922 Allen Ave, Saint Louis, MO, 63104
922 Allen Ave, Saint Louis, MO, 63104 - Image 2922 Allen Ave, Saint Louis, MO, 63104 - Image 3922 Allen Ave, Saint Louis, MO, 63104 - Image 4922 Allen Ave, Saint Louis, MO, 63104 - Image 5

922 Allen Ave, Saint Louis, MO, 63104

7 bedrooms · 6 baths · 7,732 sq.ft.

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.

Information

Property typeMulti Family
Size7,732 sq.ft.
Plot size5,397 sqft
Year built1893
Price per sq.ft.USD 185
Last sold2024-12-20
CountySaint Louis City
ZIP code63104
LocationSaint Louis, United States

USD 1,434,000

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Where it's located

Saint Louis, United States

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