1916 Serbian Drive
Property Description
Excellent investment opportunity at 1916 Serbian Drive in St. Louis! This well-maintained 4-unit residential building offers immediate rental income with 3 of the 4 units currently occupied, making it an attractive option for both seasoned investors and those looking to expand their rental portfolio. All four units are fully furnished and rent for $1,400 per month per unit, providing a strong income-producing opportunity. The sale includes all furnishings and appliances, allowing a new owner to step into an established, turnkey rental property without the additional expense of furnishing the units. With one unit currently available, a new owner has the potential to increase rental income by leasing the remaining unit, bringing the property to full occupancy. Property Highlights: 4 residential units 3 units currently occupied $1,400/month rent per unit Potential gross rental income of $5,600/month at full occupancy $67,200 potential annual gross rental income All units furnished Appliances included Furnishings included in the sale Turnkey investment opportunity One vacant unit provides immediate upside potential Whether you're looking for a cash-flowing investment or an opportunity to build your rental portfolio, this property offers established rental income, furnished units, and additional upside through full occupancy. Don't miss this opportunity to own an income-producing multifamily property in St. Louis!
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $450,000 |
| Year Built: | 1924 |
| Lot Size: | 3,420.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 4 |
ID: 3yd-MARISMO-26053820
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
922 Allen Avenue
St Louis, MissouriBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout