Address
2931 Lemp Avenue St Louis, MO
Price
$ 589,900
Property Attributes
  • MLS#21072294
  • TypeContingent
  • CountyST LOUIS CITY
  • CitySt Louis
  • AreaCentral East
  • NeighborhoodLanes Add
  • Zip63118
  • Style
  • Year Built1890
  • Taxes$ 3807
  • Price$ 589,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4968
  • Lot Size3,223 SqFt
Listing Provided Courtesy Of:
County Cottage Realty LLC
Data Source:
Mid America Regional Information Systems (MARIS) - 71 - MO
Property Description

This gorgeous brick and stone building in Benton Park includes 6 residential units, 4 of which are currently being used as Airbnb units! The occupancy rate is 95% for October 2021, 88.8% for the last 365 days. The next 30 days is 90.2%. 2 of the units are long term renters ending in January and May 2022. This is an amazing opportunity with a gross income in 2020 of $66k+ and net income of $38k+. Financials are available upon request. All units come fully stocked and furnished, including all appliances. Electronic key pads on exterior door and interior unit doors make booking new tenants a breeze! Located just 60 seconds from Highway 55 and just across the highway from the famed Anheuser Busch Brewery, makes this the perfect Airbnb destination for traveling nurses and other guests. Showings will have to be scheduled in between occupancy dates. Every unit has been totally renovated! Buy this building as an investor OR owner occupied. Either way this is an incredible opportunity!

Elementary School Middle School High School
Sigel Elem. Comm. Ed. Center Fanning Middle Community Ed. Roosevelt High
Price History
10/8/2021 Listed $589,900

General Features

Attached Garage No
City St Louis
Construction Materials Brick
Cooling Ceiling Fan(s), Electric
County St Louis City
Days on Market 25
Directions Highway 55 North to Left on Arsenal to right on Lemp Avenue to property at corner of Lemp and Crittenden.
Disclosures Unknown, City, Code Compliance Reqd, Flood Plain No, Occupancy Perm Req, Sellers Discl. Avail
Elementary School Sigel Elem. Comm. Ed. Center
HOA Fee Frequency None
Heating Forced Air
High School Roosevelt High
High School District St. Louis City
Lot Size Square Feet 3223
MLS Area Central East
Middle/Junior High School Fanning Middle Community Ed.
Neighborhood Benton Park
Net Operating Income 38315
Ownership Type Private
Possession Close Of Escrow
Property SubType Multi-Family 5+
Property Type Commercial Sale
PropertyCondition None
Sewer Public Sewer
Showing Instructions Appt. through MLS, Call Listing Agent, Combination, Do Not Disturb Ten's
Standard Status Active Under Contract
Street Name Lemp
Subdivision Name Lanes Add
Tax Annual Amount 3807
Tax Year 2020
Tenant Pays Other
Total Units 6
Township St. Louis City
Virtual Tour https://www.zillow.com/view-3d-home/26940ce1-1c69-41c9-b80c-4c60a415231e?setAttribution=mls&wl=true
Year Built 1890

Interior Features

Above Grade Finished Area 4968
Above Grade Finished Area Source Public Records
Heating Y/N Yes
Laundry Features Prvt Laund all units
Street Suffix Avenue

Exterior Features

Builder Model Mid-Rise 3or4 Story
Inclusions Building & Land
Lot Dimensions 25x129
Lot Size Acres 0.074
Lot Size Source County Records
Parking Features Space/Unit - 1, Parking Lot
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 63118

Price
AVG $230K
$590K
Taxes
AVG $1,332
$3,807
Visits
AVG 22
14
Year Built
AVG 1905
1890
Walkscore
AVG 84
83
Data Provided by Walkscore ® not using MLS data