6146 Morganford RD Active Save Request In-Person Tour Request Virtual Tour
St Louis,MO 63116
Key Details
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 2,552 sqft
Price per Sqft $127
Subdivision Carondelet Parkview Add
MLS Listing ID 25046831
Year Built 1942
Property Sub-Type 2-4 Units
Property Description
Turnkey, Fully Occupied 4-Family Investment Opportunity in Bevo Mill, located just blocks from Carondelet Park and Christy Park, this well-maintained 4-family building offers an excellent opportunity to grow your investment portfolio. Each unit features a true bedroom in the rear and one full bathroom. The property is currently generating a Net Operating Income (NOI) of $25,331, with rents currently below market, offering upside potential. Three of the four units present an opportunity for value-add upgrades to achieve market-rate rents this fall. Key Updates and Features: All four units have brand-new HVAC systems installed in December 2024. Sewer lines under the building were upgraded to PVC in 2024, including both stacks and partial replacement to the yard vent (connection to the city main is unknown). Three of the four water heaters have been replaced within the past six years. The rear parking pad provides off-street parking for all four tenants. All units are currently leased. This is a low-maintenance property that has been well-maintained. Tenants will not be disturbed without an accepted contract. Viewings of the basement may be arranged for serious buyers with proof of funds and listing agent accompanied. Please note: Seller's won't consider offers involving seller creative financing. However, we welcome offers that are cash or backed by Conventional, Cash or private financing.
Location
State MO
County St Louis City
Area 3 - South City
Interior
Heating Forced Air,Natural Gas
Cooling Central Air
Fireplaces Type None
Laundry In Basement,Common Area,Electric Dryer Hookup,Washer Hookup
Exterior
Exterior Feature Entry Steps/Stairs
Parking Features false
Roof Type Flat
Building
Story 2
Water Public
Structure Type Brick
Schools
Elementary Schools Woerner Elem.
Middle Schools Long Middle Community Ed. Center
High Schools Roosevelt High
School District St. Louis City
Others
Acceptable Financing Cash,Conventional,Private
Listing Terms Cash,Conventional,Private
Special Listing Condition Standard