2249 Saint Louis Ave

Saint Louis, MO 63106
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6 bd, 2 ba | 2,583 sqft | Built in 1880

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List Price
$250,000

Initial Investment

$68,125

Purchase Price

$250,000

Down Payment

25%

Rent

$2,950

Total Return

$152,059

Annualized Return

30.8%

Cap Rate

9.6%

Gross Yield

14.2%

Cash Flow

$9,117

Appreciation

7.2%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Property Type

Townhouse

Lot Size

2,391

HOA

None

Flood Risk

Not Required

Experience timeless elegance at 2249 St. Louis Ave, a 144-year-old gem on the National Register of Historic Places. Built in 1880 by Sheehan Realty, this historic residence has been lovingly and accurately restored over the past 39 years. The 10-room home, expanded in 1895, offers approximately 3,200 sq. ft. of living space with a full basement. Highlights include a kitchen with custom quarter-sawn oak cabinets, 1½ baths, grand parlors with pocket doors, 10 ½ ft ceilings, and original plaster moldings, 4 marble and two wooden fireplaces, and 2 open staircases that meet at the top. The master bedroom features an adjoining dressing room. The property also includes a unique 1916 Hamilton concrete garage. Located on St. Louis Place's former million-dollar row, this home is a living piece of the city?s rich history, ready for its next chapter. That next chapter includes being within a ½ mile of the new $1.7B National Geospatial-Intelligence Agency?s campus.

See more in Analysis
Greg Abel
Avenue Real Estate Group
MO Agent License #2010034185

Annual Financial Highlights

Expected Rent

$33,630

Expenses

-$7,721

Property Taxes

-$3,200

Loan Payments

-$13,591

Net Cash Flow

$9,117

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Thomas Burfield
Agent License 2002030875
Berkshire Hathaway Alliance
Certified Agent Brokerage:Greg Abel
Avenue Real Estate Group
MO Brokerage License 2007009265
SourceMid America Regional Information Systems (MARIS).
MLS #24051825
Last Updated: 09/05/2024 16:09
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