Listed by St. Louis Real Estate Society
$349,900
3416 Indiana Avenue
Details
Property Type Multifamily
Square Footage 3,234
Cap Rate 6.78%
NOI $23,736
Occupancy 100%
Tenancy Multi
Price per SqFt $108
Year Built 1930
Buildings 1
Acreage 0.110
Zoning Residential
Investment Type Stabilized
Sale Condition N/A
South City Turnkey Investment Opportunity
Marketing description
Each unit offers a private 1 bed, 1 bath layout with a strong mix of historic character and modern functionality. Major improvements include updates to electric, plumbing, stacks, modern central HVAC, and a newer roof. Interiors feature original hardwood floors and historic woodwork paired with updated kitchens and baths. Tenants also enjoy private rear decks and basements with individually locked storage spaces and dedicated washer/dryer hookups for each unit. Located on a one-way street directly connected to Cherokee Street’s thriving business and entertainment district, this property offers strong tenant appeal in a highly desirable South St. Louis location.
Investment highlights
- Each unit offers a private 1 bed, 1 bath layout
- Major improvements include updates to electric, plumbing, stacks, modern central HVAC, and a newer roof.
- Original hardwood floors and historic woodwork paired with updated kitchens and baths.
- Private rear decks and basements with individually locked storage spaces and dedicated washer/dryer hookups for each unit.
- Located on a one-way street directly connected to Cherokee Street’s thriving business district
Listing Contacts
Listed by St. Louis Real Estate Society
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$23,735.75
$1,977.98/mo
Valuation Metrics
0
DSCR
6.78%
Cap Rate
6.78%
ROI
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