Multi-Family $ 300,000

6146 Morganford RD

St Louis, MO 63116

  • 2,552 SqFt
  • 1942 Year Built
Turnkey, Fully Occupied 4-Family Investment Opportunity in Bevo Mill, located just blocks from Carondelet Park and Christy Park, this well-maintained 4-family building offers an excellent opportunity to grow your investment portfolio. Each unit features a true bedroom in the rear and one full bathroom. The property is currently generating a Net Operating Income (NOI) of $26,231, with rents currently below market, offering upside potential. Three of the four units present an opportunity for value-add upgrades to achieve market-rate rents this fall. Key Updates and Features: All four units have brand-new HVAC systems installed in December 2024. Sewer lines under the building were upgraded to PVC in 2024, including both stacks and partial replacement to the yard vent (connection to the city main is unknown). Three of the four water heaters have been replaced within the past six years. The rear parking pad provides off-street parking for all four tenants. All units are currently leased. This is a low-maintenance property that has been well-maintained. Tenants will not be disturbed without an accepted contract. Viewings of the basement may be arranged for serious buyers with proof of funds and the listing agent accompanying. Please note: Sellers won't consider offers involving seller creative financing. However, we welcome offers that are cash or backed by Conventional, Cash, or private financing.
Listed by Real Broker LLC

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Sub Type 2-4 Units

    Listing Status Active Under Contract

    Purchase Type For Sale

    Square Footage 2, 552 sqft

    Price per Sqft $117

    Subdivision Carondelet Parkview Add

    MLS Listing ID 25046831

    Style Apartment Style

    Year Built 1942

    Annual Tax Amount $2,931

    Acres 0.1047

    Property Sub-Type 2-4 Units

  • Location

    State MO

    County St Louis City

    Area 3 - South City

  • Rooms

    Basement Full, Unfinished

  • Building

    Story 2

    Water Public

    Level or Stories Two

    Structure Type Brick

  • Interior

    Heating Forced Air, Natural Gas

    Cooling Central Air

    Fireplaces Type None

    Fireplace Y

    Appliance Gas Cooktop, Dishwasher, Disposal, Gas Oven, Gas Range, Refrigerator

    Laundry In Basement, Common Area, Electric Dryer Hookup, Washer Hookup

  • Exterior

    Exterior Feature Entry Steps/Stairs

    Parking Features false

    View Y/N No

    Roof Type Flat

    Private Pool false

  • Schools

    Elementary Schools Woerner Elem.

    Middle Schools Long Middle Community Ed. Center

    High Schools Roosevelt High

    School District St. Louis City

  • Others

    Ownership Private

    Acceptable Financing Cash, Conventional, Private

    Listing Terms Cash, Conventional, Private

    Special Listing Condition Standard

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