4977 Quincy St

About This Property

Investors and house hackers, this is a unicorn; see the end of the marketing remarks for specifics. First, let s talk building information. This spacious brick duplex in desirable Princeton Heights (one of the gems of South City) is within walking distance of Willmore Park, Carondelet Park, hatch d STL, Onesto, and Aldi. Each unit features a living room with stained glass windows, eat-in kitchen, two bedrooms, one bathroom, and a sunroom that s perfect for enjoying morning coffee. Capital expenditures done to improve the property within the last several years include central air throughout, a new roof, chimney tuck pointing, and some new windows. Outside you ll find a fenced backyard and off-street parking for two cars. 1F is occupied by long term tenants of 20 years (with minimal rent increases). 2F was occupied by a long-term tenant of 10 years until July, with the most recent rent being $1100. A passing occupancy permit is in place for the vacant 2F, allowing for immediate move-in. Roof is new within the last several years. Condenser units are circa 2020/2021, water heaters circa 2018/2020. Stack is partially PVC. Electric panels are circuit breakers. Some new windows. Now let s talk unicorn details: Seller STRONGLY prefers seller financing for tax reasons! However, not every buyer will qualify - must have good credit, a minimum of $20K down payment, and experience with being a landlord. Strong buyers will be offered 6% seller financing for the balance; other candidates may be considered with a higher interest rate. Ask your Realtor for the disclosures and additional information available in the supplements.

Property Details