1904 Cherokee Street , St Louis, MO 63118
St Louis, MO 63118
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
| Mls | 24073702 |
|---|---|
| Listing Type | For Sale |
| Style | Attachd |
| Subtype | Resale |
| Status | Active |
| Year | 1890 |
| Days On Site | 10 |
| Listing Provided By | The Agency | Anthony Klier |
Features
| Units | 6 |
|---|---|
| Acreage | 0.07 |
Market Activity 63118
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| State | MO |
|---|---|
| County | St Louis City |
| City | St Louis |
| Zip Code | 63118 |
| Area | Central East |
| Community Name | Julia C Soulards Add 02 |
| School District | Roosevelt High |
| Elementary School | Monroe Elem. |
| Middle School | Fanning Middle Community Ed. |
| High School | Roosevelt High |
| Listing VS Median (in Julia C Soulards Add 02) | |
Price: $760,000 low | high Med: $0 On Site: 10 low | high Med: | |