UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 4,054 sqft
Price per Sqft $83
Subdivision St Louis Add
MLS Listing ID 26054630
Style Traditional
Year Built 1916
Annual Tax Amount $2,128
Lot Size 6,390 Sqft
Acres 0.1467
Property Sub-Type 2-4 Units
Property Description
Four Family, Turnkey and fully occupied. Sold at a 10% cap rate. 100% turnkey and generating a NOI of $35,632k, these buildings have a little something for anyone seeking cashflow! Two 2 bd Units, 2 1 bd units, each with open kitchen to living area layout. 2-car parking pad behind the spaciously fenced yard. Stable tenancy, market rates, one coming available in October could be an owner Occupied unit. The last opening was filled in a week and left a line of tenants looking for other apartments to open up. Tenants have been thoroughly vetted and pay electronically and on time. 3 Units have electronic door locks which minimize key management concerns. Tons of updates 2019-2020 include moderately to nicely updated kitchens and baths, new sewer, a new roof, and a new city water line. Forced Air and Central AC in all units, 2 new furnaces 2024-2025. 4735-37 are nearly identical in finishes with new shaker cabinetry, countertops, tile, flooring, stainless steel appliances. Photos for all units linked the downloadable supporting docs and 3D Tours of many are available upon request. Seller completed full inspections on both buildings in October 2025 reports are provided in the supplements along with financials, receipts for major work also provided.
Two Parcels, Seller prefers to sell as a package but will separate. Be sure to check with your lender on the type of insurance they require, some lenders may require Full Replacement Value which is a bit of a sledgehammer to a thumbtack, but it will cause your insurance to be higher than sellers - so check on the requirements and get a quote while you're considering your offer.
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. All must be reviewed and acknowledged in any offer. Buyers will be responsible for converting electronic door locks, and utilities to their own accounts after closing.
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.
Location
State MO
County St Louis City
Area 3 - South City
Rooms
Basement Full, Unfinished
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Ceramic Tile, Hardwood, Luxury Vinyl, Tile, Varies
Fireplace N
Appliance Dishwasher, Range, Built-In Electric Range, Electric Range, Refrigerator, Gas Water Heater
Laundry In Basement, Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
Exterior
Exterior Feature Balcony
Parking Features false
Utilities Available Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
View Y/N No
Roof Type Flat
Private Pool false
Building
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
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Package, Standard
Virtual Tour https://my.matterport.com/show/?m=c2n5SHYekFq
Nearby School & Business
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