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Owner finance

$329,900

3124 Magnolia Ave

Saint Louis, MO 63118

Sq ft5,560
Year built1907
Listed by

Linda Alexander, Linda Alexander Real Estate LLC · (314) 713-0864

What the listing says

LIVE WORK INVEST! SELLER FINANCING AVAILABLE RATES AS LOW AS 6.99% FOR QUALIFIED BUYERS. Unique mixed-use opportunity in historic Tower Grove East. This approximately 5,560 SF two-story brick corner building offers exceptional flexibility for an owner-user, investor or entrepreneur. The substantially updated main level offers approximately 2,780 SF and was formerly operated as a convenience store and deli. Features include high ceilings, distinctive decorative ceilings, updated flooring and restroom, storefront windows, retail fixtures, beverage coolers, service counter and ductless cooling. The approximately 2,780 SF upper level, formerly configured as two residential units, offers an open canvas for redevelopment with newer windows, exposed brick, subfloor improvements and framing underway. Former residential units are not presently configured for occupancy and will require completion and applicable approvals. Explore residential, live/work, rental or other legally permitted possibilities. Convenient access to I-44, I-55, I-64 and downtown St. Louis. Property offered AS-IS, WHERE-IS; seller will make no repairs. Seller financing subject to buyer qualification, down payment, credit profile, transaction structure, Seller approval and definitive financing documents. Buyer to independently verify zoning, permitted uses, occupancy requirements and redevelopment approvals. Also listed Commercial MLS 26054395. Owner/Agent.

See the original listing ↗

This listing mentions owner financing. Terms are set by each seller and are negotiable. The description and numbers come from the listing and Zillow; confirm availability, the price and any financing with the seller or their agent.

Property Details

Property Type

Multi-Family

Lot Size

1,655.28 sq ft

HOA

None

More owner-financed homes near Saint Louis

Questions about owner financing in Saint Louis

What is owner financing for 3124 Magnolia Ave?

Owner financing means the seller of 3124 Magnolia Ave acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. The listing for this Saint Louis, MO home mentions owner financing; confirm it with the seller.

Do I need good credit for owner financing?

There's no bank approval, but each seller sets their own requirements. Some check credit, income or references; others don't. Ask the seller or their agent what they need.

How much is the down payment for this Saint Louis home?

There is no standard down payment. The seller of this Saint Louis home sets their own, and it is negotiable. Ask the seller or their agent.

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