$1,434,000
922 Allen Avenue
St Louis, MO 63104 · MLS#: 26046055
Listing brokerage: The Agency · 314-677-1477 · Agent: Anthony Klier
About this home
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.
Property details
- County
- St Louis City
- Subdivision
- Allens Add
- Lot size
- 0.1239 acres
- Days on market
- 0
- Annual taxes
- $2,675
- Heating
- Forced Air
- Cooling
- Central Air
- Basement
- Concrete
- Style
- Historic
Schools
- School district
- St. Louis City
- Elementary
- Sigel Elem. Comm. Ed. Center
- Middle
- Fanning Middle Community Ed.
- High
- Roosevelt High
Location
Listing courtesy of The Agency · MLS#: 26046055. Data provided by MARIS MLS; deemed reliable but not guaranteed.