Once in a lifetime chance to own OVER A QUARTER ACRE (11,996SF) in prime RICHMOND HEIGHTS, with 2 duplexes (4 units total). All units are oversized 888sqft 1bed/1bath units, currently all leased below market rent but bringing in $4,020/month ($48,240 annually). According to Apartments.com, 1bed apartments market rent is $1850/m to $3300/month in this location. Both buildings have dual sets of washers/dryers. Endless opportunities here- continue renting the units & raise rents as they are, renovate the units for massive rent increases, or even possibly redevelop on the huge lot. Close to the best "Med and Ed" tenants in St Louis; 1.5 miles from Washington University, 1.4 miles from Forest Park, 1.8 miles from Whole Foods and a 7min drive to Barnes Jewish Hospital. Richmond Heights has an A+ "Overall Niche Grade" and is ranked the #5 "Best Places to Live in Missouri" according to Niche.com. 1319 & 1323 Woodland dr are listed here (can be purchased individually).
Lot & Building Features
CoolingElectric, Gas
Heat SourceGas
HeatingForced Air
Parking DescriptionOff Street
SewerPublic Sewer
Tax Year2023
WaterPublic
Lot Dimensions40x150 ft
Community and Schools
Elementary SchoolMrh Elementary
Junior High SchoolMrh Middle
Senior High SchoolMaplewood-Richmond Hgts. High
Price History of 1323 Woodland Drive, St Louis, MO
Date
Name
Price
Difference
09/13/2024
Listing Price
$750,000
N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
1323 Woodland Drive (MLS #24058463) is a multi-family listing located in St Louis, MO.
This multi-family listing is 3,552 sqft and on a lot of 11,996 sqft (or 0.28 acres) and is 99 years old. This property was listed on 09/13/2024 and has been priced for sale at $750,000.
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