3306 Louisiana Avenue

St. Louis, MO 63118

$205,000
Price
Beds
3,196 Sq. Ft.
$64 / Sq. Ft.
3,196
Sq. Ft.
$64
per Sq. Ft.

Description

Seize the opportunity to own this fully occupied, cash-flowing gem generating $2,035/month with potential for increased rents. This sturdy brick property features central heat and air conditioning in all units, with one newly renovated unit and two long-term tenants. Significant updates include a new roof and sewer laterals in 2021 and 2024, some new appliances, two new furnaces in 2021, a new AC unit in 2023, and a new fence in 2024. With its strong return on investment and room for rent growth,...Seize the opportunity to own this fully occupied, cash-flowing gem generating $2,035/month with potential for increased rents. This sturdy brick property features central heat and air conditioning in all units, with one newly renovated unit and two long-term tenants. Significant updates include a new roof and sewer laterals in 2021 and 2024, some new appliances, two new furnaces in 2021, a new AC unit in 2023, and a new fence in 2024. With its strong return on investment and room for rent growth, this property is an excellent addition to any investment portfolio. Don’t miss out—make your offer today and capitalize on this outstanding opportunity! Offered at a 9% Cap, with modest rent increases this easily reaches over a 10% Cap.
  1. Listed by Donald Shaver • Invest St. Louis

Property Details for 3306 Louisiana Avenue

Cross Street
Gravois
LISTING UPDATED: 10/31/2024 03:52 PM

Property Details for 3306 Louisiana Avenue

StatusActive
MLS #24045708
Days on Market102
Taxes$702 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi-Family 2-4
Year Built1907
Lot Size0.12 AC / 5,197 SF
CountySt. Louis Independent City

Building Information for 3306 Louisiana Avenue

Stories-Residences-Year Built1907Building Size-Lot Size0.12 AC / 5,197 SF

Property Information for 3306 Louisiana Avenue

Summary
Location and General Information
  • City: St Louis
  • County Or Parish: St Louis City
  • Directions: Google
  • Latitude: 38.596068
  • Longitude: -90.238605
  • Neighborhood: Benton Park West
  • Postal Code: 63118
  • State Or Province: MO
  • Sub division Name: Haner Add
  • Postal Code Plus 4: 2725
Taxes and HOA Information
  • List AOR: St. Louis Association of REALTORS
  • Association Fee: $.00
  • Parcel Number: 1497-00-0080-0
  • Tax Annual Amount: $702.00
  • Tax Year: 2023
Owner
  • Township: St. Louis City
  • Owner Name: private
Parking
  • Attached Garage: No
  • Parking Features: Off Street
  • Driveway: Concrete
School Information
  • Elementary School: Monroe Elem.
  • High School: Roosevelt High
  • High School District: St. Louis City
  • Middle Or Junior School: Fanning Middle Community Ed.
Property
Lot Information
  • Lot Size Acres: 0.1193
  • Lot Size Dimensions: 40x125
  • Lot Size Source: County Records
  • Lot Size Square Feet: 5197.0
  • Property Sub Type: Multi-Family 2-4
  • Property Type: Residential Income
Property and Assessments
  • Above Grade Finished Area: 3196.0
  • Above Grade Finished Area Source: Public Records
  • Documents Count: 4
  • Building Desc: Other
  • Photos Count: 5
  • Videos Count: 0
  • Year Built: 1907
  • Disclosures: Seller Disclosure,Agent Owned,Flood Plain No,Leases Avaliable,Profit & Loss Avalia
  • Age: 117
  • Construction Materials: Brick
  • Ownership Type: Private
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Appliances: Some Refrigerator(s), Some Range Oven(s)
  • Heat Source: Gas
  • Cable Available: 1
  • Cooling: Gas
  • Heating: Forced Air
  • Heating YN: Yes
Multi Family
Multi-Family Information
  • Type of Units: 3-Family
Income & Expenses
  • Miscellaneous: Basement,Deck,Fencing,Laundry Facl-Commty
  • Net Operating Income: $11,099.00
  • Operating Expense Includes: None,Maintenance Gounds,Maintenance,Manager
  • Total Expenses: 8327.00
Unit 1
  • Unit Full Baths: 1
  • Unit Half Baths: 0
  • Unit Rooms: 4
  • UnitType Beds Total: 1.0
Unit 2
  • Unit Full Baths: 2
  • Unit Rooms: 8
  • UnitType Beds Total: 3.0
Unit 3
  • Unit Full Baths: 1
  • Unit Rooms: 4
  • UnitType Beds Total: 1.0
Rental
Rent Information
  • Lease Term: Month To Month
  • Tenant Pays: Electricity, Gas

Property History for 3306 Louisiana Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3306 Louisiana Avenue

Taxable ValueLand$1,900Additions$5,570Total$7,470
Tax Record2020$639 ($53 / month)
Home Facts
Baths4Total Finished SqFt3,196 SqFtAbove Grade Finished SqFt3,196 SqFtStories2Lot Size5,198 SqFtStyleTriplexYear Built1907Year Renovated1907ZoningFCountySAINT LOUIS CITYAPN14970000800

Schools near 3306 Louisiana Avenue

This home is within St. Louis City School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Froebel Elementary School
PublicPK to 5

Long Middle Community Ed. Center
Public6 to 8

Roosevelt High School
Public9 to 12

Fanning Middle Community Ed.
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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3306 Louisiana Avenue is a multi-family home for sale in St. Louis, MO 63118. This property was listed for sale on July 25, 2024 by Invest St. Louis, it's currently listed at $205,000. It has been on the market for a total of 102 days and was last sold on June 14, 2019. This listing's school district is St. Louis City School District. Nearby schools include Froebel Elementary School, Long Middle Community Ed. Center and Roosevelt High School. 3306 Louisiana Avenue is a 0-bed, 0-bath, 3,196 sqft multi-family home built in 1907.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Invest St. Louis

Based on information from one of the following Multiple Listing Services: MARIS, Bagnell Dam Association of REALTORS . Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MARIS, Bagnell Dam Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.