Rock Island Realty

Traditional

3628 Arkansas Avenue

St Louis, MO 63118

MLS#: 26057490

$299,900

Status: Active
Listing number: 26057490
Listing provided by: Gateway Real Estate
Listing agent phone: None
Last update: 20 days ago
On site: a month ago
Browse Properties
Bells Add - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1960

Sq.Footage

2,670

PRICE IMPROVEMENT – Fully Occupied 4-Family Investment Opportunity! Offered at $299,900, this income-producing property at 3628-3630 Arkansas Ave features four 1-bedroom, 1-bath units, all currently occupied and generating immediate rental income. Each unit is currently rented at $750/month, producing $3,000 in gross monthly rent and $36,000 annually. At the new asking price, that's approximately a 12.0% gross rent yield based on current rents. Three of the four units are currently occupied by Section 8 tenants. Tenants are responsible for their own electric and gas. Owner pays water, sewer, trash, and landscaping. Property is currently professionally managed, making this an attractive opportunity for an investor looking to add a stabilized multifamily asset to their portfolio. Please do not disturb tenants. No showings without an accepted contract. Rent roll, leases, tenant ledgers, and occupancy permits are available for review. Buyer and buyer's agent to verify all financial information, rents, expenses, and property details.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Above Grade Finished Area

    2670.0

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Ceiling Fan(s), Central Air

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    Alley Access, Off Street, On Street, Parking Pad

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Features

    Back Yard, City Lot, Few Trees

  • Lot Size(acres)

    0.1148

  • Lot Size(square feet)

    5,000

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

  • Architectural Style

    Traditional

Price

  • Sales Price

    $299,900

  • Tax Amount

    $1,960

  • Financing Options

    Cash, Conventional, FHA

  • Sq. Footage

    2,670

  • Price/SqFt

    $112

HOA

  • Association

    No

School District

  • Elementary School

    Froebel Elem.

  • Middle School

    Fanning Middle Community Ed.

  • High School

    Roosevelt High

Property Features

  • New Construction

    NO

  • Ownership

    Private

  • Senior Community YN

    NO

  • Water Source

    Public

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Location

County

St Louis City

Elementary School

Froebel Elem.

Middle School

Fanning Middle Community Ed.

High School

Roosevelt High

Listing Courtesy of Miranda Hedrick, Gateway Real Estate

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Agent Erin Svoboda

AGENT

Erin Svoboda

Call Erin today to schedule a private showing.

(573) 286-3841

(573) 365-2311

erin@homeatthelake.com


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PRICE IMPROVEMENT – Fully Occupied 4-Family Investment Opportunity! Offered at $299,900, this income-producing property at 3628-3630 Arkansas Ave features four 1-bedroom, 1-bath units, all currently occupied and generating immediate rental income. Each unit is currently rented at $750/month, producing $3,000 in gross monthly rent and $36,000 annually. At the new asking price, that's approximately a 12.0% gross rent yield based on current rents. Three of the four units are currently occupied by Section 8 tenants. Tenants are responsible for their own electric and gas. Owner pays water, sewer, trash, and landscaping. Property is currently professionally managed, making this an attractive opportunity for an investor looking to add a stabilized multifamily asset to their portfolio. Please do not disturb tenants. No showings without an accepted contract. Rent roll, leases, tenant ledgers, and occupancy permits are available for review. Buyer and buyer's agent to verify all financial information, rents, expenses, and property details.

3628 Arkansas Avenue

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