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$365,000
Est. payment /mo
5,100 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5 Family or More
Listing Status Active
Purchase Type For Sale
Subdivision Knapstein Add
MLS Listing ID 26019382
Style Apartment Style
Year Built 1928
Annual Tax Amount $4,892
Lot Size 5,100 Sqft
Acres 0.1171
Property Sub-Type 5 Family or More
Property Description
4260–62 Michigan Avenue is a fully leased six-unit brick apartment building located in South St. Louis. Situated along a quiet residential corridor, the property offers investors a stabilized asset in an established neighborhood supported by strong rental demand and historically low tenant turnover. The building also carries a secondary address of 3119 Chariton Street. The property consists of six one-bedroom, one-bathroom units, which feature efficient floor plans, hardwood flooring, and an abundance of natural light. Significant capital improvements include new TPO roofing installed in 2022 with a 20-year warranty, positioning the asset for minimal near-term maintenance and capital expenditures. The property is situated near major thoroughfares including South Grand Boulevard, I-55, and I-44, allowing for efficient travel to Downtown St. Louis, regional employment centers, and surrounding neighborhoods. Public transportation is readily accessible, with nearby bus routes providing additional commuting options.
Location
State MO
County St Louis City
Area 3 - South City
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
View Y/N No
Building
Structure Type Brick
Schools
Elementary Schools Meramec Elem.
Middle Schools Long Middle Community Ed. Center
High Schools Roosevelt High
School District St. Louis City
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Listed by Kenin Halilovic • CBRE
Nearby School & Business
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