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Listed by Joshua Johnson • BHHS Stein & Summers Real Estate
$ 485,000
Est. payment /mo
Active
2120 Faraon ST St Joseph, MO 64501
0.36 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Converted Residence
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2626902
Year Built 1920
Annual Tax Amount $1,768
Lot Size 0.360 Acres
Acres 0.3600092
Property Sub-Type Converted Residence
Source hmls
Property Description
Own a remarkable piece of local history with exceptional income potential at 2120 Faraon Street. Originally constructed as a grand private residence and once owned by a prominent local business leader, this impressive mansion was converted into apartments in 1930 and continues to showcase the character and craftsmanship of a bygone era.
Today, the three-story property offers nine separately metered apartments, including one studio unit, making it an outstanding investment opportunity. Tenants and guests are welcomed by a large covered front porch and beautiful vintage common areas filled with historic charm and architectural detail. Two occupied units provide immediate rental income, while three fully furnished apartments are fully stocked and ready for short-term or long-term renters. Four additional units are ready for a new owner's finishing touches, creating significant value-add potential.
The building is served by a central gas heating system and central water heater, while the basement offers ample storage space and potential for shared laundry facilities. With multiple revenue streams and room for growth, this unique property combines historic appeal with strong investment fundamentals.
Once fully occupied and leased, the property has the potential to generate in excess of $7,000 per month in gross rental income. Whether you're seeking a distinctive addition to your portfolio or an opportunity to restore and maximize a local landmark, 2120 Faraon Street offers character, history, and income potential that are increasingly difficult to find.
Today, the three-story property offers nine separately metered apartments, including one studio unit, making it an outstanding investment opportunity. Tenants and guests are welcomed by a large covered front porch and beautiful vintage common areas filled with historic charm and architectural detail. Two occupied units provide immediate rental income, while three fully furnished apartments are fully stocked and ready for short-term or long-term renters. Four additional units are ready for a new owner's finishing touches, creating significant value-add potential.
The building is served by a central gas heating system and central water heater, while the basement offers ample storage space and potential for shared laundry facilities. With multiple revenue streams and room for growth, this unique property combines historic appeal with strong investment fundamentals.
Once fully occupied and leased, the property has the potential to generate in excess of $7,000 per month in gross rental income. Whether you're seeking a distinctive addition to your portfolio or an opportunity to restore and maximize a local landmark, 2120 Faraon Street offers character, history, and income potential that are increasingly difficult to find.
Location
State MO
County Buchanan
Zoning CITY
Interior
Interior Features Common Entry
Heating Natural Gas
Cooling Other
Fireplace N
Laundry In Basement
Exterior
Parking Features false
Utilities Available Cent Water Heater, Multi-Unit Heat/Air, Separate Meters
Roof Type Composition,Slate
Building
Story 3
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
School District St. Joseph
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
