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Key Details
Sold Price $499,000
Property Type Multi-Family
Sub Type 5 Family or More
Listing Status Sold
Purchase Type For Sale
Square Footage 7,876 sqft
Price per Sqft $63
Subdivision Holly Hills
MLS Listing ID 25071783
Sold Date 12/05/25
Style Traditional
Year Built 1913
Annual Tax Amount $3,593
Property Sub-Type 5 Family or More
Property Description
EXCEPTIONAL CASH FLOW OPPORTUNITY - 6227 Gravois Avenue
Fully-stabilized 6-unit mixed-use investment delivering PROVEN performance: $52,380 annual NOI with an exceptional 74.5% margin. Thats REAL trailing 12-month data, not projections.
RETURNS: 10.49% Cap Rate | 18% Cash-on-Cash with financing
OCCUPANCY: 100% - All units leased with stable tenants
INCOME MIX: 3 commercial ($3,010/mo) + 3 residential ($2,975/mo) + storage ($200/mo)
BUILDING FEATURES: All-brick construction | Forced heat/central air throughout | Granite counters | Soft-close maple cabinets | Updated bathrooms | Individual utility metering
LOCATION: High-traffic Gravois corridor (15,000+ daily vehicles) | Minutes to I-55/I-44 | 10-15 min to downtown
VALUE-ADD UPSIDE: Rents $100-200/month below market | Zero immediate CapEx needed | Professional management in place
IDEAL FOR: Value investors seeking immediate cash flow | 1031 exchange | Portfolio expansion
Turnkey operation - own from day one with zero rehab required.
Location
State MO
County St Louis City
Area 3 - South City
Rooms
Basement Concrete, Unfinished
Interior
Heating Forced Air
Cooling Central Air
Fireplace N
Appliance Gas Cooktop, Dishwasher, Gas Oven, Refrigerator, Gas Water Heater
Exterior
Parking Features false
Utilities Available Cable Available, Electricity Available, Natural Gas Available
View Y/N No
Building
Story 2
Water Public
Level or Stories Two
Structure Type Brick
Schools
Elementary Schools Buder Elem.
Middle Schools Blewett Middle
High Schools Roosevelt High
School District St. Louis City
Others
Acceptable Financing 1031 Exchange, Cash, Contract, Conventional
Listing Terms 1031 Exchange, Cash, Contract, Conventional
Special Listing Condition Standard
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Bought with Bethany DeMaggio
Nearby Schools & Businesses
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