3210 Royalton Ave, St Louis, MO 63114
- $250,000
- 1,407
- SqFt
- List Price
- $250,000
- Price Change
- ▼ $25,000 1784170551
- Days on Market
- 61
- MLS#
- 26033586
- Status
- ACTIVE
- Living Sq. Ft
- 1,407
- Lot Size
- 8,799
- Acres
- 0.20
- Year Built
- 1950
- Subdivision
- Orchard Hill
- Municipality
- Breckenridge Hills
- County
- St. Louis
- Listing Type
- Multifamily
Property Description
Rare opportunity to acquire a cash-flowing triplex with a nearly 15% cap rate. This income-producing property features three separate units, including a 2-bedroom 1-bath apartment, 2 studio's with a private bath. Currently operating as fully furnished short-term rentals with a proven income history, this property offers strong cash flow and multiple investment opportunities. Continue the successful short-term rental business, convert to long-term rentals, or occupy one unit while generating income from the others. Numerous updates and improvements have been made throughout the property, adding to its appeal and functionality. Conveniently located near shopping, dining, and major roadways. All units are occupied and actively booked, so showings are by appointment only and must be coordinated with the owner.
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Additional Information
- School District
- Ritenour
- Elementary School
- Marion Elem.
- Jr. High School
- Ritenour Middle
- Sr. High School
- Ritenour Sr. High
- Parking Description
- Driveway, On Street
- Cooling
- Ceiling Fan(s), Central Air
- Heating
- Forced Air, Natural Gas
- Water
- Public
- Selling Terms
- 1031 Exchange, Cash, Conventional, FHA, Other
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Listing courtesy of EXP Realty, LLC.
Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange. Information From Third Parties, Deemed Reliable But Not Verified
