3644-3646 Bates St, St Louis, MO 63116
- $375,000
- 3,552
- SqFt
- List Price
- $375,000
- Days on Market
- 7
- MLS#
- 26051182
- Status
- ACTIVE
- Living Sq. Ft
- 3,552
- Lot Size
- 6,673
- Acres
- 0.15
- Year Built
- 1927
- Subdivision
- Garnd Dover Park
- Municipality
- St. Louis City
- County
- St Louis City
- Listing Type
- Multifamily
Property Description
Attention Investors - FULLY occupied, updated fourplex building complex with an attractive cap rate of 7% and an outstanding location! Excellent opportunity to add this income-producing fourplex in Holly Hills to your investment portfolio. Updates include a new TPO roof from 2024. All units have a laundry area/ washer & dryer located in the basement. Well maintained & upkept investment property - each unit has a functional layout! Private parking in back with additional on street parking. This multifamily property generates approximately $46,020 in annual rental income with reported annual operating expenses of approximately $10,393, producing an estimated Net Operating Income (NOI) of $35,627. Four rental units providing multiple income streams under one roof, this property presents an opportunity for investors seeking immediate rental income, portfolio growth, and long-term appreciation potential. Centrally located - urban living w/ quick highway access, close to Carondelet Park, right by shopping & all other amenities. This is an exceptional opportunity to add this cash flowing to your portfolio! Call now for more information
Additional Information
- School District
- St. Louis City
- Elementary School
- Woerner Elem.
- Jr. High School
- Lyon-Blow Middle
- Sr. High School
- Roosevelt High
- Parking Description
- Additional Parking, Off Street, On Site, On Street, Parking Pad
- Cooling
- Central Air
- Heating
- Forced Air
- Water
- Public
- Selling Terms
- Cash, Conventional, FHA, VA Loan
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Listing courtesy of EXP Realty, LLC.
Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange. Information From Third Parties, Deemed Reliable But Not Verified
