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27630849
29321461

1956 Sidney St, Saint Louis, MO 63104

KB
MO 2005028487
RedKey Realty Leaders
Listed by RedKey Realty Leaders
$1,250,000
234 days on market
Updated 104 days ago

1956 Sidney St, Saint Louis, MO 63104

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 8,435
Net Rentable (SqFt) 8,435
Units 7
Cap Rate 8.18%
NOI $102,297
Occupancy 100%
Pro-Forma Cap Rate 9.03%
Pro-Forma NOI $112,837
Price per SqFt $148
Class A
Year Built 1887
Year Renovated 2024
Buildings 1
Lot Size (SqFt) 5,750
Zoning D
Investment Type Stabilized
Ownership Private

Multifamily | 7 Units | $0/unit

Marketing description

Price Improvement creates a compelling opportunity on this fully occupied, newly renovated 7-unit apartment building in the heart of the walkable Benton Park neighborhood. Over $250,000 in recent capital improvements deliver a truly turnkey investment with strong, stable income.

Interior renovations feature modern, in-demand layouts with updated kitchens offering white cabinetry, granite countertops, stainless steel appliances, tiled floors, updated hardware, and contemporary lighting. Each unit includes in-unit laundry with washer and dryer, new flooring, and fresh paint throughout. Updated bathrooms showcase subway-tiled tub/shower surrounds, new vanities, and modern fixtures. Bedrooms offer generous closet space, paneled doors, and abundant natural light.

Exterior improvements include tuckpointing, sewer lateral replacement, landscaping, and additional upgrades. Several new HVAC systems and hot water heaters have been installed. All units feature individual HVAC systems and electric panels, helping reduce operating expenses and simplify management.

Located in a high-demand Benton Park rental corridor, close to restaurants, parks, public transportation, and major highways. An excellent opportunity for investors seeking a low-maintenance, stabilized asset in a prime St. Louis neighborhood.

Contact listing agent for financials, to schedule a tour, or for additional information.

Investment highlights

Investment Highlights

  • Rare opportunity to acquire a fully stabilized, renovated 7-unit property in Benton Park

  • $200,000 price improvement creates immediate value and upside

  • Over $250,000 in recent capital improvements, including unit interiors, mechanicals, and exterior upgrades

  • Fully occupied with in-demand unit layouts and modern finishes

  • Separate HVAC systems and electric panels for each unit, minimizing operating expenses

  • Located in one of St. Louis’ strongest rental corridors with consistent tenant demand

  • Low-maintenance asset ideal for passive or portfolio investors

Listing Contacts

KB
MO 2005028487
RedKey Realty Leaders
Listed by RedKey Realty Leaders

Valuation Calculator

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$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$102,297.00
$8,524.75/mo

Valuation Metrics

0
DSCR
8.18%
Cap Rate
8.18%
ROI

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Additional Information

Name
Kathy Bresnahan
License
2005028487
Brokerage
KWSTL
Brokerage Phone
3143224492
Title
Real Estate Broker
Brokerage Address
1717 Hidden Creek Court
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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