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2704 Arsenal St
Saint Louis, MO 63118
Multifamily Property For Sale
·
3 Units
INVESTMENT HIGHLIGHTS
- Appealing location with ongoing gentrification
- Newer windows, central air with newer HVAC systems (one new in 2/21, newer water heaters, updated electric
- One spacious townhome style unit, two 1-bed units
EXECUTIVE SUMMARY
Formerly a 4-family, this property has been renovated to feature two 1-bed units and one townhome-style 3-bed unit. The latter spans two floors with living room, dining room, 3 bedrooms, 1.5 baths, in-unit laundry, and a large eat-in kitchen with double door refrigerator, built-in microwave, dishwasher, and disposal. Hardwood floors throughout except for LVP on 2F of townhouse. All kitchens and baths have tile flooring. 2F 1-bed is private; 1F 1-bed is shotgun. Newer windows, central air with newer HVAC systems (one new in 2/21, newer water heaters, updated electric, and large yard with privacy fence. Two new refrigerators and one new microwave. It’s close to major highways and all the fun city life activities. Fully occupied; units can be shown with an accepted offer. Rentometer indicates average of $1454 for townhome, and an average of $755 for the 1/1 units. With rents at $725, $650, and $1395 the gross annual income is $33,240 less annual operating expenses of $10,232, the NOI is $23.008, making this an 9.79% cap rate at asking price.
PROPERTY FACTS
| Price Per Unit | $78,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| No. Units | 3 | Building Size | 4,066 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1908 |
| Zoning | F - Neighborhood commercial district | ||
| Price Per Unit | $78,333 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 4,066 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1908 |
| Zoning | F - Neighborhood commercial district |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Basement
- Dining Room
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | $725.00 | - |
| 1+1 | 1 | $650.00 | - |
PROPERTY TAXES
| Parcel Number | 1758-00-0060-0 | Improvements Assessment | $5,930 |
| Land Assessment | $1,710 | Total Assessment | $7,640 |
PROPERTY TAXES
Parcel Number
1758-00-0060-0
Land Assessment
$1,710
Improvements Assessment
$5,930
Total Assessment
$7,640
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