922 Allen Ave, Saint Louis, MO

Name: 922 Allen Ave, For Sale in Saint Louis - Zoocasa
Brand: The Agency
SKU: 26046055
Price: 1434000 USD

House

For Sale

Listed price in listed location currency (USD).

$1,434,000

000

MLS® 26046055

Overview

Key Facts

Type

Levels Residential Income

Size 7732 sqft

Garage

Taxes $2,675

Days Active 1

Lot Size 0.1239 Acres

Approx. Age 1893

Avg. Price Per Sqft $185

MLS® Number 26046055

Property Address: 922 Allen Ave, Saint Louis, MO, 63104-3908

Average square foot calculated using Size range provided by listing agent.

Description

100% LEASED | FULLY FURNISHED | 7.25% CAP ON ACTUAL T-12. A turnkey 7-unit income package in the heart of historic Soulard that simply performs. Offered at $1, 434, 000 on $142, 510 in-place income, $154, 200 gross potential, and $103, 934 actual T-12 NOI. Three all-brick residences (922-926 Allen) were taken to the studs in 2018 - new HVAC, electric, plumbing and roof - and are leased FURNISHED to traveling nurses and corporate professionals whose rent is paid by employer housing stipends: premium rents with a zero-collection-loss track record. Every home delivers in-unit laundry, updated kitchens, hardwood floors, central air and private decks/patio, plus off-street parking and basement storage. THE UPSIDE: SSM Health SLU and BJC/Barnes-Jewish hospitals are minutes away (endless travel-nurse demand), and Soulard has virtually NO hotels - so these turnkey furnished units can flip to short-term/Airbnb on day one (seller has never operated STR). Walk to McGurk's, Molly's, the Farmers Market and the Anheuser-Busch Brewery in St. Louis's most walkable, Mardi Gras-famous neighborhood. Renovated, leased, stipend-backed and priced to move.

MLS® Number26046055

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1893

BasementConcrete

DrivewayOff Street

Garage Spaces

HeatForced Air

A/CCentral Air

Extras

Map

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