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1 Year Old! Tax Abated! 3 Family in Central West End!

This fantastic opportunity has great rents, fully occupied, and a great return!   Perfect for the owner occupant. 10 year tax abatement!   Click here for more information and an investment pro-forma.   Great Investment!

4380 Olive st st louis mo 63108 front facade4380 Olive owner occupant multifamily townhome

Interested in VRBO or AirBnB short term rentals?   Check out our Short term rentals page!

Latest Multifamily Properties For Sale

$235,000
26055829 MLS ACTIVE Status
Investors and house hackers, check out this rehabbed duplex - bright and airy units in the heart of Benton Park West, steps from both Cherokee Street and South Grand. Soaring ceilings, exposed brick in open-concept living area with In-Unit Laundry for easy living. ALL the heavy lifting was done in 2019, with TPO roof, large "garage-port", new HVAC / electric / plumbing / water heaters, and PVC stacks. The updated kitchens feature granite countertops and stainless appliances (dishwasher, microwave, range, fridge). The 1F unit has 2-beds, 1-bath, in-unit laundry hookups (machines owned by tenant), rented for $950 month-to-month. The 2F unit has 2-beds, 2-baths (with an en suite master bedroom), and in-unit laundry (machines provided for tenant use), recently vacated; tenant was paying $1,375.  It's just 2 blocks to Cherokee Street for tacos, coffee, or music and dancing, and a short bike ride to Tower Grove Park, South Grand, Benton Park, or Soulard. Major highways are close by, making for an easy commute. 1F is occupied and can be shown with an accepted offer, but 2F, basement and exterior can be viewed with an appointment. Rentometer indicates an average of $1223 for a 2/1 and $1499 for a 2/2. With existing rents of $950 and most recent rent of $1375 the gross annual income is $27,900. Less annual operating expenses of $7601, the NOI is $20,299, making this an 8.63% cap rate at asking price. Ask your agent for financials, and make this the next addition to your portfolio!

3104 Wyoming St, St Louis

$285,000
26055885 MLS ACTIVE Status
Investors and house hackers, this is a unicorn; see the end of the marketing remarks for specifics. First, let’s talk building information. This spacious brick duplex in desirable Princeton Heights (one of the gems of South City) is within walking distance of Willmore Park, Carondelet Park, hatch’d STL, Onesto, and Aldi. Each unit features a living room with stained glass windows, eat-in kitchen, two bedrooms, one bathroom, and a sunroom that’s perfect for enjoying morning coffee. Capital expenditures done to improve the property within the last several years include central air throughout, a new roof, chimney tuck pointing, and some new windows. Outside you’ll find a fenced backyard and off-street parking for two cars. 1F is occupied by long term tenants of 20 years (with minimal rent increases). 2F was occupied by a long-term tenant of 10 years until July, with the most recent rent being $1100. A passing occupancy permit is in place for the vacant 2F, allowing for immediate move-in. Roof is new within the last several years. Condenser units are circa 2020/2021, water heaters circa 2018/2020. Stack is partially PVC. Electric panels are circuit breakers. Some new windows. ***Now let’s talk unicorn details: Seller STRONGLY prefers seller financing for tax reasons! However, not every buyer will qualify - must have good credit, a minimum of $20K down payment, and experience with being a landlord. Strong buyers will be offered 6% seller financing for the balance; other candidates may be considered with a higher interest rate.*** Ask your Realtor for the disclosures and additional information available in the supplements.

4977 Quincy St, St Louis

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