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Lynne Hart

lynne@saintlouisrealestate.co +1(314) 324-6907

$775,000

Est. payment - /mo

5,800 SqFt

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Key Details

Property Type Multi-Family

Sub Type 5 Family or More

Listing Status Active

Purchase Type For Sale

Square Footage 5,800 sqft

Price per Sqft $133

Subdivision Louisiana Heights Add

MLS Listing ID 26041459

Style Historic

Year Built 1963

Annual Tax Amount $4,103

Lot Size 5,828 Sqft

Acres 0.1338

Property Sub-Type 5 Family or More

Property Description

Turnkey 8-family investment opportunity! This fully renovated apartment building offers immediate cash flow with the major capital improvements already completed, allowing a new owner to focus on maximizing returns instead of costly renovations. The property features four 1-bedroom units and four 2-bedroom units with extensive renovations completed throughout 2023-2025. Every apartment has been updated with modern finishes including new flooring, fresh paint, updated kitchens with new countertops, sinks, faucets and appliances, renovated bathrooms, new lighting, doors, trim, blinds, and updated electrical devices. Major mechanical improvements include new through-wall A/C units and seven new furnaces, providing long-term reliability and reduced maintenance. The common areas have also been completely refreshed with new carpet, LVP flooring, stair treads, updated lighting, professionally restored railings, cleaned basement, tenant storage areas, washer/dryer hookups, and an owner storage room. Exterior improvements include a newer roof (2022), exterior lighting, landscaping improvements, and off-street parking for approximately five vehicles. Current annual gross rental income is approximately $80,880 with professional property management already in place. Operating expenses are well documented, making underwriting simple for investors. This is an ideal acquisition for buyers seeking a stabilized, low-maintenance multifamily asset with significant recent capital improvements and long-term appreciation potential. The property is fully occupied so showings are with an accepted contract.

Location

State MO

County St Louis City

Area 3 - South City

Rooms

Basement 8 ft + Pour, Walk-Up Access

Interior

Heating Forced Air, Natural Gas

Cooling Wall Unit(s)

Flooring Luxury Vinyl

Fireplace Y

Appliance Stainless Steel Appliance(s), Dishwasher, Electric Oven, Refrigerator

Laundry In Basement

Exterior

Parking Features false

Fence Chain Link

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

Roof Type Flat

Private Pool false

Building

Lot Description Level

Story 2

Water Public

Level or Stories Two

Structure Type Brick

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, Other

Listing Terms 1031 Exchange, Cash, Other

Special Listing Condition Standard

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Listed by Brian Miller • Mogul Realty

Nearby School & Business

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Lynne Hart

+1(314) 324-6907

Agent | License ID: 2015021561

Agent License ID: 2015021561

4615 Virginia AVE St Louis, MO 63111

Lynne Hart

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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