$184,900
3530 Arkansas Avenue
St Louis, MO 63118 · MLS#: 26051027
Listing brokerage: EXP Realty, LLC · 866-224-1761 · Agent: Destiny Minor
About this home
INVESTOR SPECIAL IN GRAVOIS PARK! All-brick four-family with four 1-bedroom units, priced for the value-add buyer. One unit is currently leased at $650/month. The remaining three units are vacant and need repairs and updates, giving the next owner the chance to renovate, set rents, and place tenants of their choosing. Market rents for comparable 1-bedroom units in the area run approximately $850-$1,000/month depending on the level of renovation. With three units brought to market rent, projected gross income is approximately $3,200-$3,650/month, with further upside as the current lease turns over. Located in Gravois Park, minutes from Cherokee Street and Tower Grove Park, with an easy commute to Saint Louis University and Harris-Stowe State University. Nearby parks, dining, shopping and entertainment support steady rental demand. A strong fit for investors looking to force appreciation and grow a rental portfolio, or for an owner-occupant who wants to live in one unit and renovate the others over time.
Property details
- County
- St Louis City
- Subdivision
- St Louis Commons Add
- Lot size
- 0.1435 acres
- Days on market
- 46
- Cooling
- Window Unit(s)
- Style
- Traditional
Schools
- School district
- St. Louis City
- Elementary
- Froebel Elem.
- Middle
- Long Middle Community Ed. Center
- High
- Roosevelt High
Location
Listing courtesy of EXP Realty, LLC · MLS#: 26051027. Data provided by MARIS MLS; deemed reliable but not guaranteed.