UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,536 sqft
Price per Sqft $53
Subdivision Orchard Place Add
MLS Listing ID 26006712
Style Other
Year Built 1916
Annual Tax Amount $379
Lot Size 4,599 Sqft
Acres 0.1056
Property Sub-Type 2-4 Units
Property Description
The occupied 2-bedroom, 1-bath unit is leased on a month-to-month basis at $800 per month, with rents currently below market, offering a clear path to increased income over time. The other 3 bed 2 bath is also occupied at $1350 with a 1 yr lease expiring in May 2027.
Recent improvements include approximately $18,000+ in updates, including plumbing repairs, water heater installation, bathroom updates, and general unit stabilization. Two units feature newer HVAC systems, and the roof is approximately eight years old, helping to reduce near-term capital expenditures.
Based on area rental data, projected rents are approximately $1,200–$1,500 for the 3-bedroom unit and $850–$1,050 for the 2-bedroom units, creating a potential stabilized gross income in the $2,800–$3,200/month range.
The vacant townhouse unit provides an opportunity for owner-occupancy or immediate lease-up to maximize returns.
Conveniently located near Ranken Technical College, the new NGA campus, major highways, and local amenities, this property is well positioned for continued rental demand. Ideal for investors seeking a value-add asset with improvements already completed and strong income potential.
Location
State MO
County St Louis City
Area 5 - North
Rooms
Basement Block, Unfinished
Interior
Heating Forced Air
Cooling Central Air
Fireplace N
Exterior
Parking Features false
View Y/N No
Building
Structure Type Brick
Schools
Elementary Schools Farragut Elem.
Middle Schools Yeatman-Liddell Middle School
High Schools Vashon High
School District St. Louis City
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Listing As Is
Nearby School & Business
Get More Information
Joe LoPiccolo
Broker Associate | License ID: 2005026477
Broker Associate License ID: 2005026477