2722 Miami Street offers a fully renovated 6-unit multifamily building in the heart of South City, St. Louis, with each unit featuring 2 bedrooms and 2 bathrooms. A full gut rehab was completed in 2020, including new plumbing, electrical, water heaters, roof, flooring, modern kitchens with updated appliances, and in-unit washer/dryers.
Miami Street delivers a 9.70% gross cap rate when fully occupied. Currently, 5 of 6 units are rented, with a pro forma of $7,200 monthly income and roughly $65,860 annual NOI. Each renovated 2-bed, 2-bath unit earns above-market rents, offering investors a turnkey, high-return asset with immediate cash flow.
