3548-3550 Magnolia Ave

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Address: 3548-3550 Magnolia Ave, Saint Louis, Missouri, US
Created date: February 19, 2024
Date last updated: February 19, 2024
  • Incredible Location
  • Rents Well Below Market
  • Great Opportunity for an Owner/Occupant - 1 unit is currently vacant
  • Systems Updated & New Roof in 2018

Property Description

Incredible opportunity to own a 4 family in Tower Grove East near Tower Grove Park. This would be perfect for an owner-user or for an investor to add to their portfolio. Rents are significantly below market - Lease rates in the neighborhood for similar style units are ~$1,100. With the location, there is a tremendous opportunity to utilize a traveling nurses’ program and get significantly higher rents. All units are 1/1 and are approximately 950 SF. The property has updated systems – PVC stakes, updated electrical, 3/4 of the A/C units have been recently replaced, newer hot water heaters, vinyl windows and the roof was replaced in 2018.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $499,000
No. of Units: 4
Average Occupancy: 8.96
Year Built: 1904
Opportunity Zone: No
Price per unit: $124,750
Property Website Click Here
Address: 3548 Magnolia Ave, St. Louis, MO 63118, USA
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