Property Description

SIX BRAND NEW UNITS, TWO BUILDINGS, DEAD CENTER OF SOULARD - the most MAINTENANCE-FREE investment on the MLS! Fall 2026 top-to-bottom renovation of an adjoining brick 2-family & 4-family: BRAND NEW ROOFS, FURNACES, A/C, WATER HEATERS & ELECTRICAL, ALL NEW PEX WATER LINES & PVC STACKS, FULLY TUCKPOINTED. ALL SIX UNITS are 2 BED / 1 BATH with IN-UNIT LAUNDRY, QUARTZ COUNTERS, BIG SOFT-CLOSE CABINETS, TILE BATHS, DURABLE LVP FLOORING THROUGHOUT, EXPOSED BRICK & HIGH CEILINGS. 9 GATED OFF-STREET SPACES - parking for every unit, nearly unheard of in Soulard. Leased at $1,600, $1,650 & $1,687 PLUS $110/mo per unit in utility & parking fees; three more targeted at $1,650. 8.4% pro forma cap at just $183K PER UNIT - $65K LESS than buying the buildings separately. Walk to the Market, bars & restaurants. SELLER NEEDS TO SELL BEFORE 2027 - TOUR THE PROPERTY AND WRITE AN OFFER!

Property Features

Local Schools