3648 Shenandoah Avenue

About this home

Investor Alert! Welcome to this fully rented, gorgeous multifamily building just blocks from Tower Grove Park! Step inside to a clean and updated first and second floor common hallway. This sale is composed of only the west half of this building and has 6 efficient units that have high potential for rent increases and improvements. 3 units on the second floor, and 3 units on the first floor. Perfect for SLU students, Barnes Jewish/Cardinal Glennon employees or any of other prospects vying to live in Shaw at an affordable price. Several updates throughout the building and in a couple units (see supplements). Both floors have direct access to the fully, unfinished basement. There is no laundry and could be added for some easy extra income. Several tenants are going on their second year here. Whether you want to keep it for long-term cash flow, renovate and resale, or explore short term rentals, this property offers many exit strategies. Owner currently pays all utilities for tenants with no RUBS (again, an easy opportunity for more cash flow). Please do not disturb tenants.

Property details

County

St Louis City

Subdivision

Tyler Place Add

Lot size

0.0708 acres

Days on market

170

Annual taxes

$4,013

Cooling

Central Air

Basement

Daylight, Interior Entry, Unfinished, Walk-Out Access

Appliances

Electric Cooktop, Freezer, Refrigerator, Electric Water Heater

Flooring

Hardwood, Laminate

Style

Apartment Style, Historic

Schools

School district

St. Louis City

Elementary

Shenandoah Elem.

Middle

Fanning Middle Community Ed.

High

Roosevelt High

Location