922 Allen Ave, St Louis, MO 63104
- $1,434,000
- 7,732
- SqFt
- List Price
- $1,434,000
- Days on Market
- 1
- MLS#
- 26046055
- Status
- ACTIVE
- Living Sq. Ft
- 7,732
- Lot Size
- 5,397
- Acres
- 0.12
- Year Built
- 1893
- Subdivision
- Allens Add
- Municipality
- St. Louis City
- County
- St Louis City
- Listing Type
- Multifamily
Property Description
100% LEASED | FULLY FURNISHED | 7.25% CAP ON ACTUAL T-12. A turnkey 7-unit income package in the heart of historic Soulard that simply performs. Offered at $1,434,000 on $142,510 in-place income, $154,200 gross potential, and $103,934 actual T-12 NOI. Three all-brick residences (922-926 Allen) were taken to the studs in 2018 - new HVAC, electric, plumbing and roof - and are leased FURNISHED to traveling nurses and corporate professionals whose rent is paid by employer housing stipends: premium rents with a zero-collection-loss track record. Every home delivers in-unit laundry, updated kitchens, hardwood floors, central air and private decks/patio, plus off-street parking and basement storage. THE UPSIDE: SSM Health SLU and BJC/Barnes-Jewish hospitals are minutes away (endless travel-nurse demand), and Soulard has virtually NO hotels - so these turnkey furnished units can flip to short-term/Airbnb on day one (seller has never operated STR). Walk to McGurk's, Molly's, the Farmers Market and the Anheuser-Busch Brewery in St. Louis's most walkable, Mardi Gras-famous neighborhood. Renovated, leased, stipend-backed and priced to move.
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Additional Information
- School District
- St. Louis City
- Elementary School
- Sigel Elem. Comm. Ed. Center
- Jr. High School
- Fanning Middle Community Ed.
- Sr. High School
- Roosevelt High
- Parking Description
- Off Street
- Cooling
- Central Air
- Heating
- Forced Air
- Water
- Public
- Selling Terms
- Cash, Conventional
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Listing courtesy of The Agency.
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