3628 Arkansas Ave, St Louis, MO 63118
- $314,900
- 2,670
- SqFt
- List Price
- $314,900
- Days on Market
- 1
- MLS#
- 26057490
- Status
- ACTIVE
- Living Sq. Ft
- 2,670
- Lot Size
- 5,000
- Acres
- 0.11
- Year Built
- 1960
- Subdivision
- Bells Add
- Municipality
- St. Louis City
- County
- St Louis City
- Listing Type
- Multifamily
Property Description
Excellent investment opportunity at 3628-3630 Arkansas Ave! This fully occupied 4-family property offers four 1-bedroom, 1-bath units, providing immediate rental income from day one. Each unit is currently rented at $750 per month, generating $3,000 in gross monthly income and $36,000 in annual gross rental income. Offered at $314,900, the property provides an attractive 11.43% gross rent yield based on current rents. Three of the four units are currently occupied by Section 8 tenants, providing an established rental history and income stream. Tenants are responsible for their own electric and gas utilities. Owner pays water, sewer, trash, and landscaping. A great opportunity for an investor looking to add a fully occupied multifamily asset to their portfolio with existing management and tenants already in place. Please do not disturb tenants. Property to be sold subject to tenants' rights. Buyer to verify all financial information, rents, expenses, and property details.
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Additional Information
- School District
- St. Louis City
- Elementary School
- Froebel Elem.
- Jr. High School
- Fanning Middle Community Ed.
- Sr. High School
- Roosevelt High
- Parking Description
- Alley Access, Off Street, On Street, Parking Pad
- Cooling
- Ceiling Fan(s), Central Air
- Heating
- Forced Air, Natural Gas
- Water
- Public
- Selling Terms
- Cash, Conventional, FHA
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Listing courtesy of Gateway Real Estate.
Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange. Information From Third Parties, Deemed Reliable But Not Verified
