Four-family investment opportunity in the highly desirable Southwest Garden neighborhood, just minutes from the Missouri Botanical Garden, Barnes-Jewish Hospital, Washington University Medical School, Forest Park, and Tower Grove Park. This 3,536 sq. ft. building features four true 1-bedroom units, each approximately 775 sq. ft. Two units are currently occupied, with… Read More one vacant unit offering an excellent opportunity for an owner-occupant or value-add investor. Each unit includes central heating and cooling, and the basement provides dedicated laundry hookups for each apartment. The building offers multiple paths to increase income. Rents may be raised with existing layouts, and there is potential to convert the units from 1-bedroom to 2-bedroom layouts by creating a front bedroom and opening the kitchen to the living area with a possible island-style layout. Recent rental data supports strong upside. Average 1-bedroom apartment rents are $1,378, based on 23 one-bedroom rentals within the past 6 months in a 1.5-mile radius. Average 2-bedroom rents are $1,578, based on 5 two-bedroom, one-bath rentals within the past 18 months in a 0.5-mile radius. Tenants are long term tenants that have not had a rent increase. Recent sales of four-family properties in nearby have ranged from the mid-$500,000s to $850,000. Major improvements include a 6-year-old TPO roof, mostly replaced vinyl windows, PVC plumbing stacks, drains, and lateral. Additional features include a fenced backyard and rear parking pad. Strong location, functional layouts, existing occupancy, and value-add upside make this a compelling opportunity in one of St. Louis’ most convenient and desirable rental corridors. Read Less
Listing courtesy of Invest St. Louis, 314-325-6201.
Listing Snapshot
Days Online
41
Last Updated
Property Type
2-4 Units
Square Ft.
3,536
Lot Size
0.11 Acres
Year Built
1925
MLS Number
26037176
Additional Details
Appliances & Equipment
Gas Water Heater
Building
Above Grade Finished Area: 3536 Sq.Ft., Above Grade Finished Area Source: Other, Architectural Style: Traditional, Construction Materials: Brick, Levels: Two, Living Area: 3536 Sq. Ft., Number Of Units Total: 4, Year Built: 1925
Community
Neighborhood: Southwest Garden
Cooling
Cooling: "Gas", "Central Air"
Disclosures
Disclosures: Agent Owned
Fence
Fencing: Fenced
Heating
Heating: "Forced Air", "Natural Gas"
Home Owner's Association
Fee: 0
Income
Net Operating Income: 10393
Laundry
Features: Common Area
Lot
Lot Size Acres: 0.1102, Lot Size Source: Public Records, Lot Size Square Feet: 4800.31 Sq.Ft.
Parking
Features: "Off Street", "On Street"
Property
Property Sub Type: 2-4 Units
Taxes
Annual Tax Amount: 5495, Tax Legal Description: C. B. 4098 N SHENANDOAH AVE 40 FT X 120 FT SHAWS GARDEN ADDN BLK B LOT 4, Tax Year: 2024
Utilities
Water Source: Public
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Data Exchange.
Listings courtesy of Mid America Regional Information Systems Data Exchange as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information.
Confirm your time
Fill in your details and we will contact you to confirm a time.
or message me directly
Find My Dream Home
Put an experts eye on your home search! You’ll receive personalized matches of results delivered direct to you.
Import This Listing
Import Completed
To view your listing, click one of the options below.