Remarks

Welcome to this 8-unit apartment building in charming Bevo. Built with brick and masonry, it delivers 7,695 sf of curb appeal and durability. Inside are six 2-bed and two 1-bed units, all with private bedrooms, updated baths, and lots of original craftsmanship. Most units have LVP flooring in living room and bedrooms; some 2F units have carpet. The building is all electric, and central air was added in 2022. Pex water lines, updated electric panels, mostly PVC stacks. TPO roof (pre-2018 ownership) with 1/3 recently re-covered by seller. Some off-street parking is available. Tenants enjoy close access to public transportation, restaurants, and shopping, and love having just one utility bill. Current rents + $750 pro forma for vacancy = $66,600 gross annual income less 2023 basic op. expenses of $17,627 = $48,973, a 8.5% cap at asking price. This property offers consistent cash flow as is, w/upside opportunity. Ask your agent for SD, rental property verification, & Rentometer report.

Details

MLS#: 24061749
Price: $575,000

Style: Multi-Family 5+
Sq Ft: 7695.0
Year Built: 1927

County: St Louis City
Subdivision: Gravois Morganford Place Add
Lot Size: 56' x 129'
Tax Fee: 3091

School Elementary: Oak Hill Elem.
School Middle: Long Middle Community Ed. Center
School High: Roosevelt High
School District: St. Louis City