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+16364874202
Hero Realty, LLC
3644-3646 Bates St, St Louis, MO 63116
- $375,000
- 3,552
- SqFt
- List Price
- $375,000
- Days on Market
- 63
- 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
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
Listing courtesy of Christoph Dewald. EXP Realty, LLC
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