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Lynne Hart

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

$1,700,000

Est. payment - /mo

12,614 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 Family or More

Listing Status Active

Purchase Type For Sale

Square Footage 12,614 sqft

Price per Sqft $134

Subdivision Kingshighway Terrace Add

MLS Listing ID 26054926

Style Apartment Style

Year Built 1966

Annual Tax Amount $9,998

Lot Size 0.314 Acres

Acres 0.314

Property Sub-Type 5 Family or More

Property Description

Welcome to Chadwell Arms! This brick, two-story, 20-unit building in the heart of St. Louis City's Princeton Heights neighborhood, is currently 95% occupied with strong, stable cash flow bringing in roughly $169,000 a year in gross rental income. Many units have been recently renovated with new flooring, updated kitchens featuring new countertops and cabinetry, and modernized bathrooms, and the basement laundry room has been updated as well, offering tenants convenient on-site coin laundry and you another income generating opportunity. Parking is a breeze with a private rear lot offering 15 spaces in addition to street parking. Tucked into a quiet, tree-lined pocket near where Kingshighway meets Gravois, the building has a genuine neighborhood feel with easy access to local shops, schools, grocery stores, and gas stations, plus neighborhood dining favorites like Onesto's Pizzeria, Pizzeria Tivoli, and Cafe Nova just minutes away. Outdoor space is close by too, with Joseph R. Leisure Park and Christy Park just a few blocks away and Wilmore Park a short drive down Gravois. Commuters will appreciate quick access to both I-55 and I-44, putting all of Downtown St. Louis within easy reach. A move-in-ready, turnkey investment offering both immediate cash flow and long-term stability.

Location

State MO

County St Louis City

Area 3 - South City

Rooms

Basement 8 ft + Pour, Concrete, Full, Storage Space, Unfinished, Walk-Out Access

Interior

Interior Features Dining/Living Room Combo, Laminate Counters, Storage

Heating Forced Air, Natural Gas

Cooling Central Air, Electric

Flooring Carpet, Concrete, Laminate, Vinyl

Fireplace N

Appliance Free-Standing Gas Range, Refrigerator, Free-Standing Refrigerator, Gas Water Heater

Laundry In Basement, Common Area

Exterior

Exterior Feature Balcony

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

View Y/N No

Roof Type Flat,Membrane

Private Pool false

Building

Lot Description Corner Lot, Level

Story 2

Water Public

Level or Stories Two

Structure Type Brick,Concrete

Schools

Elementary Schools Buder 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 Standard

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Listed by David Nations • Keller Williams Realty St. Louis

Nearby School & Business

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Lynne Hart

+1(314) 324-6907

Agent License ID: 2015021561

4770 Kings DR St Louis, MO 63116

Lynne Hart

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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