8,000 SqFt
8,000 SqFt
Key Details
Property Type Multi-Family
Sub Type 5 Family or More
Listing Status Active
Purchase Type For Sale
Square Footage 8,000 sqft
Price per Sqft $81
Subdivision St Louis
MLS Listing ID 25057610
Style Traditional
Year Built 1916
Annual Tax Amount $3,478
Lot Size 0.300 Acres
Acres 0.3
Property Sub-Type 5 Family or More
Property Description
8 Unit Package in 2 separate 4 family buildings, being sold at a 9.63% cap rate. 100% turnkey and generating a NOI of $62.5k, these buildings have a little something for anyone seeking cashflow! Two 2 bd Units, Six 1 bd units, one of which has been recently furnished and continuously making 1550-1800 monthly to travelling professionals / mid-term for 8 years! It is now being unfurnished to support the sale. Airbnb was the reservation vehicle but they will require cancelling any reservation and removing the listing at sale - so its being done in advance. A two car garage and a 2 car parking pad are included behind the spacious fenced yards. Currently was used for seller storage, now it can be yours to rent for storage or to tenants for parking. Stable tenancy, most at market rates, one coming available at end of August could be an opportunity to update a bit or just clean up and re-rent. 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. Five Units have Electronic door locks which minimize key management concerns. Tons of updates 2016-2020 include moderately to nicely updated kitchens and baths, new sewers, one new roof, and a new city water line (4735-4737). Forced Air and Central AC in all units, 3 new furnaces 2024-2025. 4735-37 are nearly identical in finishes with new shaker cabinetry, countertops, tile, flooring, stainless steel appliances. 4731-33 are all updated, more modestly but with full kitchens and 4 peice appliance sets, 2 units have clawfoot tubs (2FL) and 2 have tub/shower combos. Photos for all units linked the downloadable supporting docs and 3D Tours of many are available upon request. Seller has completed full inspections on both buildings in October 2025 reports are provided in the supplements along with financials, receipts for major work also provided.
Agent has a relationship with ownership, and they are ready to buy thier next building! Two Parcels, Seller prefers to sell as a package 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 to convert 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. For the month of August and possibly in September we should have one unit available for showings in the 4731 Building. Please inquire.
Location
State MO
County St Louis City
Area 3 - South City
Rooms
Basement Unfinished, Walk-Up Access
Interior
Heating Electric, Forced Air
Cooling Ceiling Fan(s), Central Air
Flooring Ceramic Tile, Wood
Fireplace Y
Appliance Dishwasher, Built-In Electric Oven, Refrigerator
Laundry In Basement, Electric Dryer Hookup, Washer Hookup
Exterior
Exterior Feature Private Yard
Parking Features true
Garage Spaces 2.0
Fence Back Yard, Fenced, Wood
Pool None
Utilities Available Cable Available
View Y/N No
Roof Type Flat
Private Pool false
Building
Lot Description Back Yard, Front Yard, Many Trees
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
Ownership Private
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Package
Virtual Tour https://youtu.be/gUUC6Eed_hU?si=1El9NpI9vDdZsHHl
Nearby Locations
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