Multi-Family $ 699,900

4731-4737 Alaska

St Louis, MO 63111

  • 8,000 SqFt
  • 0.3 Lot Size
  • 1916 Year Built
8 Unit Package in 2 separate 4 family buildings, being sold at a 9.5% cap rate. 100% turnkey and generating a NOI of $66k, these buildings have a little something for anyone seeking cashflow! Two 2 bd Units, Six 1 bd units, one of which is furnished. A two car garage and a 2 car parking pad are included behind the spacious fenced yards. Stable tenancy is longer term and mostly are at market rates (one exception is a little low). Tenants have been thoroughly vetted and pay electronically and on time. Five Units have Electronic door locks which minimize key management concerns. Tons of updates 2016-2020 include moderately to nicely updated kitchens and baths, new sewers, one new roof, and a new city water line (4735-4737). Forced Air and Central AC in all units. 4735-37 are nearly identical in finishes with new shaker cabinetry, countertops, tile, flooring, stainless steel appliances. 4731-33 are all updated, more modestly but with full kitchens and 4 peice appliance sets, 2 units have clawfoot tubs (2FL) and 2 have tub/shower combos. Photos for all units linked the downloadable supporting docs. Seller has completed full inspections on both buildings and the units and they are provided in the supplements along with financials.

Agent has a relationship with ownership, and they are ready to buy thier next building! Two Parcels, Seller prefers to sell as a package and close before Christmas. We have connections to DSCR lenders offering 6.5% interest rates on 25 year amortization, as well we can consider conventional loans so long as the income method of appraisal will be utilized.

Seller will not finance, or accept any sort of “creative” offer. Must relinquish property entirely, using 1031 exchange. Please download the OM for details and deeper financial information, additional pictures and video.

Video tour available is of the furnished unit. Some furnishings may have changed slightly. Check OM for link to receipts, inspections, photos of each unit, leases, occupancy certificates and more.INSPECTIONS HAVE BEEN PROVIDED by Seller 10/2025 and are linked in the OM. Some still coming in, and some repairs will be completed. 4735 Sewer has been repaired (small break near city main) 10/23/2025 and both are now in open and servicable condition with no recommended repairs.
Listed by Real Broker LLC

VIRTUAL TOUR

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Sub Type 5 Family or More

    Listing Status Pending

    Purchase Type For Sale

    Square Footage 8, 000 sqft

    Price per Sqft $87

    Subdivision St Louis

    MLS Listing ID 25057610

    Style Traditional

    Year Built 1916

    Annual Tax Amount $3,478

    Lot Size 0.300 Acres

    Acres 0.3

    Property Sub-Type 5 Family or More

  • Location

    State MO

    County St Louis City

    Area 3 - South City

  • Rooms

    Basement Unfinished, Walk-Up Access

  • Building

    Lot Description Back Yard, Front Yard, Many Trees

    Story 2

    Water Public

    Level or Stories Two

    Structure Type Brick

  • Interior

    Heating Electric, Forced Air

    Cooling Ceiling Fan(s), Central Air

    Flooring Ceramic Tile, Wood

    Fireplace Y

    Appliance Dishwasher, Built-In Electric Oven, Refrigerator

    Laundry In Basement, Electric Dryer Hookup, Washer Hookup

  • Exterior

    Exterior Feature Private Yard

    Parking Features true

    Garage Spaces 2.0

    Fence Back Yard, Fenced, Wood

    Pool None

    Utilities Available Cable Available

    View Y/N No

    Roof Type Flat

    Private Pool false

  • Schools

    Elementary Schools Woodward Elem.

    Middle Schools Long Middle Community Ed. Center

    High Schools Roosevelt High

    School District St. Louis City

  • Others

    Ownership Private

    Acceptable Financing 1031 Exchange, Cash, Conventional

    Listing Terms 1031 Exchange, Cash, Conventional

    Special Listing Condition Package

    Virtual Tour https://youtu.be/gUUC6Eed_hU?si=1El9NpI9vDdZsHHl

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