UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5 Family or More
Listing Status Active
Purchase Type For Sale
Square Footage 6,828 sqft
Price per Sqft $99
Subdivision Quinette Add
MLS Listing ID 25069073
Style Apartment Style,Mid-Rise 3or4 Story
Year Built 1880
Annual Tax Amount $1,874
Lot Size 2,125 Sqft
Acres 0.0488
Property Sub-Type 5 Family or More
Property Description
Miami Street delivers a 9.70% gross cap rate when fully occupied. Currently, 5 of 6 units are rented, with a pro forma of $7,200 monthly income and roughly $65,860 annual NOI. Each renovated 2-bed, 2-bath unit earns above-market rents, offering investors a turnkey, high-return asset with immediate cash flow.
Location
State MO
County St Louis City
Area 2 - Central East
Rooms
Basement 8 ft + Pour
Interior
Heating Forced Air
Cooling Central Air
Fireplace N
Appliance Stainless Steel Appliance(s)
Exterior
View Y/N No
Building
Water Public
Level or Stories Three Or More
Structure Type Brick
Schools
Elementary Schools Froebel Elem.
Middle Schools Fanning Middle Community Ed.
High Schools Roosevelt High
School District St. Louis City
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard