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2715 Arkansas Avenue

St Louis, MO 63118

Property Overview
Price: $485,000
City: St Louis
County: St Louis City
Sale/Lease: Sale
Status: Active Under Contract
MLS Number: 25033592
Property Description
Historic charm meets modern aesthetics in this turnkey 4-family in Tower Grove East. Beautifully renovated in 2020, each 1/1 unit features an open floor plan, tall ceilings, custom cabinets, granite counters, stainless steel appliances, in-unit laundry, LVP & tile flooring. The building boasts all new wiring, plumbing, stacks, sewer lateral, HVAC, water heaters, electric panels, and windows. New TPO roof in 2022. Within walking distance to Tower Grove Park, MOBOT, Starbucks, and all the great shops, restaurants and entertainment on and near S. Grand. Minutes from I-64/44/55 and world-renowned hospitals, SLU, Chaifetz, and more. Seller was owner-occupant with attention to detail for maintenance. One unit open for showings & owner occupant. Roof photos here: https://tinyurl.com/ArkansasRoof1 . Rents are currently 900, 930, and 975; Rentometer indicates 1,049-1,426, with an average of 1238. Current rents (with 975 for vacant unit) - expenses = an NOI of 31,574, an 8.65% cap rate.
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Featured Agent
Marty Ribaudo
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Listing Brokered by Worth Clark Realty
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