Under Contract
3306 Louisiana Avenue
St Louis, MO 63118
3,196 sqft
$180,000
Details
Seize the opportunity to own this fully occupied, cash-flowing gem generating $2,035/month with potential for increased rents. This sturdy brick property features central heat and air conditioning in all units, with one newly renovated unit and two long-term tenants. Significant updates include a new roof and sewer laterals in 2021 and 2024, some new appliances, two new furnaces in 2021, a new AC unit in 2023, and a new fence in 2024. With its strong return on investment and room for rent growth, this property is an excellent addition to any investment portfolio. Don’t miss out—make your offer today and capitalize on this outstanding opportunity!
Offered at a 9% Cap, with modest rent increases this easily reaches over a 10% Cap.
Specs
Type Multi-Family
Square Footage 3,196 sqft
Lot Size 0.12 acres
Year Built 1907
Taxes Paid $702
Lots & Building Features
Appliances Some Range Oven(s), Some Refrigerator(s)
Construction Brick
Cooling Gas
Heat Source Gas
Heating Forced Air
Parking Description Off Street
Sewer Public Sewer
Tax Year 2023
Water Public
Lot Dimensions 40x125 ft
Room Details
Misc Description Basement, Deck, Fencing, Laundry Facl-Commty
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Area
City St Louis
County St Louis City
School District St. Louis City
Subdivision Haner Add
Schools
Elementary School Monroe Elem.
Junior High School Fanning Middle Community Ed.
Senior High School Roosevelt High