3530 Arkansas Avenue
Property Description
INVESTOR SPECIAL IN GRAVOIS PARK! All-brick four-family with four 1-bedroom units, priced for the value-add buyer. One unit is currently leased at $650/month. The remaining three units are vacant and need repairs and updates, giving the next owner the chance to renovate, set rents, and place tenants of their choosing. Market rents for comparable 1-bedroom units in the area run approximately $850-$1,000/month depending on the level of renovation. With three units brought to market rent, projected gross income is approximately $3,200-$3,650/month, with further upside as the current lease turns over. Located in Gravois Park, minutes from Cherokee Street and Tower Grove Park, with an easy commute to Saint Louis University and Harris-Stowe State University. Nearby parks, dining, shopping and entertainment support steady rental demand. A strong fit for investors looking to force appreciation and grow a rental portfolio, or for an owner-occupant who wants to live in one unit and renovate the others over time.
Broker Details
EXP Realty, LLC (913) 908-8001
MLS ID: DESMINOR State License Number: 2020001155
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $199,000 |
| Year Built: | 1909 |
| Lot Size: | 3,494.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-MARISMO-26051027
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