2120 Faraon Street, St Joseph, MO 64501
- $485,000
- List Price
- $485,000
- MLS#
- 2626902
- Status
- ACTIVE
- Type
- Multifamily
- Sub Type
- Converted Residence
- Lot Size
- 15,682
- Acres
- 0.36
- Subdivision
- Other
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.
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Additional Information
- Year Built
- 1920
- School District
- St. Joseph
- Basement
- Yes
- Interior Features
- Common Entry
- Roof
- Composition, Slate
- Central Air
- Other
- Sewer
- Public Sewer
- Construction
- Brick
- Water
- Public
- Cooling
- Other
- Heating
- Natural Gas
- Taxes
- $1,768
- Zoning
- CITY
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Listing courtesy of Joshua Johnson of BHHS Stein & Summers Real Estate.
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