$240,000
4042 Palm Street
St Louis, MO 63107 · MLS#: 26049438
Listing brokerage: Sorkin & Associates, LLC · 314-368-2463 · Agent: Richard Sorkin
About this home
This is a group of 4 buildings with 12 units and two vacant lots. All are in close proximity to each other. Thee of the buildings were rehabbed about 25 years ago with all new plumbing, electric, windows, HVAC, drywall, and more. The fourth building was new construction at the time. It has 2-4 bedroom 2 1/2 bath townhouses. 7 of the units are vacant and have had some damage from the 2025 tornado. But with the work that has been dome, you will have a good basis to start with. The rehabs were done with LIHTC tax credits, so there are some rental restrictions and the new buyer and management company must be approved by MHDC, which may be a two month process. There is another group of 7 buildings that is also available. The seller has agreed to establish a repair escrow to help pay for the repairs.
Property details
- County
- St Louis City
- Subdivision
- Lindell Fair Ground Add
- Lot size
- 0.1003 acres
- Days on market
- 47
- Annual taxes
- $500
- Heating
- Forced Air
- Cooling
- Central Air
- Style
- Apartment Style
Schools
- School district
- St. Louis City
- Elementary
- Ashland Elem. and Br.
- Middle
- Yeatman-Liddell Middle School
- High
- Vashon High
Location
Listing courtesy of Sorkin & Associates, LLC · MLS#: 26049438. Data provided by MARIS MLS; deemed reliable but not guaranteed.