Key Details
Property Type Multi-Family
Sub Type 5 Family or More
Listing Status Active
Purchase Type For Sale
Subdivision Shepards Add
MLS Listing ID 25045848
Style Traditional
Year Built 1910
Annual Tax Amount $1,750
Acres 0.22
Property Sub-Type 5 Family or More
Property Description
Excellent cash-flowing opportunity just minutes from I-55, Anheuser Busch, Lemp Brewery! This fully renovated 9-family building offering privacy and convenience. Unit rents vary from $750-$825 and have been gradually growing as the leases come up for renewal. Additionally a 4 bay commercial building in the front of the lot will be included in the sale. The commercial units can easily be turned into residential units for additional cashflow opportunity.
Each unit has been thoughtfully updated with new electric meters, new water heaters, brand-new electrical, plumbing, new drywall, new hybrid mini splits, ensuring low maintenance for years to come. Interiors feature new hardwood flooring, white shaker cabinets, gas stovetops, refrigerators, and laundry hookups and stackable washer/dryer in dedicated closets. The basement has individual storage lockers dedicated for each unit. All units have private rear access, with the building situated behind a commercial space for added seclusion.
A true turnkey asset in a great rental market—perfect for any investor looking for strong returns and long-term stability.
Location
State MO
County St Louis City
Area 2 - Central East
Rooms
Basement Storage Space
Interior
Heating Electric
Cooling Multi Units, Other
Flooring Hardwood
Fireplace N
Exterior
Parking Features false
View Y/N No
Private Pool false
Building
Level or Stories Three Or More
Structure Type Brick
Schools
Elementary Schools Monroe Elem.
Middle Schools Long Middle Community Ed. Center
High Schools Roosevelt High
School District St. Louis City
Others
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition Standard
Nearby Locations
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "