Remarks

6 apartment units in beautiful Benton Park, fully leased and currently generating $6,925/month in income.

This property brings in $83,100/annually and with the expenses being $16,532/annually, this makes the in-place cap rate an attractive 8.21%.

Every unit is fully updated with in-unit laundry, hardwood floors & nice finishes throughout.

The Benton Park location is walking distance to Benton Park Cafe, Venice Cafe, Blue City Deli, Saturn Lounge Record Bar, Gus’s Pretzel, Peacemaker Lobster & Crab, Frazier’s Restaurant, Imos Pizza, Station #3 Vegan Food, & many more.

This sale includes 6 units among 2 buildings with a shared courtyard. All units are 1bed/1bath and rents range from $1025-$1250/month.

Amazing investment opportunity to own 6 units in one of the best areas of St Louis City, fully leased with great rents.

Brings in $6,925/month currently or $83,100/annually

Expenses are $1377/month or $16,532/annually

The in-place cap rate is 8.21%

Details

MLS#: 24073702
Price: $760,000

Style: Multi-Family 5+
Year Built: 1890

County: St Louis City
Subdivision: Julia C Soulards Add 02
Lot Size: 25x125
Tax Fee: 907

School Elementary: Monroe Elem.
School Middle: Fanning Middle Community Ed.
School High: Roosevelt High
School District: St. Louis City