5509 Palm Street

St. Louis, MO 63120

$185,000
Price
Beds
3,360 Sq. Ft.
$55 / Sq. Ft.
3,360
Sq. Ft.
$55
per Sq. Ft.

Description

Incredible Investment Opportunity in St. Louis! This 4-family building features an impressive cap rate and is perfect for savvy investors. Entire building has been updated to include new electric, new plumbing, new roof, plus tuckpointing. Three of the four units have been recently updated with modern finishes, ensuring strong rental appeal and immediate cash flow. One unit awaits your personal touch, providing a chance to increase value and rental income. Located in a desirable neighborhood with...Incredible Investment Opportunity in St. Louis! This 4-family building features an impressive cap rate and is perfect for savvy investors. Entire building has been updated to include new electric, new plumbing, new roof, plus tuckpointing. Three of the four units have been recently updated with modern finishes, ensuring strong rental appeal and immediate cash flow. One unit awaits your personal touch, providing a chance to increase value and rental income. Located in a desirable neighborhood with easy access to transportation, shopping, and dining, this property promises high demand from renters. Don’t miss out on this fantastic investment opportunity—schedule your showing today
  1. Listed by Duan Lee • Berkshire Hathaway Select

Property Details for 5509 Palm Street

Cross Street
Mars Place Adl
LISTING UPDATED: 11/19/2024 10:02 AM

Property Details for 5509 Palm Street

StatusActive
MLS #24071881
Days on Market3
Taxes$205 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi-Family 2-4
Year Built1924
Lot Size0.12 AC / 5,101 SF
CountySt. Louis Independent City

Building Information for 5509 Palm Street

Stories-Residences-Year Built1924Building Size-Lot Size0.12 AC / 5,101 SF

Property Information for 5509 Palm Street

Summary
Location and General Information
  • City: St Louis
  • County Or Parish: St Louis City
  • Directions: Natural Bridge just east of Goodfellow to right on Clara to left on Palm property down on left side of street.
  • Latitude: 38.681193
  • Longitude: -90.264621
  • Neighborhood: Wells Goodfellow
  • Postal Code: 63120
  • State Or Province: MO
  • Sub division Name: Mars Place Add
Taxes and HOA Information
  • List AOR: St. Louis Association of REALTORS
  • Parcel Number: 5930-00-0120-0
  • Tax Annual Amount: $205.00
  • Tax Year: 2023
Owner
  • Township: St. Louis City
  • Owner Name: Sharon Ann Bradford
Parking
  • Attached Garage: No
  • Parking Features: On Street
  • Driveway: None
School Information
  • Elementary School: Cote Brilliante Elem.
  • High School: Sumner High
  • High School District: St. Louis City
  • Middle Or Junior School: Langston Middle
Property
Lot Information
  • Lot Size Acres: 0.1171
  • Lot Size Dimensions: 63x81
  • Lot Size Source: County Records
  • Lot Size Square Feet: 5101.0
  • Property Sub Type: Multi-Family 2-4
  • Property Type: Residential Income
Property and Assessments
  • Above Grade Finished Area: 3360.0
  • Above Grade Finished Area Source: Public Records
  • Documents Count: 3
  • Building Desc: Apt/InteriorEntrance
  • Photos Count: 41
  • Videos Count: 0
  • Year Built: 1924
  • Disclosures: Unknown,City,Occupancy Perm Req
  • Age: 100
  • Construction Materials: Brick
  • Ownership Type: Private
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Appliances: Some Dishwasher(s), Some Disposal(s), Some Insulated Window(s), Some Microwave(s), Some Refrigerator(s), Some Smoke Alarm(s)
  • Heat Source: Electric
  • Cable Available: 1
  • Cooling: Wall/Window Unit(s)
  • Heating: Forced Air
  • Heating YN: Yes
Multi Family
Multi-Family Information
  • Type of Units: 4-Family
Income & Expenses
  • Miscellaneous: Basement,Partial Fencing
  • Net Operating Income: $16,295.00
  • Operating Expense Includes: Electricity,Water/Sewer,Taxes,Trash,Fixed Expenses,Maintenance Gounds,Maintenance
  • Total Expenses: 2905.00
Unit 1
  • Unit Bedroom 1: 11x10
  • Unit Bedroom 2: 11x11
  • Unit Full Baths: 1
  • Unit Kitchen: 11x07
  • Unit Living: 14x11
  • Unit Rooms: 4
  • UnitType Beds Total: 2.0
  • Unit Type Description: Dining,Family Room
Rental
Rent Information
  • Lease Term: 1 or More Vacant, Month To Month
  • Tenant Pays: Electricity, Gas

Property History for 5509 Palm Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 5509 Palm Street

Taxable ValueLand$380Additions$1,840Total$2,220
Tax Record2023$205 ($17 / month)
Home Facts
Baths4Total Finished SqFt3,360 SqFtAbove Grade Finished SqFt3,360 SqFtStories2Lot Size5,103 SqFtStyleQuadraplexYear Built1924ZoningCCountySAINT LOUIS CITYAPN593000-01200

Schools near 5509 Palm Street

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 - PK to 6
Rating
School
Distance
Lexington Elementary School
PublicPK to 5

Langston Middle School
Public6 to 8

Sumner High School
Public9 to 12

Cote Brilliante Elementary School
PublicPK to 6

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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5509 Palm Street is a multi-family home for sale in St. Louis, MO 63120. This property was listed for sale on November 18, 2024 by Berkshire Hathaway Select, it's currently listed at $185,000. It has been on the market for a total of 3 days and was last sold on March 20, 2015. This listing's school district is St. Louis City School District. Nearby schools include Lexington Elementary School, Langston Middle School and Sumner High School. 5509 Palm Street is a 0-bed, 0-bath, 3,360 sqft multi-family home built in 1924.

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 Berkshire Hathaway Select

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.