1323 Woodland Drive St Louis, MO 63117

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$750,000 Est. $2,762 / mo.*
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Property Type: Multi-family 2-4
Status: Active
Year Built: 1925
Neighborhood: Westmoor Park 2
Days on Website: 34

Listing courtesy of The Agency.

Description

Once in a lifetime chance to own OVER A QUARTER ACRE (11,996SF) in prime RICHMOND HEIGHTS, with 2 duplexes (4 units total). All units are oversized 888sqft 1bed/1bath units, currently all leased below market rent but bringing in $4,020/month ($48,240 annually). According to Apartments.com, 1bed apartments market rent is $1850/m to $3300/month in this location. Both buildings have dual sets of washers/dryers. Endless opportunities here- continue renting the units & raise rents as they are, renovate the units for massive rent increases, or even possibly redevelop on the huge lot. Close to the best Med and Ed tenants in St Louis; 1.5 miles from Washington University, 1.4 miles from Forest Park, 1.8 miles from Whole Foods and a 7min drive to Barnes Jewish Hospital. Richmond Heights has an A+ Overall Niche Grade and is ranked the #5 Best Places to Live in Missouri according to Niche.com. 1319 & 1323 Woodland dr are listed here (can be purchased individually).

Open House

Property Details and Features

  • Above Grade Finished Area: 3552 Sq.Ft.
  • Above Grade Finished Area Source: Owner
  • Building Age: 99
  • Building Description: Duplex
  • Year Built: 1925
  • Cooling: "Electric", "Gas"
  • Disclosures: "Unknown", "Limited Seller Discl"
  • Operating Expense Includes: "Other", "Maintenance Gounds"
  • Heating: "Forced Air"
  • Heating Included
  • Heat Source: Gas
  • Net Operating Income: 0
  • Lease Term: Leases
  • Price per Sq.Ft.: $211
  • Transaction Type: Sale
  • Major Area: Maplewood-Rchmnd Hts
  • Parcel Number: 20J-51-0540
  • Subdivision Name: Westmoor Park 2
  • Township: Richmond Heights
  • Lot Size Acres: 0.2754
  • Lot Size Dimensions: 40x150
  • Lot Size Square Feet: 11996 Sq.Ft.
  • Features: "Off Street"
  • Possession: "Close Of Escrow"
  • Type of Units: 4-Family
  • Property Sub Type: Multi-Family 2-4
  • Elementary School: Mrh Elementary
  • High School: Maplewood-Richmond Hgts. High
  • High School District: Maplewood-Richmond Heights
  • Middle Or Junior School: Mrh Middle
  • "Public Sewer"
  • Annual Tax Amount: 2226
  • Tax Year: 2023
  • Tenant Pays: "Cable TV", "Electricity", "Gas"
  • Water Source: "Public"

Location

$750,000 - 1323 Woodland Drive, St Louis, MO 63117
1323 Woodland Drive St Louis, MO 63117
Major Area: Maplewood-Rchmnd Hts

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