1904 Cherokee Street St Louis, MO 63118

3,123 Sqft lot
0.07 Acre lot
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$760,000 Est. $2,799 / mo.*
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Status: Active
Property Type: Multi-family 5+
Year Built: 1890
Days on Website: 51

Listing courtesy of The Agency.

Description

6 apartment units in beautiful Benton Park, fully leased and currently generating $6,925/month in income. This property brings in $83,100/annually and with the expenses being $16,532/annually, this makes the in-place cap rate an attractive 8.21%. Every unit is fully updated with in-unit laundry, hardwood floors & nice finishes throughout. The Benton Park location is walking distance to Benton Park Cafe, Venice Cafe, Blue City Deli, Saturn Lounge Record Bar, Gus’s Pretzel, Peacemaker Lobster & Crab, Frazier’s Restaurant, Imos Pizza, Station #3 Vegan Food, & many more. This sale includes 6 units among 2 buildings with a shared courtyard. All units are 1bed/1bath and rents range from $1025-$1250/month. Amazing investment opportunity to own 6 units in one of the best areas of St Louis City, fully leased with great rents. Brings in $6,925/month currently or $83,100/annually Expenses are $1377/month or $16,532/annually The in-place cap rate is 8.21%

Open House

Property Details and Features

  • One Bedroom Unit Baths: 1 Per Unit
  • Building Age: 134
  • Number Of Units Total: 6
  • Year Built: 1890
  • Neighborhood: Benton Park West
  • Cooling: "Electric"
  • Disclosures: "Unknown", "Limited Seller Discl"
  • Heating: "Forced Air"
  • Heating Included
  • Heat Source: Gas
  • Net Operating Income: 62412
  • Inclusions: Building & Land
  • Lease Term: Leases
  • One Bedroom Unit Rent: 1155
  • Transaction Type: Sale
  • Major Area: Central East
  • Parcel Number: 1550-00-0070-0
  • Subdivision Name: Julia C Soulards Add 02
  • Township: St. Louis City
  • Lot Size Acres: 0.0717
  • Lot Size Dimensions: 25x125
  • Lot Size Square Feet: 3123 Sq.Ft.
  • Features: "On Street"
  • Possession: "Close Of Escrow"
  • 6 one-bedroom units
  • Property Type: Apartment Complex
  • Property Sub Type: Multi-Family 5+
  • Elementary School: Monroe Elem.
  • High School: Roosevelt High
  • High School District: St. Louis City
  • Middle Or Junior School: Fanning Middle Community Ed.
  • "Public Sewer"
  • Annual Tax Amount: 907
  • Tax Year: 2023
  • Tenant Pays: "Electricity", "Gas", "Other"
  • Water Source: "Public"

Location

$760,000 - 1904 Cherokee Street, St Louis, MO 63118
1904 Cherokee Street St Louis, MO 63118
Major Area: Central East

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