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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.
0 Bed
0 Bath
5,800 sq.ft
$0 per sq.ft
Historic
$ 775,000
Active
0
26041459
0
0
5,800
Louisiana Heights Add
St Louis City
St. Louis City
St Louis City
Residential Income
Historic
Residential Income
$4,103
Last 6 closed homes in this zip.
| Address | Bd/Ba | SqFt | List | Sold | Closed |
|---|---|---|---|---|---|
| 3114 Mount Pleasant Street, St Louis City, MO 63111 | 0/0 | 4,140 | $199,999 | $195,900 98% of ask |
Sep 4, 2026 |
| 6429 Idaho Avenue, St Louis City, MO 63111 | 3/2 | 1,460 | $79,900 | $74,000 92.6% of ask |
Sep 4, 2026 |
| 5215-5217 S Broadway, St Louis City, MO 63111 | 0/0 | 4,464 | $185,000 | $182,500 98.6% of ask |
Sep 1, 2026 |
| 1024 Bates Street, St Louis City, MO 63111 | 4/2 | 1,320 | $215,000 | $210,000 97.7% of ask |
Aug 28, 2026 |
| 5425 S Broadway, St Louis City, MO 63111 | 0/0 | 2,010 | $75,000 | $59,000 78.7% of ask |
Aug 28, 2026 |
| 7101 Virginia Avenue, St Louis City, MO 63111 | 3/1 | 1,456 | $166,000 | $147,000 88.6% of ask |
Aug 27, 2026 |
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Welcome to this cute and inviting 3-bedroom, 1-bath home in a convenient South St. Louis location, just minutes from beautiful Carondelet Park! This home features a newer kitchen, updated flooring, and a comfortable layout that makes it a great opportunity for both homeowners and investors.Enjoy the added privacy of a fenced backyard, along with a convenient one-car parking located at the rear of the property. The home offers a great combination of updates, functionality, and location. Currently rented for $1,200/month, providing immediate rental income for an investor. The current lease expires at the end of January.Whether you’re looking to add to your rental portfolio or purchase a charming home in a desirable location, this property is a great opportunity. Come see the potential for yourself!
COMING SOON! World's Fair Era spacious 2 family duplex that has been updated throughout and is ready for rent, making a great addition to any investor's portfolio — or could be also be a fantastic owner-occupant opportunity, as well! This 2,722 sq ft building features floorplans that are flexible — with no walk-through/shot-gun style bedrooms here! Each unit features 2 bedrooms, 1 bathroom, a huge eat-in kitchen, large living room and huge dining room. But the flexible floorplan on the 2nd floor unit even allows you to also turn the middle room into an additional large 3rd bedroom, too. Walk to Downtown Dutchtown along Meramec, and easy to hop onto 55 for your commute. Kitchens and bathrooms are what all tenants are looking for: updated finishes, tiled floors, quartz countertops, lots of cabinet space and storage, pantry, and more. Spacious backyard and detached garage. Newer systems, full unfinished basement with laundry hook-ups. Currently both units are vacant so this building offers maximum flexibility.
This beautifully updated duplex offers an incredible opportunity for an owner-occupant to live in the newly renovated first-floor unit while having the tenant in the second-floor unit help pay the mortgage with their monthly rent. The first-floor unit has been freshly painted throughout and features vinyl laminate hardwood flooring, an updated kitchen with new countertops, flooring and range, plus a dishwasher for added convenience. The basement provides washer and dryer hookups, while the fenced-in backyard offers a great outdoor space for the owner or tenants. Located directly across the street from the infamous Ted Drewes Frozen Custard, this property puts you within easy reach of major bus routes, grocery stores, and everyday amenities. Whether you're looking for an investment property or a place to call home while generating rental income, this duplex offers the perfect combination of location, updates, and income potential.
