Secure an income producing asset with deep roots in the Carondelet market. This circa 1870's two-family residence offers a rare combination of historic character and long-term stability, having been meticulously maintained by the same family for over 100 years. Perched on a hilltop, the property provides unique Mississippi River views and a commanding presence that sets it apart from standard inventory. For the investor looking to scale or solidify a portfolio, the operational setup is turnkey. The property features two 1-bedroom units designed for maximum efficiency. One unit is currently occupied by a month-to-month tenant, ensuring immediate cash flow from day one. The second unit is vacant and move-in ready, allowing for immediate market-rate leasing or a value-add refresh to further drive NOI. This is a clean, well-preserved building that reflects a century of pride in ownership. It offers the structural integrity of a legacy asset with the flexibility to modernize and capture higher rents. To streamline the transaction, the seller prefers an "As-Is" sale on a Special Sales Contract. Capitalize on this rare opportunity to acquire a historic income-producer with an unbeatable vantage point.
| MLS # | 26030667 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1870 |
| Days On Site | 176 |
| Listing Provided By | Compass Realty Group | Jonathan Miller |
| SQ Feet | 1,820 |
|---|---|
| Story(s) | 2 |
| Units | 2 |
| Building(s) | 1 |
| Acreage | 0.15 |
| Cooling | None |
|---|---|
| Heating | Forced Air, Natural Gas |
| Roof | Asphalt |
|---|---|
| Construction Materials | Vinyl Siding |
| Garage Yes / No | No |
|---|---|
| Parking Features | Alley Access |
| Senior Community Yes / No | No |
|---|
| Property | 496 |
|---|
| State | MO |
|---|---|
| County | St Louis City |
| City | St Louis |
| Zip Code | 63111 |
| Area | South City |
| Community Name | Eiler Add |
| School District | Roosevelt High |
| Elementary School | Woodward Elem. |
| High School | Roosevelt High |
| Listing VS Median (in Eiler Add) | |
Price: $127,000 low | high Med: $127,000 sqft: 1,820 low | high Med: 1,820 $ / sqft: $70 low | high Med: $70 On site: 176 low | high Med: 176 | |
| State | MO |
|---|---|
| County | St Louis City |
| City | St Louis |
| Zip Code | 63111 |
| Area | South City |
| Community Name | Eiler Add |
| School District | Roosevelt High |
| Elementary School | Woodward Elem. |
| High School | Roosevelt High |
| Listing VS Median (in Eiler Add) | |
Price: $127,000 low | high Med: $127,000 sqft: 1,820 low | high Med: 1,820 $ / sqft: $70 low | high Med: $70 On site: 176 low | high Med: 176 | |