3113-3115 Magnolia ave
Property Description
Don't miss this solid brick quadplex in one of St. Louis' most sought-after rental neighborhoods. Each unit offers 1 bedroom, 1 bath (with one unit featuring 1.5 baths), giving tenants comfortable layouts that are always in demand. This building is already a proven income producer: Unit 1: Vacant Unit 2: $795/month Unit 3: $850/month Unit 4: $875/month That's a potential $3,420 per month in gross rental income-a strong cash flow for any savvy investor. With three units occupied and one ready to fill, you'll have immediate returns plus the option to raise rents to match neighborhood averages. Located in prime Tower Grove East, this property benefits from easy walkability, quick access to Tower Grove Park, dining, and entertainment. Units in this area lease quickly, making this a low-vacancy, high-demand investment. Please note: One unit is available for showings now. The occupied units can be viewed with an accepted contract. Property to be sold as-is. This is your chance to add a high-performing asset in a premium location to your portfolio-schedule your showing today!
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $347,000 |
| No. of Units: | 4 |
| Year Built: | 1884 |
| Lot Size: | 2,924.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $86,750 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-MARISMO-26018245
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