3628 Arkansas Avenue

About this home

PRICE IMPROVEMENT – Fully Occupied 4-Family Investment Opportunity! Offered at $299,900, this income-producing property at 3628-3630 Arkansas Ave features four 1-bedroom, 1-bath units, all currently occupied and generating immediate rental income. Each unit is currently rented at $750/month, producing $3,000 in gross monthly rent and $36,000 annually. At the new asking price, that's approximately a 12.0% gross rent yield based on current rents. Three of the four units are currently occupied by Section 8 tenants. Tenants are responsible for their own electric and gas. Owner pays water, sewer, trash, and landscaping. Property is currently professionally managed, making this an attractive opportunity for an investor looking to add a stabilized multifamily asset to their portfolio. Please do not disturb tenants. No showings without an accepted contract. Rent roll, leases, tenant ledgers, and occupancy permits are available for review. Buyer and buyer's agent to verify all financial information, rents, expenses, and property details.

Property details

County

St Louis City

Subdivision

Bells Add

Lot size

0.1148 acres

Garage spaces

0

Days on market

29

Annual taxes

$1,960

Heating

Forced Air, Gas

Cooling

Ceiling Fan(s), Central Air

Basement

Full, Interior Entry, Storage Space, Unfinished

Appliances

Electric Range, Gas Range, Refrigerator

Flooring

Hardwood, Laminate, Linoleum

Fireplaces

0

Style

Traditional

Schools

School district

St. Louis City

Elementary

Froebel Elem.

Middle

Fanning Middle Community Ed.

High

Roosevelt High

Location