Oct. 20, 2010

A stone’s throw away from the newly completed mural project at St. John and Askew avenues is a grand, three-story triplex that is in excellent condition and could be a real steal for a savvy investor or a large family looking for a great property to call home.

The triplex at 3434 Morrell St. is currently owned by the Jesuits of the Missouri Province and was occupied by a Catholic priest for the past 20 or so years. During his residency there, Father Joe oversaw the ongoing renovation and restoration of the property from his residence on the third floor of the converted home.

There are three units in the house, one on each floor. Each has been meticulously maintained and kept at the highest standards, given there was an on-site landlord and property manager.

Each unit is roughly 1,200 square feet and features two large bedrooms and a full bath. The second floor unit is accessed by a set of exterior stairs in the back, just off the large gravel parking area. The third floor unit is accessed via the inside stairway.

The hardwood floors have been retained in the first floor unit and are in very good condition, too. The large square footage per unit means the all the rooms in the house are spacious and can accommodate large furniture pieces without looking cluttered.

Mechanically, the home features a number of updates for modern living. Separate utility meters for each unit make utility billing a breeze. Climate control has been updated to forced-air gas furnaces and window A/C units.

The property is located within Scarritt’s Urban Renewal Area, so tax credits are available for ongoing rehab work or de-converting back to single family status. The vacant lot alongside the property is included in the sale making parking off the street easy as well.

Listed by Mike Tiehen of Tiehen Realty, the property is aggressively priced at only $65,000. For a complete slide show of the property, visit Mike’s website at www.tiehenrealty.com. To schedule an exclusive showing of the property, e-mail Mike at mike@tiehenrealty.com or call him at (913) 208-0085.

– Michael Bushnell