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$599,900
26053000 MLS ⋅ ACTIVE Status
Welcome to an investor’s dream in a superb location! Situated within walking distance to local coffee shops, restaurants, and the Missouri Botanical Garden, this 4-family property offers a great opportunity to add a fully occupied, income-producing property to your portfolio. Each of the four units features 2 bedrooms and 1 bathroom and has been thoughtfully updated with newer flooring, fresh paint, updated light fixtures, kitchens, and bathrooms. The building is currently fully occupied with tenants in place, providing steady and reliable income from day one. Outside, the property also features convenient off-street parking located behind the building, a huge bonus for tenants in this area. With updated units, strong rental potential, and an excellent location close to some of St. Louis’ most popular attractions, this is a great opportunity for an investor looking for a solid multifamily property with the hard work already completed. Don’t miss your chance to add four great units to your portfolio!

2037 Maury Ave, St Louis
$499,500
26037176 MLS ⋅ ACTIVE Status
Four-family investment opportunity in the highly desirable Southwest Garden neighborhood, just minutes from the Missouri Botanical Garden, Barnes-Jewish Hospital, Washington University Medical School, Forest Park, and Tower Grove Park. This 3,536 sq. ft. building features four true 1-bedroom units, each approximately 775 sq. ft. Two units are currently occupied, with one vacant unit offering an excellent opportunity for an owner-occupant or value-add investor. Each unit includes central heating and cooling, and the basement provides dedicated laundry hookups for each apartment. The building offers multiple paths to increase income. Rents may be raised with existing layouts, and there is potential to convert the units from 1-bedroom to 2-bedroom layouts by creating a front bedroom and opening the kitchen to the living area with a possible island-style layout. Recent rental data supports strong upside. Average 1-bedroom apartment rents are $1,378, based on 23 one-bedroom rentals within the past 6 months in a 1.5-mile radius. Average 2-bedroom rents are $1,578, based on 5 two-bedroom, one-bath rentals within the past 18 months in a 0.5-mile radius. Tenants are long term tenants that have not had a rent increase. Recent sales of four-family properties in nearby have ranged from the mid-$500,000s to $850,000. Major improvements include a 6-year-old TPO roof, mostly replaced vinyl windows, PVC plumbing stacks, drains, and lateral. Additional features include a fenced backyard and rear parking pad. Strong location, functional layouts, existing occupancy, and value-add upside make this a compelling opportunity in one of St. Louis’ most convenient and desirable rental corridors.

4614 Shenandoah Ave, St Louis