Rock Island Realty

Apartment Style

3644-3646 Bates Street

St Louis, MO 63116

MLS#: 26051182

$375,000

Status: Active
Listing number: 26051182
Listing provided by: EXP Realty, LLC
Listing agent phone: None
Last update: 4 days ago
On site: a month ago
Browse Properties
Garnd Dover Park - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1927

Sq.Footage

3,552

Attention Investors! FULLY occupied, updated fourplex building complex with an attractive cap rate of 7% and an outstanding location! Excellent opportunity to add this income-producing fourplex in Holly Hills to your investment portfolio. Updates include a new TPO roof from 2024. All units have a laundry area/ washer & dryer located in the basement. Well maintained & upkept investment property - each unit has a functional layout! Private parking in back with additional on street parking. This multifamily property generates approximately $46,020 in annual rental income with reported annual operating expenses of approximately $10,393, producing an estimated Net Operating Income (NOI) of $35,627. Four rental units providing multiple income streams under one roof, this property presents an opportunity for investors seeking immediate rental income, portfolio growth, and long-term appreciation potential. Centrally located - urban living w/ quick highway access, close to Carondelet Park, right by shopping & all other amenities. This is an exceptional opportunity to add this cash flowing to your portfolio! Call NOW

Features & Amenities

Interior

  • Other Interior Features

    Ceiling Fan(s), Eat-in Kitchen

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Central Air, Ceiling Fan(s)

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    Additional Parking, Off Street, On Site, On Street, Parking Pad

  • Patio and Porch Features

    Front Porch

  • Pool

    No

Area & Lot

  • Lot Features

    City Lot

  • Lot Size(acres)

    0.1532

  • Lot Size(square feet)

    6,673

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

  • Architectural Style

    Apartment Style

Price

  • Sales Price

    $375,000

  • Tax Amount

    $3,161

  • Sq. Footage

    3,552

  • Price/SqFt

    $105

HOA

  • Association

    No

School District

  • Elementary School

    Woerner Elem.

  • Middle School

    Lyon-Blow Middle

  • High School

    Roosevelt High

Property Features

  • New Construction

    NO

  • Water Source

    Public

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Location

County

St Louis City

Elementary School

Woerner Elem.

Middle School

Lyon-Blow Middle

High School

Roosevelt High

Listing Courtesy of Christoph Dewald, EXP Realty, LLC

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Agent Greg Tolbert

Agent / Realtor®

Greg Tolbert

Call Greg today to schedule a private showing.

(573) 280-1219

greg@homeatthelake.com


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Attention Investors! FULLY occupied, updated fourplex building complex with an attractive cap rate of 7% and an outstanding location! Excellent opportunity to add this income-producing fourplex in Holly Hills to your investment portfolio. Updates include a new TPO roof from 2024. All units have a laundry area/ washer & dryer located in the basement. Well maintained & upkept investment property - each unit has a functional layout! Private parking in back with additional on street parking. This multifamily property generates approximately $46,020 in annual rental income with reported annual operating expenses of approximately $10,393, producing an estimated Net Operating Income (NOI) of $35,627. Four rental units providing multiple income streams under one roof, this property presents an opportunity for investors seeking immediate rental income, portfolio growth, and long-term appreciation potential. Centrally located - urban living w/ quick highway access, close to Carondelet Park, right by shopping & all other amenities. This is an exceptional opportunity to add this cash flowing to your portfolio! Call NOW

3644-3646 Bates Street

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