$320,000
Excellent opportunity to add to your portfolio or jump into multifamily investing with this solid all brick 4 family in the heart of South St. Louis! Currently generating strong in place income with three units renting for $750 per month offering immediate cash flow from day one. The vacant unit could be rented for $750 or could be perfect for a house hacker. One rent is paid for BJC and another is paid by DePaul, so half the rent is guaranteed! Recent capital improvements include all new water heaters, and sewer lateral repairs helping reduce future maintenance expenses and improve long-term stability for a new owner. This pitched roof offers low maintenance and is hard to find on 4 families! The property also features a valuable rear parking pad, a highly desirable amenity for tenants in the area. Spacious units with classic South City charm, and strong rental demand make this a great fit for both seasoned investors and house hackers looking to offset their mortgage with rental income. Live in one unit while the others help pay the bills, or add a stabilized multifamily asset to your portfolio. Conveniently located near Civil Life Brewery, Friendly's, and super accessible to everything South City has to offer. Whether you’re looking for steady cash flow, long-term appreciation, or an owner-occupant investment strategy, this property checks all the boxes! One unit is vacant and easy to show along with the basement. The occupied units can be seen with an accepted contract. Schedule a showing today!
26031939
MLS
⋅
ACTIVE
Status
3914 Chippewa St, St Louis