c.1916 Three Unit Building in Missouri For Sale By Owner $21K
$21,000
This versatile property for sale by owner features three distinct units, offering multiple opportunities—two commercial spaces on the first floor and a residential apartment above for convenient mixed-use potential.
Realtor Comments
Come to see this large Multifamily Building (three units). Located on a busy street in a very active area, this property enjoys high visibility and accessibility. Take advantage of the bustling surroundings and tap into the potential of high ARV opportunity for investors and entrepreneurs.
- 5bd
- 2ba
- 3,526sqft
- Circa 1916
4733-4737 Natural Bridge Ave, Saint Louis, MO 63115
- Contact Property Owner: (305) 965-7969
- Google Maps
- Niche
Pros
1. Affordable Cost of Living
St. Louis boasts a cost of living approximately 18% lower than the national average, with housing costs about 56% below the national average.
2. Rich Cultural and Recreational Offerings
The city is home to numerous free attractions, including the St. Louis Zoo, Art Museum, and Science Center. Residents also enjoy a vibrant music scene, diverse culinary options, and various festivals throughout the year.
3. Strong Community Feel
Despite being a sizable city, many neighborhoods in St. Louis maintain a close-knit, community-oriented atmosphere, fostering strong neighborly connections.
4. Educational Institutions
St. Louis hosts several reputable universities and colleges, such as Washington University and Saint Louis University, contributing to educational and cultural enrichment.
❌ Cons
1. High Crime Rates
St. Louis has experienced higher-than-average crime rates, particularly in certain urban areas. While some neighborhoods are safe and thriving, others face challenges related to crime and safety.
2. Economic Disparities and Urban Decline
The city has faced economic challenges, including business closures and a declining downtown area, leading to reduced foot traffic and vacant properties.
3. Public Transportation Limitations
While St. Louis offers public transit options like buses and light rail, coverage can be limited, and service frequency may not meet the needs of all residents, making car ownership more necessary.
4. Weather Extremes
Residents experience hot, humid summers and cold winters, with occasional severe weather events such as thunderstorms and snowstorms.
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History
The buildings once houses Hoffman Upholstery and Melvin’s Final Touch.
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