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$499,000   Price Analysis
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1610 S Jefferson Ave
Saint Louis, MO 63104
4 bed 4 bath 3,688 SqFt ($135/SqFt)
2,614SqFt lot. Built 1907
Listed 2024-04-08, Taxes $4,153
Ⓧ USDA Ineligible
due to location

near Saint Louis

Great opportunity to purchase this completely renovated 4-family located in p leasing Lafayette Square.

The building underwent a complete gut rehab in 2015 including: plumbing, electric, new finishes and windows. Units are large at 917 SF and have open floor plans with restored hardwood floors, some exposed brick, stainless steel appliances and in-unit washer/dryer.

This turnkey property presents a tremendous opportunity for both owner-occupants and investors alike. Rents are significntly below market for the area with an average upside of ~$230/unit. Current rents are $925, $925, $900 and $925. Street parking only.


Presented by Garen Lafser at
Salient Realty Group, Llc- MO.
Listing Agent Photo

Property MLS #24020926 from MARIS

Bedrooms: 4

Some Dishwasher(s)
Some Refrigerator(s)
Some Range Oven(s)
Some Shower Bath(s)
Some Washer/Dryer(s)

Cooling Features: Central-Electric
Heating Features: Forced Air
Heating Fuel: Electric, Gas
Water Heaters: Electric, Gas

Full Bathrooms: 4
Bathroom 1 Features: Some Dishwasher(s), Some Refrigerator(s), Some Range Oven(s), Some Shower Bath(s), Some Washer/Dryer(s)

Lot Size Acres: 0.06
Lot Size Dimensions: 60 x 43
Lot Size Source: County Records
Lot Size Square Feet: 2614

Parking Features: On Street Parking

Elementary School: Sigel Elem. Comm. Ed. Center
High School: Vashon High
Middle School: Fanning Middle Community Ed.
School District: St. Louis City

Sigel Elementary Community Ed. Center is a public elementary school located approximately 0.5 miles away.
directions icon Map directions

Fanning Middle Community Ed. is a public middle school located approximately 2 miles away.
directions icon Map directions

Vashon High School is a public high school located approximately 2.2 miles away.
directions icon Map directions

Gateway Christian High School is a private elementary, middle and high school located approximately 0.1 miles away.
directions icon Map directions

Gross Income: 44100.00
Tenant Pays: Electric, Gas

Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Full Bathrooms in Unit-4: 1

Annual Tax Amount: 4457
Source Listing Status: Active
County: St Louis City
Directions: GPS is best! Parking may be easiest on Albion
Tax Year: 2023
Ownership: Private
Source Property Type: Multi-Family 2-4
Area: Central East
Source Neighborhood: Lafayette Square
Source System Name: C2C
Coming Soon Date: 2024-04-09

YearAssessments
Building + Land
Total
Tax
2022$47,860 + $2,050
$49,910
$4,153
2021$47,860 + $2,050
$49,910
$4,147
2020$47,860 + $2,050
$49,910
$4,115
2019$47,860 + $2,050
$49,910
$4,101
2018$1,960 + $2,050
$4,010
$365
2017$1,960 + $2,050
$4,010
$359
2016$1,370 + $2,050
$3,420
$314
2015$1,370 + $2,050
$3,420
$287
2014$590 + $2,830
$3,420
$287
2013$590 + $2,830
$3,420
$287
2012$590 + $2,830
$3,420
$284
2011$8,630 + $5,660
$14,290
$1,057
2010$9,860 + $5,660
$15,520
$1,101
2009$9,860 + $5,660
$15,520
$1,059
2008$20,710 + $4,940
$25,650
$1,687
2007$20,710 + $4,940
$25,650
$1,691

Price Changed 2024-04-09
$499,000
MARIS
Listed 2024-04-08
$495,000
MARIS
Listing removed 2024-01-16
$495,000
MARIS
Relisted 2023-07-07
$495,000
MARIS
Listing removed 2023-07-01
$515,000
MARIS
Relisted 2022-12-15
$515,000
MARIS
Listing removed 2022-12-01
$515,000
MARIS
Price Changed 2022-09-13
$515,000
MARIS
Listed 2022-08-04
$525,000
MARIS
Sold 2015-09-21
$0
Public Record
Sold 2012-08-13
$0
MARIS
Relisted 2012-07-20
$20,000
MARIS
Listing removed 2012-07-07
$20,000
MARIS
Listed 2012-06-24
$20,000
MARIS
Listing removed 2007-10-04
$249,900
MARIS
Listed 2007-08-11
$249,900
MARIS
Sold 2006-05-03
$0
MARIS
Listed 2006-01-27
$83,900
MARIS
Sold 2004-09-28
$0
Public Record
Sold 2003-07-22
$0
Public Record
Sold 1999-10-20
$0
MARIS
Listed 1999-03-08
$29,900
MARIS

Net Operating Income: 25917.00

Total Square Feet Living: 3688
Year Built: 1907
Construction Materials: Brick/Stone Msn Pred
Living Area Source: County Records
Property Age: 117
Structure Type: Flat/Shotgun/Ext Ent
House Style: 4-Family
Total Above Grade Sqft Area: 3688

Sewer: Public
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.