Listed by CBRE - Saint Louis
$310,000
4624 Newport Avenue
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,266
Units 4
Cap Rate 7.78%
NOI $24,103
Occupancy 75%
Price per SqFt $95
Year Built 1925
Year Renovated 2024
Buildings 1
Stories 2
Parking Spaces spaces
Investment Type Value Add
4-Unit Multifamily Opportunity in Prime Tower Grove South Location | St. Louis MSA
Investment highlights
Four family income producing property in Prime Tower Grove South
Opportunity for value-add investment
Professional management in place
Spacious, recently remodeled 1 bedroom/1 bathroom units, averaging 816 sq. ft.
Large kitchen and dining area
Full-masonry brick facade in traditional South City St. Louis architectural style
Recent Capital Expenditures includes upgraded electric, HVAC, stacks, and roof replaced in 2024
Off-street parking
Great location, just minutes from Tower Grove Park and South Grand
Listing Contacts
Listed by CBRE - Saint Louis
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$24,103.00
$2,008.58/mo
Valuation Metrics
0
DSCR
7.78%
Cap Rate
7.78%
ROI
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