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Lynne Hart

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

$1,150,000

Est. payment - /mo

8,212 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 8,212 sqft

Price per Sqft $140

Subdivision Soulard

MLS Listing ID 26065792

Style Historic

Year Built 1884

Annual Tax Amount $2,878

Property Sub-Type 5 Family or More

Property Description

NEARLY $10,000 A MONTH IN PROJECTED RENT. SIX UNITS. TWO BUILDINGS. ONE SOULARD ACQUISITION. Offered together at $1,150,000, this package projects $9,937 in monthly gross rent—$119,244 annually—following completion and full lease-up. That is $40,000 below the combined individual asking prices. All six residences are 2-bedroom, 1-bath units across two adjoining parcels. The four-family at 2018–2020 is fully gut rehabbed; the two-family at 2016 is under construction with expected completion December 1, 2026. The renovation scope includes new A/C, furnaces, water heaters, roofs, appliances, kitchens and baths. Once completed, those new systems can reduce maintenance calls and near-term repair costs, leaving more income available after expenses and making a six-unit portfolio easier to manage yourself. Completed interiors feature quartz counters, stainless appliances, matte black fixtures, wide-plank flooring and marble-look tile, with retained exposed brick. Two existing leases generate $3,337 per month; the remaining four units are modeled at $1,650 each. Planned rear improvements include gated asphalt parking and a resident turf area. Approximately 8,212 SF of reported building area and a 93 Walk Score. Rental projections are gross income before expenses and depend on completion and lease-up. Interior photos depict the completed four-family.

Location

State MO

County St Louis City

Area 2 - Central East

Rooms

Basement Concrete

Interior

Heating Forced Air

Cooling Central Air

Fireplace N

Exterior

View Y/N No

Building

Water Public

Structure Type Brick

Schools

Elementary Schools Sigel Elem. Comm. Ed. Center

Middle Schools Fanning Middle Community Ed.

High Schools Roosevelt High

School District St. Louis City

Others

Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, VA Loan

Listing Terms 1031 Exchange, Cash, Conventional, FHA, VA Loan

Special Listing Condition Standard

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Listed by Anthony Klier • The Agency

Nearby School & Business

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Lynne Hart

+1(314) 324-6907

Agent License ID: 2015021561

2016 S 9th ST St Louis, MO 63104

Lynne Hart

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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