$225,000
2835 Miami Street
St Louis, MO 63118 · MLS#: 26013980
Listing brokerage: Mogul Realty · 314-865-1170 · Agent: Brian Miller
About this home
**Updated Price**Don't miss this opportunity to acquire a fully updated, professionally managed four family property in South City, just two blocks from the Historic Cherokee Street District! The numbers work from day one. Two tenants are already in place with current rents of $635 and $650. One unit is currently listed at $695 per month. A huge upside for investors and owner occupants alike. Rents in this area are pushing $750–$800 per unit, meaning a savvy investor can capture an additional $465–$615 per month in gross income simply by bringing rents to market. For the owner occupant, this is your house hack. One vacant unit is move in ready with a passed occupancy inspection, allowing you to live in one unit while your tenants pay down your mortgage. Few opportunities in this price range offer this level of immediate flexibility. What sets this property apart: All four units updated during seller's ownership. Newer LVP flooring throughout with spacious layouts in every unit. Professionally managed with quality tenants already in place. Many major expenses have already addressed by the seller including tuck pointing, roof repairs, full unit rehabs, and sewer lateral work. Much of the heavy lifting has been done. You're buying stabilized cash flow with a clear path to increased returns. The second floor units feature private bedrooms. The first floor units offer walk through bedroom layouts. The 1st and 2nd floor vacant unit and left-side basement are available for immediate showings. The 1sst floor unit is currently listed fore rent. Occupied units available with accepted contract. **No seller financing** Schedule your showing today!
Property details
- County
- St Louis City
- Subdivision
- St Louis Commons Add
- Lot size
- 0.1164 acres
- Garage spaces
- 0
- Days on market
- 159
- Annual taxes
- $764
- Heating
- Forced Air
- Cooling
- Window Unit(s)
- Basement
- Unfinished
- Appliances
- Built-In Gas Oven, Refrigerator
- Flooring
- Luxury Vinyl
- Fireplaces
- 4
- Style
- Historic
Schools
- School district
- St. Louis City
- Elementary
- Froebel Elem.
- Middle
- Long Middle Community Ed. Center
- High
- Roosevelt High
Location
Listing courtesy of Mogul Realty · MLS#: 26013980. Data provided by MARIS MLS; deemed reliable but not guaranteed.