3644-3646 Bates Street

About this home

Attention Investors! FULLY occupied, updated fourplex building complex with an attractive cap rate of 7% and an outstanding location! Excellent opportunity to add this income-producing fourplex in Holly Hills to your investment portfolio. Updates include a new TPO roof from 2024. All units have a laundry area/ washer & dryer located in the basement. Well maintained & upkept investment property - each unit has a functional layout! Private parking in back with additional on street parking. This multifamily property generates approximately $46,020 in annual rental income with reported annual operating expenses of approximately $10,393, producing an estimated Net Operating Income (NOI) of $35,627. Four rental units providing multiple income streams under one roof, this property presents an opportunity for investors seeking immediate rental income, portfolio growth, and long-term appreciation potential. Centrally located - urban living w/ quick highway access, close to Carondelet Park, right by shopping & all other amenities. This is an exceptional opportunity to add this cash flowing to your portfolio! Call NOW

Property details

County

St Louis City

Subdivision

Garnd Dover Park

Lot size

0.1532 acres

Days on market

46

Annual taxes

$3,161

Heating

Forced Air

Cooling

Central Air

Basement

Full

Style

Apartment Style

Schools

School district

St. Louis City

Elementary

Woerner Elem.

Middle

Lyon-Blow Middle

High

Roosevelt High

Location