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1108 Bates St 12 Unit Apartment Building $650,000 ($54,167/Unit) Saint Louis, MO 63111
EXECUTIVE SUMMARY
12-unit investment property located in the Holly Hills neighborhood, just a short walk from Carondelet Park. This well-maintained 12-unit building is a prime investment opportunity with upside. The property features a mix of 8 one-bedroom/one-bath units and 4 studio apartments, each ranging between 400 to 500 square feet. This is ideal for easy maintenance and consistent tenant demand. 8 of the 12 units have been updated, offering new finishes while still leaving value-add potential through future renovations and rent increases. This property is perfectly positioned for long-term growth. Whether you're expanding your portfolio or entering the multifamily market, this is an opportunity you don't want to miss.
PROPERTY FACTS Under Contract
| Price | $650,000 | Building Class | C |
| Price Per Unit | $54,167 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 7,586 SF |
| No. Units | 12 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1958 |
| Apartment Style | Low-Rise | Parking Ratio | 1.83/1,000 SF |
| Zoning | F - Neighborhood Commercial District | ||
| Price | $650,000 |
| Price Per Unit | $54,167 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 7,586 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 1.83/1,000 SF |
| Zoning | F - Neighborhood Commercial District |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Tile Floors
- Kitchen
- Hardwood Floors
- Refrigerator
- Range
SITE AMENITIES
- 24 Hour Access
- Walking/Biking Trails
- Storage Space
- Public Transportation
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
| Studios | 4 | - | - |
1 1
Walk Score®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 2874-00-0020-0 | Improvements Assessment | $63,060 |
| Land Assessment | $4,960 | Total Assessment | $68,020 |
PROPERTY TAXES
Parcel Number
2874-00-0020-0
Land Assessment
$4,960
Improvements Assessment
$63,060
Total Assessment
$68,020
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1108 Bates St
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