Multi Family In St Louis

(c.) 1905: Turn-key, spacious, and easy-to-rent 4 unit fully-rented apartment building in the centrally located Gate District neighborhood! This large 4,950 sq ft building offers 4 units each with excellent layout comprised of two x 2 bed/1 bath units (main level), and two x 3 bed/1 bath units (upstairs). One unit is available for potential owner occupant currently! Tall ceilings, large rooms, and reorganized floor plans that pulled the kitchen to the center of the unit for a more modern flow. Note that none of the bedrooms here are pass-through/shotgun style... All 4 units are of a similar finish as one another, each offering large living rooms, eat-in kitchens with large pantries, spacious updated bathrooms and tons of closet space. Central AC and heating in each unit. Some updates to sewer stack, vinyl windows, newer circuit breaker electric panels, & one newer hvac unit. Situated right between highways 44 and 40, this location is close to many great pockets such as South Grand/Tower Grove Park, Lafayette Square and the Central West End for example. Current rents for 3 leased units are: $1250/$1200/$1250/$950. Under market value for a building of this size, there’s lots of room to continue to add and create value here! This building would be a wise addition to any investor’s portfolio — or would make a great owner occupant option as well (upstairs 3 bedroom unit will be ready for owner occupant by end of Jan 2027).