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

Listings displaying the MARIS logo are courtesy of the participants of MO - Mid America Regional Information Systems (MARIS) Internet Data Exchange. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Lindsey Jacobs shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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