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$314,900
26057490 MLS ACTIVE Status
Excellent investment opportunity at 3628-3630 Arkansas Ave! This fully occupied 4-family property offers four 1-bedroom, 1-bath units, providing immediate rental income from day one. Each unit is currently rented at $750 per month, generating $3,000 in gross monthly income and $36,000 in annual gross rental income. Offered at $314,900, the property provides an attractive 11.43% gross rent yield based on current rents. Three of the four units are currently occupied by Section 8 tenants, providing an established rental history and income stream. Tenants are responsible for their own electric and gas utilities. Owner pays water, sewer, trash, and landscaping. A great opportunity for an investor looking to add a fully occupied multifamily asset to their portfolio with existing management and tenants already in place. Please do not disturb tenants. Property to be sold subject to tenants' rights. Buyer to verify all financial information, rents, expenses, and property details.

3628 Arkansas Ave, St Louis

$575,000
26032559 MLS ACTIVE Status
Immediate stream of income. Beautiful mixed-use property. 5 residential units and 1 commercial space. Commercial space is a daycare on a lease paying $1250 per month. The 5 residential units bring in another $3,395 per month. There is 1 large efficiency unit, 1 one bedroom lofted unit, top 2 floors is a massive 2 bedroom townhome (a must see) and 2 two-bedroom townhouse units. Great back-yard courtyard with brick and landscaping. There are 5 parking spaces off street and plenty on on-street parking. Every square foot has central air and forced air heat. All units have w/d hook-up and some have fireplaces. All units occupied with long term, responsible tenants long term tenants.3 Tenants are Section 8. Do not let this property pass you up. This is not a typical building in the area. Shows well. Do not disturb tenants.

3401 Chippewa St, St Louis