922 Allen Avenue
Property Description
100% LEASED | FULLY FURNISHED | 7.25% CAP ON ACTUAL T-12. A turnkey 7-unit income package in the heart of historic Soulard that simply performs. Offered at $1,434,000 on $142,510 in-place income, $154,200 gross potential, and $103,934 actual T-12 NOI. Three all-brick residences (922-926 Allen) were taken to the studs in 2018 - new HVAC, electric, plumbing and roof - and are leased FURNISHED to traveling nurses and corporate professionals whose rent is paid by employer housing stipends: premium rents with a zero-collection-loss track record. Every home delivers in-unit laundry, updated kitchens, hardwood floors, central air and private decks/patio, plus off-street parking and basement storage. THE UPSIDE: SSM Health SLU and BJC/Barnes-Jewish hospitals are minutes away (endless travel-nurse demand), and Soulard has virtually NO hotels - so these turnkey furnished units can flip to short-term/Airbnb on day one (seller has never operated STR). Walk to McGurk's, Molly's, the Farmers Market and the Anheuser-Busch Brewery in St. Louis's most walkable, Mardi Gras-famous neighborhood. Renovated, leased, stipend-backed and priced to move.
Broker Details
The Agency (314) 280-9996
MLS ID: ANTKLIER State License Number: 2007032934
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,434,000 |
| No. of Units: | 7 |
| Year Built: | 1893 |
| Lot Size: | 7,732.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $204,857 |
| Property Website | Click Here |
| Number of Bedrooms: | 7 |
| Number of Bathrooms: | 6 |
ID: 3yd-MARISMO-26046055
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
315 Potomac Avenue, Unit 0
Terre Haute, Indiana
1825 S Crawford Road
Mt Pleasant, Michigan
1825 S Crawford Road
Mt Pleasant, MichiganBrokers
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