3124 Magnolia Ave, Saint Louis MO6 photos
3124 Magnolia Ave, Saint Louis MO, photo 2
3124 Magnolia Ave, Saint Louis MO, photo 3
3124 Magnolia Ave, Saint Louis MO, photo 4
3124 Magnolia Ave, Saint Louis MO, photo 5
3124 Magnolia Ave, Saint Louis MO, photo 6
Owner finance

$359,900

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

MIXED-USE REDEVELOPMENT OPPORTUNITY WITH POTENTIAL SELLER FINANCING. Unique opportunity in historic Tower Grove East. This approximately 5,560-square-foot corner building offers exceptional flexibility for an owner-user, investor, entrepreneur or developer. The updated main level, formerly operated as a convenience store and deli, may accommodate retail, professional services, salon/beauty, food service or other legally permitted uses. The upper level, formerly configured as two residential units, is currently gutted and ready for redevelopment. The former residential units are not presently configured for occupancy and will require redevelopment and applicable governmental approvals. Improvements include newer upper-level windows, storefront windows and select main-level renovations. Convenient access to I-44, I-55, I-64, downtown St. Louis and surrounding neighborhoods. Property is offered AS-IS, WHERE-IS; seller will make no repairs. Seller financing may be available to qualified buyers submitting a full-price offer, subject to underwriting, seller approval and definitive financing documents. Buyer must independently verify zoning, permitted uses, occupancy requirements and redevelopment approvals. Also listed in the Commercial category under 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.

Keeps it in your Saved list.