6 apartment units in beautiful Benton Park, fully leased and currently generating $6,925/month in income.
This property brings in $83,100/annually and with the expenses being $16,532/annually, this makes the in-place cap rate an attractive 8.21%.
Every unit is fully updated with in-unit laundry, hardwood floors & nice finishes throughout.
The Benton Park location is walking distance to Benton Park Cafe, Venice Cafe, Blue City Deli, Saturn Lounge Record Bar, Gus’s Pretzel, Peacemaker Lobster & Crab, Frazier’s Restaurant, Imos Pizza, Station #3 Vegan Food, & many more.
This sale includes 6 units among 2 buildings with a shared courtyard. All units are 1bed/1bath and rents range from $1025-$1250/month.
Amazing investment opportunity to own 6 units in one of the best areas of St Louis City, fully leased with great rents.
Brings in $6,925/month currently or $83,100/annually
Expenses are $1377/month or $16,532/annually
The in-place cap rate is 8.21%
Lot & Building Features
CoolingElectric
Heat SourceGas
HeatingForced Air
Parking DescriptionOn Street
SewerPublic Sewer
Tax Year2023
WaterPublic
Lot Dimensions25x125 ft
Community and Schools
Elementary SchoolMonroe Elem.
Junior High SchoolFanning Middle Community Ed.
Senior High SchoolRoosevelt High
Price History of 1904 Cherokee Street, St Louis, MO
Date
Name
Price
Difference
11/27/2024
Listing Price
$760,000
N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
1904 Cherokee Street (MLS #24073702) is a multi-family listing located in St Louis, MO.
This multi-family listing is on a lot of 3,123 sqft (or 0.07 acres) and is 134 years old. This property was listed on 11/27/2024 and has been priced for sale at $760,000.
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