3628 Arkansas AVE St Louis, MO 63118
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 2,670 sqft
Price per Sqft $112
Subdivision Bells Add
MLS Listing ID 26057490
Style Traditional
Year Built 1960
Annual Tax Amount $1,960
Lot Size 5,000 Sqft
Acres 0.1148
Property Sub-Type 2-4 Units
Property Description
Each unit is currently rented at $750/month, producing $3,000 in gross monthly rent and $36,000 annually. At the new asking price, that's approximately a 12.0% gross rent yield based on current rents. Three of the four units are currently occupied by Section 8 tenants.
Tenants are responsible for their own electric and gas. Owner pays water, sewer, trash, and landscaping. Property is currently professionally managed, making this an attractive opportunity for an investor looking to add a stabilized multifamily asset to their portfolio.
Please do not disturb tenants. No showings without an accepted contract. Rent roll, leases, tenant ledgers, and occupancy permits are available for review. Buyer and buyer's agent to verify all financial information, rents, expenses, and property details.
Location
State MO
County St Louis City
Area 2 - Central East
Rooms
Basement Full, Interior Entry, Storage Space, Unfinished
Interior
Interior Features Center Hall Floorplan
Heating Forced Air, Gas
Cooling Ceiling Fan(s), Central Air
Flooring Hardwood, Laminate, Linoleum
Fireplace Y
Appliance Electric Range, Gas Range, Refrigerator
Laundry In Basement
Exterior
Utilities Available Cable Available
View Y/N No
Private Pool false
Building
Lot Description Back Yard, City Lot, Few Trees
Story 2
Water Public
Level or Stories Two
Structure Type Brick
Schools
Elementary Schools Froebel Elem.
Middle Schools Fanning Middle Community Ed.
High Schools Roosevelt High
School District St. Louis City
Others
Ownership Private
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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