1904 Cherokee ST Active Save Request In-Person Tour Request Virtual Tour
St Louis,MO 63118
Key Details
Property Type Multi-Family
Sub Type Multi-Family 5+
Listing Status Active
Purchase Type For Sale
Subdivision Julia C Soulards Add 02
MLS Listing ID 24073702
Year Built 1890
Building Age 134
Lot Size 3,123 Sqft
Property 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%
Location
State MO
County St Louis City
Area Central East
Interior
Heating Forced Air
Cooling Electric
Building
Sewer Public Sewer
Water Public
Schools
Elementary Schools Monroe Elem.
Middle Schools Fanning Middle Community Ed.
High Schools Roosevelt High
School District St. Louis City
Others
Acceptable Financing Cash Only,Conventional,Exchange
Listing Terms Cash Only,Conventional,Exchange
Special Listing Condition None