4337 STRODTMAN PL Saint Louis MO 63107-1939

This all-brick two-family offers a solid opportunity to expand your rental portfolio. Both units are currently occupied, providing immediate cash flow from day one. Each unit features spacious layouts with classic city charm, and the property sits in a convenient location with easy access to highways, public transit, and downtown. Can be sold as a package with 4306 Strodtman, 4309 Blair, 4417 Strodtman, 1923 Newhouse, 4410 N 19th, 4512 N 19th and 4315 N 9th. 3bd/1ba units. Rents are $610 and $850 No seller financing

Financial Details

• Annual Taxes: $564 (Extremely low, which helps significantly with monthly cash flow).

• Tax Assessed Value: $6,650 (This is the municipal valuation for tax purposes, not the market value).

• Days on Market: 52 days (This suggests the property has had some exposure but hasn't moved yet, or is part of the larger 8-property portfolio negotiations).

• Special Conditions: "Listing As Is." This means the seller will not be making repairs or offering credits for issues found during an inspection. You should budget for immediate maintenance or "deferred maintenance" typical of 1904 brick buildings.

Investment Analysis

• Income (from previous data): The units rent for $610 and $850 ($1,460 total/month).

• Gross Annual Income: $17,520.

• Price: $130,000.

• The "1% Rule" Check: In many markets, investors look for the monthly rent to be 1% of the purchase price ($1,300 in this case). At $1,460/month, this property exceeds the 1% rule, making it a strong candidate for cash flow.

Key Considerations

1. "As-Is" Status: Since it's an all-brick building from 1904, a professional inspection is critical to check the tuckpointing (brick mortar), the roof, and the basement foundation.

2. Listing Terms: It accepts Cash or Conventional financing. Many "as-is" properties in this price range require cash because they might not pass the strict appraisal requirements for FHA or VA loans.

3. Neighborhood: College Hill is an area with many historic homes and significant investment potential, but it is important to verify local vacancy rates and neighborhood trends.