3215 Nebraska Ave, St Louis, MO 63118

Property Description

Exceptional opportunity to acquire a fully renovated 4-family property in the heart of Benton Park West. This turnkey asset features two spacious 3 bed/1 bath units on the upper level, both currently leased at $1,800/month, plus two renovated 2 bed/1 bath units on the first floor that were previously rented for $1,400/month each. Encompassing more than 5,700 square feet of living space, this property offers substantially larger floor plans than typically found in the neighborhood, featuring oversized bedrooms and expansive open-concept living, dining, and kitchen areas that appeal to today's renters. All four apartments have undergone extensive renovations including newer flooring, resurfaced walls, updated electrical and plumbing systems, newer mechanicals, newer windows, a newer roof, and completely renovated kitchens and bathrooms. All 4 kitchens boast modern modern finishes with 42-inch shaker cabinets, quartz countertops, and stainless steel appliances. Each apartment is equipped with in-unit high efficiency washer and dryer, contributing to tenant retention and rental demand. The generous layouts provide flexibility for a variety of living arrangements, including move-up renters, remote work setups, multigenerational households, and residents who enjoy entertaining. Tenants also enjoy rear green space, private decks off the upper-level units, and a four-car off-street parking pad with alley access. Located in one of South St. Louis' most vibrant and walkable neighborhoods, residents are just minutes from beautiful Benton Park and Cherokee Street's eclectic mix of restaurants, coffee shops, antique shops, art galleries, live music venues, and popular community events. Cherokee Street's unique blend of local businesses, cultural attractions, and neighborhood festivals continues to drive strong tenant demand, while Benton Park West's historic character and ongoing investment make it one of South City's most sought-after rental markets. A rare opportunity to acquire a low-maintenance multifamily asset offering strong in-place income, extensive capital improvements, and unit sizes rarely found in Benton Park West.