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(636) 260-2853
Coldwell Banker
3628 Arkansas Ave, St Louis, MO 63118
- $299,900
- 2,670
- SqFt
- List Price
- $299,900
- Price Change
- ▼ $15,000 1791401372
- Days on Market
- 32
- MLS#
- 26057490
- Status
- ACTIVE
- Living Sq. Ft
- 2,670
- Lot Size
- 5,000
- Acres
- 0.11
- Year Built
- 1960
- Subdivision
- Bells Add
- Municipality
- St. Louis City
- County
- St Louis City
- Listing Type
- Multifamily
Property Description
PRICE IMPROVEMENT – Fully Occupied 4-Family Investment Opportunity! Offered at $299,900, this income-producing property at 3628-3630 Arkansas Ave features four 1-bedroom, 1-bath units, all currently occupied and generating immediate rental income. Each unit is currently rented at $750/month, producing $3,000 in gross monthly rent and $36,000 annually. At the new asking price, that's approximately a 12.0% gross rent yield based on current rents. Three of the four units are currently occupied by Section 8 tenants. Tenants are responsible for their own electric and gas. Owner pays water, sewer, trash, and landscaping. Property is currently professionally managed, making this an attractive opportunity for an investor looking to add a stabilized multifamily asset to their portfolio. Please do not disturb tenants. No showings without an accepted contract. Rent roll, leases, tenant ledgers, and occupancy permits are available for review. Buyer and buyer's agent to verify all financial information, rents, expenses, and property details.
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Additional Information
- School District
- St. Louis City
- Elementary School
- Froebel Elem.
- Jr. High School
- Fanning Middle Community Ed.
- Sr. High School
- Roosevelt High
- Parking Description
- Alley Access, Off Street, On Street, Parking Pad
- Cooling
- Ceiling Fan(s), Central Air
- Heating
- Forced Air, Natural Gas
- Water
- Public
- Selling Terms
- Cash, Conventional, FHA
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Listing courtesy of Gateway Real Estate.
Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange. Information From Third Parties, Deemed Reliable But Not Verified
