$760,000
( )
 $4,080 forsale estimated payment Sourced by Back At You

1904 Cherokee Street , St Louis, MO 63118

St Louis, MO 63118

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Description

6 apartment units in beautiful Benton Park, fully leased and currently generating $6,925/month in income. This property brings in $83,100/annually and with the expenses being $16,532/annually, this makes the in-place cap rate an attractive 8.21%. Every unit is fully updated with in-unit laundry, hardwood floors & nice finishes throughout. The Benton Park location is walking distance to Benton Park Cafe, Venice Cafe, Blue City Deli, Saturn Lounge Record Bar, Gus’s Pretzel, Peacemaker Lobster & Crab, Frazier’s Restaurant, Imos Pizza, Station #3 Vegan Food, & many more. This sale includes 6 units among 2 buildings with a shared courtyard. All units are 1bed/1bath and rents range from $1025-$1250/month. Amazing investment opportunity to own 6 units in one of the best areas of St Louis City, fully leased with great rents. Brings in $6,925/month currently or $83,100/annually Expenses are $1377/month or $16,532/annually The in-place cap rate is 8.21%

Details

Mls24073702
Listing TypeFor Sale
StyleAttachd
SubtypeResale
StatusActive
Year1890
Days On Site10
Listing Provided ByThe Agency | Anthony Klier

Features

Units6
Acreage0.07

Market Activity 63118

 Listings courtesy of Maris MLS as distributed by MLS GRID. 

Based on information submitted to the MLS GRID as of December 7, 2024 at 5:21:45 PM PST All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Learn More About This Property

StateMO
CountySt Louis City
CitySt Louis
Zip Code63118
AreaCentral East
Community NameJulia C Soulards Add 02
School DistrictRoosevelt High
Elementary SchoolMonroe Elem.
Middle SchoolFanning Middle Community Ed.
High SchoolRoosevelt High
Listing VS Median (in Julia C Soulards Add 02)
Price:
$760,000
low | high
Med:
$0
On Site:
10
low | high
Med:
Sourced by Back At You
Listing Updated: December 3, 2024 at 1:07:46 PM PST
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