100% Occupied Soulard Multifamily with Rent Growth Potential and Recent Capital Improvements
Rare opportunity to acquire a stabilized 5-unit multifamily property in the heart of Soulard. The property is currently 100% occupied with gross annual rental income of approximately $50,700 and a history of strong occupancy. Current tenants pay their own electric and gas, helping reduce owner operating expenses. Recent major HVAC capital improvements and a TPO roof that was recently sealed provide added confidence for future ownership.
The property features attractive historic brick architecture, hardwood flooring, updated interiors, tenant storage, shared laundry facilities, and two basement areas offering additional functionality for ownership and residents.
Investment upside remains through future rent growth and market-rate alignment as units turn over. Located within walking distance of Soulard's restaurants, entertainment, and employment centers, this is an excellent opportunity for investors seeking a stabilized asset with long-term appreciation potential.
Rent roll, income and expense statements, and additional financial information available upon request.
