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3921 Shenandoah Avenue

St Louis, MO 63110

Property Overview
Price: $799,900
City: St Louis
County: St Louis City
Sale/Lease: Sale
Status: Active
MLS Number: 24067005
Property Description
ENORMOUS 4-Family building in the heart of the prestigious Shaw neighborhood has two 4 bedroom and two 3 bedroom units and is currently producing a 7.3% Cap Rate with 10.3% Proforma and Current NOI of $58,331! 3 of 4 Units have been updated in recent years, along with 2 new HVAC & Water Heaters 2024, 1 New AC 2025. Recent Tuckpointing on all sides, 3 of 4 units are subsidized rent for guaranteed stability. The 4th is MTM, coincidentally the unit that has not been updated due to a long-term tenant – but that would make it perfect for an owner occupant to move in, add your own touches to your preference and make this your home! Seller not interested and won't consider offers including seller financing, or creative financing, but welcomes your CASH, or Conventionally backed contracts. We MAY be able to arrange listing agent accompanied viewings of the basement for serious buyers with proof of funds. Tenants will not be disturbed w/o a contract.
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Featured Agent
Paul Cunningham
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