1936 Benton ST St Louis, MO 63106
26,085 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5 Family or More
Listing Status Active
Purchase Type For Sale
Square Footage 26,085 sqft
Price per Sqft $44
Subdivision Union Addition
MLS Listing ID 25053581
Year Built 1890
Property Sub-Type 5 Family or More
Property Description
The current rent roll totals $17,690 which includes two vacant units and two down units. This allows investors to raise occupancy and renovate the two down units to increase cash flow significantly. With the current rent roll annualized and T12 expenses, the property is performing at a 10.89% cap rate which offers incredibly strong returns with great upside potential. Please reach out to the brokers with any questions.
24 Multifamily Units Fully Renovated in 2013
12.80% Cap Rate w/ In Place RR & T12 Expenses
Very Strong In-Place Performance w/ Significant Upside
Walkable to the Brand New NGA Campus
Mix of 1 Bd / 1Ba, 1 Bd / 1.5 Ba and 2 Bd / 1.5 Ba Units
Location
State MO
County St Louis City
Area 5 - North
Rooms
Basement Concrete
Interior
Heating Forced Air
Cooling Ceiling Fan(s), Central Air
Flooring Carpet, Vinyl
Fireplaces Type None
Fireplace Y
Appliance Stainless Steel Appliance(s), Ice Maker, Gas Oven, Range, Range Hood
Laundry Electric Dryer Hookup, Gas Dryer Hookup
Exterior
Parking Features false
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Roof Type Architectural Shingle,Flat,Membrane
Private Pool false
Building
Lot Description City Lot, Corner Lot, Near Public Transit
Water Public
Architectural Style Historic
Level or Stories Two and a Half
Structure Type Brick
Schools
Elementary Schools Columbia Elem. Comm. Ed. Center
Middle Schools Yeatman-Liddell Middle School
High Schools Vashon High
School District St. Louis City
Others
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Standard