Courtesy of: Anthony Klier, The Agency, ak@theagencystl.com
Courtesy of: Anthony Klier, The Agency, ak@theagencystl.com
$760,000
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Lot: 0.07 Acres
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Other
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$760,000
1904 Cherokee Street 6 apartment units in beautiful Benton Park, fully leased and currently generating $6, 925/month in income. This property brings in $83, 100/annually and with the expenses being $16, 532/annually, this makes the in-place cap rate an attractive 8.21%. Every unit is fully updated with in-unit laundry, hardwood floors & nice finishes throughout. The Benton Park location is walking distance to Benton Park Cafe, Venice Cafe, Blue City Deli, Saturn Lounge Record Bar, Gus’s Pretzel, Peacemaker Lobster & Crab, Frazier’s Restaurant, Imos Pizza, Station #3 Vegan Food, & many more. This sale includes 6 units among 2 buildings with a shared courtyard. All units are 1bed/1bath and rents range from $1025-$1250/month. Amazing investment opportunity to own 6 units in one of the best areas of St Louis City, fully leased with great rents. Brings in $6, 925/month currently or $83, 100/annually Expenses are $1377/month or $16, 532/annually The in-place cap rate is 8.21%
Courtesy of: Anthony Klier, The Agency, ak@theagencystl.com
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