Seize the opportunity to own this fully occupied, cash-flowing gem generating $2,035/month with potential for increased rents. This sturdy brick property features central heat and air conditioning in all units, with one newly renovated unit and two long-term tenants. Significant updates include a new roof and sewer laterals in 2021 and 2024, some new appliances, two new furnaces in 2021, a new AC unit in 2023, and a new fence in 2024. With its strong return on investment and room for rent growth, this property is an excellent addition to any investment portfolio. Don’t miss out—make your offer today and capitalize on this outstanding opportunity!
Offered at a 9% Cap, with modest rent increases this easily reaches over a 10% Cap.
3306 Louisiana Avenue (MLS #24045708) is a multi-family listing located in St Louis, MO.
This multi-family listing is 3,196 sqft and on a lot of 5,197 sqft (or 0.12 acres) and is 117 years old. This property was listed on 07/25/2024 and has been priced for sale at $180,000.
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Listing information courtesy of: Invest St. Louis
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