Active
1904 Cherokee Street
St Louis MO, 63118
$760,000
Active
Commercial
Built in 1890
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%
24073702
MLSⓇ ID
November 27, 2024
Listed
November 28, 2024
Updated
Map
1904 Cherokee Street
St Louis MO, 63118
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Electric
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
0.07 Acres
Sewer
Public Sewer
School Information
School District
St. Louis City
High School
Roosevelt High
Elementary School
Monroe Elem.
Other Property Details
Area Name
Central East
Taxes
$907
Tax Frequency
Annually
Days on Market
1
Garage
No
Parking
On Street
View
No
County
St Louis City
Municipality
St. Louis City
Water Source
Public
Pool
No
Courtesy of The Agency, Anthony M Klier
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