4944 Mardel Ave, St Louis, MO 63109

Property Description

Solid 4-Family Opportunity in the Heart of Northampton! Gorgeous well-kept large building with marble entry & stairs. Each of the four apartments offers a spacious, functional layout featuring a living room, a true dining room, kitchen with eat-in area, full bath, a large private bedroom PLUS a charming front balcony! Beautiful refinished hardwood floors add warmth and character, while thoughtful updates throughout the building include newer furnaces, updated plumbing stacks, upgraded electrical panels, and one unit with central air (the remaining units are equipped with window A/C units). An oversized detached brick two-car garage provides an additional income stream, currently rented for $200 per month. Whether you're looking to expand your investment portfolio or searching for the ideal owner-occupant opportunity, this well-maintained four-family delivers. Live in one unit while the rental income helps offset your mortgage, or enjoy immediate cash flow with three of four apartments currently leased to excellent tenants. Located in the heart of Northampton, you'll be within walking distance of neighborhood favorites including The Golden Hoosier, Piper's Tea & Coffee, Bud's Pizza, and the exciting growth and redevelopment happening along Kingshighway. Currently professionally managed, combining classic South City charm, strong rental performance, and a prime location, this turnkey property offers an outstanding opportunity for both investors and owner-occupants alike.