33
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$184,900
Est. payment /mo
3,494 SqFt
Active
3530 Arkansas AVE St Louis, MO 63118
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Key Details
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,494 sqft
Price per Sqft $52
Subdivision St Louis Commons Add
MLS Listing ID 26051027
Style Traditional
Year Built 1909
Lot Size 6,250 Sqft
Acres 0.1435
Property Sub-Type 2-4 Units
Property Description
INVESTOR SPECIAL IN GRAVOIS PARK! All-brick four-family with four 1-bedroom units, priced for the value-add buyer. One unit is currently leased at $650/month. The remaining three units are vacant and need repairs and updates, giving the next owner the chance to renovate, set rents, and place tenants of their choosing.
Market rents for comparable 1-bedroom units in the area run approximately $850-$1,000/month depending on the level of renovation. With three units brought to market rent, projected gross income is approximately $3,200-$3,650/month, with further upside as the current lease turns over.
Located in Gravois Park, minutes from Cherokee Street and Tower Grove Park, with an easy commute to Saint Louis University and Harris-Stowe State University. Nearby parks, dining, shopping and entertainment support steady rental demand. A strong fit for investors looking to force appreciation and grow a rental portfolio, or for an owner-occupant who wants to live in one unit and renovate the others over time.
Market rents for comparable 1-bedroom units in the area run approximately $850-$1,000/month depending on the level of renovation. With three units brought to market rent, projected gross income is approximately $3,200-$3,650/month, with further upside as the current lease turns over.
Located in Gravois Park, minutes from Cherokee Street and Tower Grove Park, with an easy commute to Saint Louis University and Harris-Stowe State University. Nearby parks, dining, shopping and entertainment support steady rental demand. A strong fit for investors looking to force appreciation and grow a rental portfolio, or for an owner-occupant who wants to live in one unit and renovate the others over time.
Location
State MO
County St Louis City
Area 2 - Central East
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
Parking Features false
View Y/N No
Building
Structure Type Brick
Schools
Elementary Schools Froebel Elem.
Middle Schools Long Middle Community Ed. Center
High Schools Roosevelt High
School District St. Louis City
Others
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Special Listing Condition Standard
Listed by Destiny Minor • EXP Realty, LLC
NEARBY SCHOOL & BUSINESS
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