One-of-a-kind Investor's dream, Turnkey 9-Family + 4 Bay Unit commercial spaces in South City! Excellent cash-flowing opportunity with low maintenance. Perfect for a seasoned investor or first time investor. Cap rate is currently 8.84% and NOI is $59k. Lease-up is exceptionally strong with almost no vacancy...Unit rents vary from $790-$850 and have been gradually growing as the leases come up for renewal. Additionally a 4 bay commercial building in the front of the lot will be included in the sale. The commercial units can easily be turned into residential units for additional cashflow opportunity. Each unit has been thoughtfully updated in 2020 with new electric meters, new water heaters, brand-new electrical, plumbing, new drywall, new hybrid mini splits, ensuring low maintenance for years to come. Interiors feature new hardwood flooring, white shaker cabinets, gas stovetops, refrigerators, and laundry hookups and stackable washer/dryer in dedicated closets. The basement has individual storage lockers dedicated for each unit. All units have private rear access, with the building situated behind a commercial space for added seclusion. A true turnkey asset in a great rental market—perfect for any investor looking for strong returns and long-term stability.
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0 sq.ft
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$ 675,000
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Shepards Add
St Louis City
St. Louis City
St Louis City
Residential Income
Traditional
Residential Income
$1,750
Last 6 closed homes in this zip.
| Address | Bd/Ba | SqFt | List | Sold | Closed |
|---|---|---|---|---|---|
| 2918 Michigan Avenue, St Louis City, MO 63118 | 3/3 | 1,770 | $315,000 | $304,618 96.7% of ask |
Sep 4, 2026 |
| 3504 Arsenal Street, 2F, St Louis City, MO 63118 | 1/1 | 800 | $950 | $950 100% of ask |
Sep 1, 2026 |
| 2602 Minnesota Avenue, St Louis City, MO 63118 | 2/2 | 1,664 | $1,900 | $1,900 100% of ask |
Sep 1, 2026 |
| 3112 S South Compton Avenue, St Louis City, MO 63118 | 3/1 | 3,750 | $159,900 | $160,000 100.1% of ask |
Aug 31, 2026 |
| 3322 Pennsylvania Avenue, St Louis City, MO 63118 | 0/0 | 4,336 | $325,000 | $310,000 95.4% of ask |
Aug 31, 2026 |
| 3448 Magnolia Avenue, St Louis City, MO 63118 | 0/0 | -- | $325,000 | $325,000 100% of ask |
Aug 31, 2026 |
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