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About This Home

This 0-bedroom, 0-bathroom residential multi family at 2835 Miami Street in Saint Louis, MO is listed for $249,900 ($75 per sqft). Built in 1915, the home offers 3,350 sqft of living space on a 0.12 acres lot.

Agent Description

Don't miss this opportunity to acquire a fully updated, professionally managed four family property in South City, just two blocks from the Historic Cherokee Street District! The numbers work from day one. Three tenants are already in place with current rents of $635, $650, and $650.

A huge upside for investors and owner occupants alike. Rents in this area are pushing $750–$800 per unit, meaning a savvy investor can capture an additional $465–$615 per month in gross income simply by bringing rents to market. For the owner occupant, this is your house hack.

One vacant unit is move in ready with a passed occupancy inspection, allowing you to live in one unit while your tenants pay down your mortgage. Few opportunities in this price range offer this level of immediate flexibility. What sets this property apart: All four units updated during seller's ownership.

Newer LVP flooring throughout with spacious layouts in every unit. Professionally managed with quality tenants already in place. Many major expenses have already addressed by the seller including tuck pointing, roof repairs, full unit rehabs, and sewer lateral work.

Much of the heavy lifting has been done. You're buying stabilized cash flow with a clear path to increased returns. The second floor units feature private bedrooms. The first floor units offer walk through bedroom layouts. The 1st floor vacant unit and left-side basement are available for immediate showings. Occupied units available with accepted contract. **No seller financing** Schedule your showing today!

Key Features

  • Built in 1915
  • 0.12 acre lot
  • Fireplace

Property Details

1915

Amenities

FireplaceBasement

Monthly Cost Estimate

$1,337/mo

20% down · 6.5% · 30 years

Principal$181
Interest$1,083
Insurance$73

Estimates only. Actual payments may vary.

Location

2835 Miami Street

Saint Louis, MO 63118

St Louis Commons Add

Features & Amenities

Exterior Features

LevelFencing

Property Details

Flooring

Vinyl

Construction

Brick

Heating

Fireplace(s)Forced Air

Cooling

Multi UnitsWindow Unit(s)

Appliances

Oven - GasRefrigerator

Questions & Answers

This 0-bedroom, 0-bathroom residential multi family at 2835 Miami Street is listed at $249,900 ($75/sqft). The estimated monthly payment is $1,083 based on 20% down at 6.5% interest.

Key features include: Built in 1915, 0.12 acre lot, Fireplace. Exterior Features: Level, Fencing.

This property is listed by Brian Miller and can be reached at 3146512261 or brian@stlmogul.com.

BM

Brian Miller

Agent at Mogul Realty

(314) 651-2261

Listed by Mogul Realty · View on Broker Site

MLS# 26013980· Source: listhub· Updated today

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2835 Miami Street, Saint Louis, MO 63118

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