Rock Island Realty

Traditional

3530 Arkansas Avenue

St Louis, MO 63118

MLS#: 26051027

$199,000

Status: Active
Listing number: 26051027
Listing provided by: EXP Realty, LLC
Listing agent phone: None
Last update: 10 days ago
On site: a month ago
Browse Properties
St Louis Commons Add - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1909

Sq.Footage

3,494

INVESTOR SPECIAL IN GRAVOIS PARK! All-brick four-family with four 1-bedroom units, priced for the value-add buyer. One unit is currently leased at $650/month. The remaining three units are vacant and need repairs and updates, giving the next owner the chance to renovate, set rents, and place tenants of their choosing. Market rents for comparable 1-bedroom units in the area run approximately $850-$1,000/month depending on the level of renovation. With three units brought to market rent, projected gross income is approximately $3,200-$3,650/month, with further upside as the current lease turns over. Located in Gravois Park, minutes from Cherokee Street and Tower Grove Park, with an easy commute to Saint Louis University and Harris-Stowe State University. Nearby parks, dining, shopping and entertainment support steady rental demand. A strong fit for investors looking to force appreciation and grow a rental portfolio, or for an owner-occupant who wants to live in one unit and renovate the others over time.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Window Unit(s)

  • Fireplace YN

    NO

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.1435

  • Lot Size(square feet)

    6,250

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

  • Architectural Style

    Traditional

Price

  • Sales Price

    $199,000

  • Sq. Footage

    3,494

  • Price/SqFt

    $56

HOA

  • Association

    No

School District

  • Elementary School

    Froebel Elem.

  • Middle School

    Long Middle Community Ed. Center

  • High School

    Roosevelt High

Property Features

  • New Construction

    NO

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Location

County

St Louis City

Elementary School

Froebel Elem.

Middle School

Long Middle Community Ed. Center

High School

Roosevelt High

Listing Courtesy of Destiny Minor, EXP Realty, LLC

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Agent Owen Shotkoski

Agent

Owen Shotkoski

Call Owen today to schedule a private showing.

(402) 658-3116

owen@homeatthelake.com


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INVESTOR SPECIAL IN GRAVOIS PARK! All-brick four-family with four 1-bedroom units, priced for the value-add buyer. One unit is currently leased at $650/month. The remaining three units are vacant and need repairs and updates, giving the next owner the chance to renovate, set rents, and place tenants of their choosing. Market rents for comparable 1-bedroom units in the area run approximately $850-$1,000/month depending on the level of renovation. With three units brought to market rent, projected gross income is approximately $3,200-$3,650/month, with further upside as the current lease turns over. Located in Gravois Park, minutes from Cherokee Street and Tower Grove Park, with an easy commute to Saint Louis University and Harris-Stowe State University. Nearby parks, dining, shopping and entertainment support steady rental demand. A strong fit for investors looking to force appreciation and grow a rental portfolio, or for an owner-occupant who wants to live in one unit and renovate the others over time.

3530 Arkansas Avenue

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