4655 Farlin AVE St Louis, MO 63115
2,074 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 2,074 sqft
Price per Sqft $48
Subdivision Lee Carr Add
MLS Listing ID 26058822
Style Apartment Style,Bungalow,Craftsman,Historic,Traditional
Year Built 1939
Annual Tax Amount $271
Lot Size 3,240 Sqft
Acres 0.0744
Property Sub-Type 2-4 Units
Property Description
The existing tenancy makes 4655 Farlin particularly appealing for an investor seeking a property with income already in place rather than starting with vacant units. Looking ahead, the property's distinctive configuration and daycare variance provide additional possibilities as leases and occupancy needs evolve, whether continuing its residential use or exploring the approved daycare use on the main level.
Situated on a quieter one-way street, the property features a fenced yard that provides useful outdoor space, along with a garage accessed from the rear alley for convenient off-street parking and storage. The layout and exterior configuration lend themselves well to the property's flexible residential and permitted daycare uses.
Located in the Penrose neighborhood, the property enjoys convenient access to public transportation, including multiple bus routes. Outdoor and community amenities include Penrose Park, WC Handy Park, Tink Bradley Playground, and nearby community gardens. Just minutes away, Fairground Park provides additional recreational opportunities with expansive green space, trails, and lakes.
The area also offers convenient access to I-70, I-55, and downtown St. Louis, connecting the property with employment centers, hospitals, educational institutions, and other destinations throughout the city. Neighborhood schools, community organizations, churches, and everyday conveniences are also within the surrounding area.
With tenants occupying both levels, existing rental income, a fenced yard, rear garage, and the unusual benefit of an approved daycare variance for up to 18 children on the main level, 4655 Farlin Avenue offers an investor a combination of current income and long-term flexibility that is difficult to replicate.
Income potential, long-term ownership, and the ability to perform as a productive real estate asset are the reasons this property was selected as part of the Penthouse Portfolio Collection.
Location
State MO
County St Louis City
Area 5 - North
Rooms
Basement Full, Unfinished
Interior
Interior Features Breakfast Room, Built-in Features, High Speed Internet, Historic Millwork, Natural Woodwork, Separate Dining, Shower, Special Millwork, Storage, Tub, Wired for Data, Workshop/Hobby Area
Heating Forced Air
Cooling Central Air
Fireplace Y
Appliance Free-Standing Gas Oven, Gas Oven, Range, Free-Standing Range, Free-Standing Gas Range, Gas Range, Refrigerator, Water Heater
Laundry In Basement, Lower Level, Washer Hookup
Exterior
Exterior Feature Balcony, Entry Steps/Stairs
Parking Features true
Garage Spaces 2.0
Fence Back Yard, Chain Link, Fenced, Gate, Partial
Utilities Available Cable Available, Electricity Connected, Natural Gas Available, Phone Available, Sewer Connected, Water Connected
View Y/N No
Roof Type Shingle
Private Pool false
Building
Lot Description Back Yard, City Lot, Cleared, Few Trees, Front Yard, Level, Near Park, Near Public Transit, Rectangular Lot
Story 2
Water Public
Level or Stories Two
Structure Type Brick
Schools
Elementary Schools Ashland Elem. And Br.
Middle Schools Yeatman-Liddell Middle School
High Schools Sumner High
School District St. Louis City
Others
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Listing As Is