4731-4733 Alaska, St Louis, MO 63111

Property Description

4731-33 and 4735-37 Alaska can be sold as a package. This listing is for 4731-33 Only. Turnkey 4 Family at a 9.9% cap rate. 100% turnkey and generating a NOI of $33k, this thing is ready to cashflow for you! All HUGE 1 bed units. One of which was furnished and continuously making 1550-1800 monthly to travelling professionals / mid-term for 8 years! It is now being unfurnished to support the sale, but the opportunity is there for buyer to establish their own. Airbnb was the reservation vehicle but they will require cancelling any reservation and removing the listing at sale - so its being done in advance. A two car garage and a 2 car parking pad are included behind the spacious fenced yards. Until recently was used for seller storage, now it can be yours to rent for storage or to tenants for parking. Stable tenancy, market rates, one coming available at end of August could be an opportunity update, re-rent as is, or make an owner occupied unit. The last opening was filled in a week and left a line of tenants looking for other apartments to open up. Tenants have been thoroughly vetted and pay electronically and on time. 3 Units have Electronic door locks which minimize key management concerns. Tons of updates 2016-2020 include moderately to nicely updated kitchens and baths, PVC Sewer, Forced Air and Central AC in all units, 1 new furnaces in 2025, all are maintained biannually, but 3 are older units, functioning acceptablly. 4 peice appliance sets, 2 units have clawfoot tubs (2FL) and 2 have tub/shower combos. Photos for all units linked the downloadable supporting docs and 3D Tours of many are available upon request. Seller has completed full inspections on both available buildings in October 2025 reports are provided in the supplements along with financials, receipts for major work also provided. Two Parcels, Seller prefers to sell as a package, but will separate for the right offer. Be sure to check with your lender on the type of insurance they require, some lenders may require Full Replacement Value which is a bit of a sledgehammer to a thumbtack, but it will cause your insurance to be higher than sellers - so check on the requirements and get a quote while you're considering your offer. Seller will not finance, or accept any sort of “creative” offer. Must relinquish property entirely, using 1031 exchange. Please download the OM for details and deeper financial information, additional pictures and video. All must be reviewed and acknowledged in any offer. Buyers will be responsible to convert electronic door locks, and utilities to their own accounts after closing. Check OM for link to receipts, inspections, photos of each unit, leases, occupancy certificates and more.INSPECTIONS HAVE BEEN PROVIDED by Seller 10/2025 and are linked in the OM. For the month of August and possibly in September we should have one unit available for showings in while turning over. Please inquire.