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$254,900

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3,350 SqFt

Active

2835 Miami ST St Louis, MO 63118

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Sean White

seanwhite@epique.me +1(636) 288-5576

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 2-4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 3,350 sqft

Price per Sqft $76

Subdivision St Louis Commons Add

MLS Listing ID 26013980

Style Historic

Year Built 1915

Annual Tax Amount $764

Lot Size 5,070 Sqft

Acres 0.1164

Property Sub-Type 2-4 Units

Property Description

Don't miss this opportunity to acquire a fully updated, professionally managed four family property in South City, just two blocks from the Historic Cherokee Street District! The numbers work from day one. Three tenants are already in place with current rents of $635, $650, and $650. A huge upside for investors and owner occupants alike. Rents in this area are pushing $750–$800 per unit, meaning a savvy investor can capture an additional $465–$615 per month in gross income simply by bringing rents to market. For the owner occupant, this is your house hack. One vacant unit is move in ready with a passed occupancy inspection, allowing you to live in one unit while your tenants pay down your mortgage. Few opportunities in this price range offer this level of immediate flexibility. What sets this property apart: All four units updated during seller's ownership. Newer LVP flooring throughout with spacious layouts in every unit. Professionally managed with quality tenants already in place. Many major expenses have already addressed by the seller including tuck pointing, roof repairs, full unit rehabs, and sewer lateral work. Much of the heavy lifting has been done. You're buying stabilized cash flow with a clear path to increased returns. The second floor units feature private bedrooms. The first floor units offer walk through bedroom layouts. The 1st floor vacant unit and left-side basement are available for immediate showings. Occupied units available with accepted contract. **No seller financing** Schedule your showing today!

Location

State MO

County St Louis City

Area 2 - Central East

Rooms

Basement Unfinished

Interior

Heating Forced Air

Cooling Window Unit(s)

Flooring Luxury Vinyl

Fireplaces Number 4

Fireplaces Type Living Room

Fireplace Y

Appliance Built-In Gas Oven, Refrigerator

Laundry In Basement

Exterior

Parking Features false

Fence Chain Link

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

Roof Type Flat

Private Pool false

Building

Lot Description Level

Water Public

Structure Type Brick

Schools

Elementary Schools Froebel Elem.

Middle Schools Long Middle Community Ed. Center

High Schools Roosevelt High

School District St. Louis City

Others

Ownership Private

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition Listing As Is

Virtual Tour https://www.youtube.com/watch?v=611s1_SxjYY

Listed by Brian Miller • Mogul Realty

NEARBY SCHOOL & BUSINESS

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Sean White

Agent | License ID: 2013017287

+1(636) 288-5576

2835 Miami ST St Louis, MO 63118

Sean White

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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2835 Miami ST