Paynes Thomas J Southern Add Real Estate

Welcome to Paynes Thomas J Southern Add, a hidden gem nestled in the heart of St. Louis, Missouri. This charming neighborhood offers a delightful blend of urban convenience and suburban tranquility, making it an ideal place for families, young professionals, and retirees alike.

As you stroll through the tree-lined streets of Paynes Thomas J Southern Add, you’ll be captivated by the warm sense of community and the welcoming atmosphere. The neighborhood is characterized by its beautiful historic homes, each with its unique architectural charm, allowing residents to enjoy a slice of St. Louis history right at their doorstep.

One of the standout features of this area is its proximity to a variety of parks and recreational spaces. Enjoy leisurely afternoons at nearby parks, where you can take advantage of walking trails, playgrounds, and picnic areas. The neighborhood also boasts a vibrant local scene, with an array of shops, restaurants, and cafes just a short drive away. Whether you’re in the mood for a cozy coffee shop or a trendy eatery, Paynes Thomas J Southern Add has something for everyone.

Education is a priority in this community, with access to well-rated schools and educational facilities, ensuring that children receive a quality education close to home. Plus, with easy access to major highways and public transportation, commuting to downtown St. Louis or other surrounding areas is a breeze.

In Paynes Thomas J Southern Add, you’ll find more than just a place to live; you’ll discover a community that feels like home. Come experience the charm and character of this wonderful neighborhood today!

Newest Listings in Paynes Thomas J Southern Add

$485,000

26063729 MLS ⋅ COMING SOON Status

Great chance to own a 4 unit rental with a separate 1+ detached rental! So, it's FIVE rental units, but you pay residential tax rate because its two separate parcels! It's a great location close to all Soulard has to offer, plus easy access to Hwy 44/55/etc. The TWO bed units are townhouse style (two levels) with a full bath on each floor, and IN UNIT laundry located in the kitchen. Rent potential $1450 month each. The ONE bedroom units are also two level...a main level plus a partially finished basement (laundry in the basement). Rent potential $1250 each. The carriage house is a unique one bedroom, with a loft space as well. Rent potential for this unit is $1250. Monthly potential rent is $6,650 or more...annualized that's $79,800. That would be a 12% cap rate!! Historically 4 of the units have been rented as short term rentals, but the owner is transitioning out of that business. One unit needs updated and is only shown with an accepted offer. Other units are updated (but older updates) and can be shown by appointment. RECENT updates are new mansard roof shingles, new deck on the rear carriage house, and repaired sewer lateral and riser in between the buildings to the alley, new gutters and downspouts on carriage house, new HVAC in unit 2E. The new owner will need to replace the historic windows on the Geyer side, and the alley side of the front building (13 windows). That is the only anticipated/known large expense. But as most old buildings are, there is likely some tuck pointing needs, wood repair, etc. However, depending on your own personal goals and approach, 3 or 4 of these units are ready to rent with pretty minor turnover work (patching and painting and cleaning). Perhaps the new owner could change some light fixtures, faucets, cabinet knobs...etc...to add a little more appeal. Check it out. If you're a investor looking to build some equity, this is a great opportunity!

1035 Geyer Ave, St Louis

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Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.