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Listed price in listed location currency (USD).
$314,900

000

MLS® 26057490

Overview

Key Facts

Type 
Levels Residential Income
Size 2670 sqft
Garage 
Taxes $1,960
Days Active 0
Lot Size 0.1148 Acres
Approx. Age 1960
Avg. Price Per Sqft $117
MLS® Number 26057490

Property Address: 3628 Arkansas Ave, Saint Louis, MO, 63118-3508

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

Description

Excellent investment opportunity at 3628-3630 Arkansas Ave! This fully occupied 4-family property offers four 1-bedroom, 1-bath units, providing immediate rental income from day one. Each unit is currently rented at $750 per month, generating $3, 000 in gross monthly income and $36, 000 in annual gross rental income. Offered at $314, 900, the property provides an attractive 11.43% gross rent yield based on current rents. Three of the four units are currently occupied by Section 8 tenants, providing an established rental history and income stream. Tenants are responsible for their own electric and gas utilities. Owner pays water, sewer, trash, and landscaping. A great opportunity for an investor looking to add a fully occupied multifamily asset to their portfolio with existing management and tenants already in place. Please do not disturb tenants. Property to be sold subject to tenants' rights. Buyer to verify all financial information, rents, expenses, and property details.
MLS® Number26057490
Laundry LevelLower
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1960
BasementFull, Interior Entry, Storage Space, Unfinished
DrivewayAlley Access, Off Street, On Street, Parking Pad
Garage Spaces
HeatForced Air, Natural Gas
A/CCeiling Fan(s), Central Air

Extras

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