3306 Louisiana AVE Active Save Request In-Person Tour Request Virtual Tour
St Louis,MO 63118
Key Details
Property Type Multi-Family
Sub Type Multi-Family 2-4
Listing Status Active
Purchase Type For Sale
Square Footage 3,196 sqft
Price per Sqft $64
Subdivision Haner Add
MLS Listing ID 24045708
Year Built 1907
Building Age 117
Lot Size 5,197 Sqft
Property Description
Seize the opportunity to own this fully occupied, cash-flowing gem generating $2,035/month with potential for increased rents. This sturdy brick property features central heat and air conditioning in all units, with one newly renovated unit and two long-term tenants. Significant updates include a new roof and sewer laterals in 2021 and 2024, some new appliances, two new furnaces in 2021, a new AC unit in 2023, and a new fence in 2024. With its strong return on investment and room for rent growth, this property is an excellent addition to any investment portfolio. Don?t miss out?make your offer today and capitalize on this outstanding opportunity!
Offered at a 9% Cap, with modest rent increases this easily reaches over a 10% Cap.
Location
State MO
County St Louis City
Area Central East
Interior
Heating Forced Air
Cooling Gas
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Monroe Elem.
Middle Schools Fanning Middle Community Ed.
High Schools Roosevelt High
School District St. Louis City
Others
Acceptable Financing Cash Only,Conventional,FHA,VA
Listing Terms Cash Only,Conventional,FHA,VA
Special Listing Condition None