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Hero Realty, LLC
2704 Arsenal St, St Louis, MO 63118
- $225,000
- 4,066
- SqFt
- Sold Price
- $225,000
- List Price
- $235,000
- Closing Date
- Jan 16, 2026
- Days on Market
- 94
- MLS#
- 25069365
- Status
- CLOSED
- Living Sq. Ft
- 4,066
- Lot Size
- 5,048
- Acres
- 0.12
- Year Built
- 1908
- Subdivision
- Delanos Add
- Municipality
- St. Louis City
- County
- St Louis City
- Listing Type
- Multifamily
Property Description
Formerly a 4-family, this property has been renovated to feature two 1-bed units and one townhome-style 3-bed unit. The latter spans two floors with living room, dining room, 3 bedrooms, 1.5 baths, in-unit laundry, and a large eat-in kitchen with double door refrigerator, built-in microwave, dishwasher, and disposal. Hardwood floors throughout except for LVP on 2F of townhouse. All kitchens and baths have tile flooring. 2F 1-bed is private; 1F 1-bed is shotgun. Newer windows, central air with newer HVAC systems (one new in 2/21, newer water heaters, updated electric, and large yard with privacy fence. Two new refrigerators and one new microwave. It’s close to major highways and all the fun city life activities. Fully occupied; units can be shown with an accepted offer. Rentometer indicates average of $1454 for townhome, and an average of $755 for the 1/1 units. With rents at $725, $650, and $1395 the gross annual income is $33,240 less annual operating expenses of $10,232, the NOI is $23.008, making this an 9.79% cap rate at asking price.
Additional Information
- School District
- St. Louis City
- Elementary School
- Sigel Elem. Comm. Ed. Center
- Jr. High School
- Fanning Middle Community Ed.
- Sr. High School
- Roosevelt High
- Parking Description
- No Driveway, On Street
- Cooling
- Ceiling Fan(s), Central Air
- Heating
- Forced Air, Natural Gas
- Water
- Public
- Selling Terms
- 1031 Exchange, Cash, Conventional, FHA, Private, VA Loan
Listing courtesy of Tammy Derrigan. Worth Clark Realty
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