3628 Arkansas Ave, Saint Louis, MO, 63118
3628 Arkansas Ave, Saint Louis, MO, 63118 - Image 23628 Arkansas Ave, Saint Louis, MO, 63118 - Image 33628 Arkansas Ave, Saint Louis, MO, 63118 - Image 43628 Arkansas Ave, Saint Louis, MO, 63118 - Image 5

3628 Arkansas Ave, Saint Louis, MO, 63118

4 bedrooms · 4 baths · 2,670 sq.ft.

PRICE IMPROVEMENT - Fully Occupied 4-Family Investment Opportunity! Offered at $299,900, this income-producing property at 3628-3630 Arkansas Ave features four 1-bedroom, 1-bath units, all currently occupied and generating immediate rental income. Each unit is currently rented at $750/month, producing $3,000 in gross monthly rent and $36,000 annually. At the new asking price, that's approximately a 12.0% gross rent yield based on current rents. Three of the four units are currently occupied by Section 8 tenants. Tenants are responsible for their own electric and gas. Owner pays water, sewer, trash, and landscaping. Property is currently professionally managed, making this an attractive opportunity for an investor looking to add a stabilized multifamily asset to their portfolio. Please do not disturb tenants. No showings without an accepted contract. Rent roll, leases, tenant ledgers, and occupancy permits are available for review. Buyer and buyer's agent to verify all financial information, rents, expenses, and property details.

Information

Property typeMulti Family
Size2,670 sq.ft.
Plot size5,001 sqft
Year built1960
Stories2
Price per sq.ft.USD 112
Last sold2023-07-24
CountySaint Louis City
ZIP code63118
LocationSaint Louis, United States

USD 299,900

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Where it's located

Saint Louis, United States

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