8 Unit Building!!

8 Unit Package in 2 separate 4 family buildings, being sold at a 9.4% cap rate. 100% turnkey and generating a NOI of $72k, these buildings have a little something for anyone seeking cashflow! Note this listing has the details of 4731-33 and there is a separate listing for 4735-37 because the BP system only accomodates up to 4 unit builgings.

Two 2 bedroom Units, 6 1 bedroom units, one of which is furnished. A two car garage and a 2 car parking pad are included behind the spacious fenced yards. Stable tenancy is longer term and mostly are at market rates (one exception is a little low). Tenants have been thoroughly vetted and pay electronically and on time. Five Units have Electronic door locks which minimize key management concerns.

Tons of updates 2016-2020 include moderately to nicely updated kitchens and baths, new sewers, one new roof, and a new city water line (4735-4737). Forced Air and Central AC in all units. 4735-37 are nearly identical in finishes with new cabinetry, countertops, tile, flooring, stainless steel appliances. 4731-33 are all updated, more modestly but with full kitchens and 4 peice appliance sets, 2 units have clawfoot tubs (2FL) and 2 have tub/shower combos.

Full photos are linked in the downloadable supporting documentation. Agent has a relationship with ownership, and they are ready to buy thier next building! Will not separate. No showings without an agreed contract, however showings may be available for a short period in September after a tenant move out. Seller will not finance Video tour available is of the furnished unit. Some furnishings may have changed slightly.

Contact me for a copy of the full financials / OM and photos of each unit, one video tour.

Location:

4731 Alaska, St. Louis, MO 63111