4615 Virginia Ave, Saint Louis, MO, 63111
4615 Virginia Ave, Saint Louis, MO, 63111 - Image 24615 Virginia Ave, Saint Louis, MO, 63111 - Image 34615 Virginia Ave, Saint Louis, MO, 63111 - Image 44615 Virginia Ave, Saint Louis, MO, 63111 - Image 5

4615 Virginia Ave, Saint Louis, MO, 63111

12 bedrooms · 8 baths · 5,800 sq.ft.

Turnkey 8-family investment opportunity! This fully renovated apartment building offers immediate cash flow with the major capital improvements already completed, allowing a new owner to focus on maximizing returns instead of costly renovations. The property features four 1-bedroom units and four 2-bedroom units with extensive renovations completed throughout 2023-2025. Every apartment has been updated with modern finishes including new flooring, fresh paint, updated kitchens with new countertops, sinks, faucets and appliances, renovated bathrooms, new lighting, doors, trim, blinds, and updated electrical devices. Major mechanical improvements include new through-wall A/C units and seven new furnaces, providing long-term reliability and reduced maintenance. The common areas have also been completely refreshed with new carpet, LVP flooring, stair treads, updated lighting, professionally restored railings, cleaned basement, tenant storage areas, washer/dryer hookups, and an owner storage room. Exterior improvements include a newer roof (2022), exterior lighting, landscaping improvements, and off-street parking for approximately five vehicles. Current annual gross rental income is approximately $80,880 with professional property management already in place. Operating expenses are well documented, making underwriting simple for investors. This is an ideal acquisition for buyers seeking a stabilized, low-maintenance multifamily asset with significant recent capital improvements and long-term appreciation potential. The property is fully occupied so showings are with an accepted contract. 30 year loan with 25% down and a 6.65% rate is available! Ask your realtor for more information found in the supplements.

Information

Property typeMulti Family
Size5,800 sq.ft.
Plot size5,828 sqft
Year built1963
Stories2
Price per sq.ft.USD 128
Last sold2022-10-06
CountySaint Louis City
ZIP code63111
LocationSaint Louis, United States

USD 745,000

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Where it's located

Saint Louis, United States

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