BEDS0
BATHS
SQUARE FEET2,670
MLS#26057490
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONBells Add
SCHOOLSt Louis City
Property Description
Excellent investment opportunity at 3628-3630 Arkansas Ave! This fully occupied 4-family property offers four 1-bedroom, 1-bath units, providing immediate rental income from day one. Each unit is currently rented at $750 per month, generating $3,000 in gross monthly income and $36,000 in annual gross rental income.Offered at $314,900, the property provides an attractive 11.43% gross rent yield based on current rents. Three of the four units are currently occupied by Section 8 tenants, providing an established rental history and income stream.Tenants are responsible for their own electric and gas utilities. Owner pays water, sewer, trash, and landscaping.A great opportunity for an investor looking to add a fully occupied multifamily asset to their portfolio with existing management and tenants already in place. Please do not disturb tenants. Property to be sold subject to tenants' rights. Buyer to verify all financial information, rents, expenses, and property details.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full, Interior Entry, Storage Space, Unfinished
Basement: Yes
Cooling: Ceiling Fan(s), Central Air
Heating: Forced Air, Natural Gas
Home Style: Traditional
Lot Size: 0.11 Acres
Taxes: $1,960
Year Built: 1960
Amenities
Center Hall Floorplan
Feature Descriptions
Appliances: Electric Range, Gas Range, Refrigerator
Days on Site: 1
Exterior: Brick
Laundry: In Basement
Lot: Back Yard, City Lot, Few Trees
Parcel#: 1611-00-0055-0
Parking: Alley Access, Off Street, On Street, Parking Pad
Parking Notes: Alley Access, Off Street, On Street, Parking Pad
SQFT. Above Grade: 2670
Units: 4
Water: Public
Local Schools
High School: Roosevelt High
Middle School: Fanning Middle Community Ed.
Elementary School: Froebel Elem.
School District: St Louis City
Listed By / Shown By
Listed By
Agency Name: Gateway Real Estate
Shown By
Agent Name: Discover Saint Louis Homes
Agent Phone:
Agency Title: RedKey Realty Leaders
Estimate Your Payment
Estimated Payment
$ 1,970.80 per month $1,715.62 Principal & Interest $163.33 Property Tax $91.85 Homeowner's Insurance
3628 Arkansas Avenue | MLS# 26057490
This multi-family property located at 3628 Arkansas Avenue , Saint Louis, MO 63118 is currently listed for sale with an asking price of $314,900. Arkansas Avenue is located within the St Louis City school district. Search Saint Louis real estate on www.discoversaintlouishomes.com today.