4770 Kings Drive

About this home

Welcome to Chadwell Arms! This brick, two-story, 20-unit building in the heart of St. Louis City's Princeton Heights neighborhood, is currently 95% occupied with strong, stable cash flow bringing in roughly $169,000 a year in gross rental income. Many units have been recently renovated with new flooring, updated kitchens featuring new countertops and cabinetry, and modernized bathrooms, and the basement laundry room has been updated as well, offering tenants convenient on-site coin laundry and you another income generating opportunity. Parking is a breeze with a private rear lot offering 15 spaces in addition to street parking. Tucked into a quiet, tree-lined pocket near where Kingshighway meets Gravois, the building has a genuine neighborhood feel with easy access to local shops, schools, grocery stores, and gas stations, plus neighborhood dining favorites like Onesto's Pizzeria, Pizzeria Tivoli, and Cafe Nova just minutes away. Outdoor space is close by too, with Joseph R. Leisure Park and Christy Park just a few blocks away and Wilmore Park a short drive down Gravois. Commuters will appreciate quick access to both I-55 and I-44, putting all of Downtown St. Louis within easy reach. A move-in-ready, turnkey investment offering both immediate cash flow and long-term stability.

Property details

County

St Louis City

Subdivision

Kingshighway Terrace Add

Lot size

0.314 acres

Days on market

6

Annual taxes

$9,998

Heating

Forced Air, Natural Gas

Cooling

Central Air, Electric

Basement

8 ft + Pour, Concrete, Full, Storage Space, Unfinished, Walk-Out Access

Appliances

Free-Standing Gas Range, Refrigerator, Free-Standing Refrigerator, Gas Water Heater

Flooring

Carpet, Concrete, Laminate, Vinyl

Style

Apartment Style

Schools

School district

St. Louis City

Elementary

Buder Elem.

Middle

Long Middle Community Ed. Center

High

Roosevelt High

Location