2016 9th Street

About this home

NEARLY $10,000 A MONTH IN PROJECTED RENT. SIX UNITS. TWO BUILDINGS. ONE SOULARD ACQUISITION. Offered together at $1,150,000, this package projects $9,937 in monthly gross rent—$119,244 annually—following completion and full lease-up. That is $40,000 below the combined individual asking prices. All six residences are 2-bedroom, 1-bath units across two adjoining parcels. The four-family at 2018–2020 is fully gut rehabbed; the two-family at 2016 is under construction with expected completion December 1, 2026. The renovation scope includes new A/C, furnaces, water heaters, roofs, appliances, kitchens and baths. Once completed, those new systems can reduce maintenance calls and near-term repair costs, leaving more income available after expenses and making a six-unit portfolio easier to manage yourself. Completed interiors feature quartz counters, stainless appliances, matte black fixtures, wide-plank flooring and marble-look tile, with retained exposed brick. Two existing leases generate $3,337 per month; the remaining four units are modeled at $1,650 each. Planned rear improvements include gated asphalt parking and a resident turf area. Approximately 8,212 SF of reported building area and a 93 Walk Score. Rental projections are gross income before expenses and depend on completion and lease-up. Interior photos depict the completed four-family.

Property details

County

St Louis City

Subdivision

Soulard

Days on market

0

Annual taxes

$2,878

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