar Loop, not to mention being roughly 1.5 miles from Washington University! That's about a 30 minute walk, 15 minutes by bike, or 6 minutes in car! Renting these 2 bedroom 1 bath recently updated units is a breeze at around $700-$725 per month. Current monthly income on the fully occupied building is $2800, that's 33600 Gross Annual Income. Current Owner has $8400 Annual Operating expenses, producing a $24890 Net Income, roughly a 11.06% Cap Rate. Rents could potentially be raised a bit to create more income. Seller prefers an as-is sale! One unit currently open for showings, others can be viewed under contract but are reasonably similar.
Full Property Details
Full Property Details for 1118 Ursula Ave
Taxes: $3,239 (2017)
MLS ID: 18014435
Added: 168 day(s) ago
Appliances: Refrigerator, Range and Oven, Smoke Alarm/Smoke Detector, Washer and Dryer
Parking Features: 1-2 Car Detached Garage
Parking: 1-2 Car Detached Garage
Area: University City
County: St Louis
Township: U City
Subdivision: Bellemoor Park Amd
Cross Streets: Kingsland
Driving Directions: Delmar to South on Kingsway, left on Etzel, right on Ursula to property on right.
School District: University City
Elementary School: Pershing Elem.
Middle School: Brittany Woods
High School: University City Sr. High
Heating & Cooling
Cooling Type: 3 or More Window or Wall Air Conditioners
Heating Type: Forced Air
Heating Fuel: Electric
Water Heater: Gas
Propane Tank: None
Cable Available: Yes
Description/Design: Apartment (Interior Entrance)
Construction: Brick/Stone Msn Pred
Square Feet: 4,368
Sq. Ft. Source: County Records
Year Built: 1940
Units in Building: 4
Units May Include: Some Refrigerator(s), Some Range Oven(s), Some Smoke
Unit Type: 4-Family
Lot Size (Acres): 0.23
Lot Size (Sq. Ft.): 10,019
Lot Size Source: County Records
Lot Dimensions: irr
Lot Description: 8
Price Per Sq. Ft.: $51.51
Assoc Fee Freq.: None
Fixed Expenses: Insurance, Sewer, Taxes, Trash Removal, Water
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
1118 Ursula Avenue, Saint Louis, MO 63130 (MLS# 18014435) is a
Multi-Family property with units containing 0 bedrooms and 0 full bathrooms.
1118 Ursula Avenue is currently listed for $225,000 and was received on March 05, 2018.
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