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2722-2726 Miami Street 2722 Miami St 6 Unit Apartment Building $680,000 ($113,333/Unit) 9.69% Cap Rate Saint Louis, MO 63118
INVESTMENT HIGHLIGHTS
- Strong 9.70% Cap Rate offering excellent cash flow potential
- Modern finishes throughout with new plumbing, electrical, and mechanicals
- Low-maintenance, stabilized asset with strong rental history
- Six fully updated 2 bed / 2 bath units — turnkey investment opportunity
- In-unit washer and dryer in every apartment — highly desirable tenant feature
EXECUTIVE SUMMARY
2722 Miami Street offers a fully renovated 6-unit multifamily building in the heart of South City, St. Louis, with each unit featuring 2 bedrooms and 2 bathrooms. A full gut rehab was completed in 2020, including new plumbing, electrical, water heaters, roof, flooring, modern kitchens with updated appliances, and in-unit washer/dryers.
Miami Street delivers a 9.69% gross cap rate when fully occupied. Currently, 5 of 6 units are rented, with a pro forma of $7,200 monthly income and roughly $65,860 annual NOI. Each renovated 2-bed, 2-bath unit earns above-market rents, offering investors a turnkey, high-return asset with immediate cash flow.
Miami Street delivers a 9.69% gross cap rate when fully occupied. Currently, 5 of 6 units are rented, with a pro forma of $7,200 monthly income and roughly $65,860 annual NOI. Each renovated 2-bed, 2-bath unit earns above-market rents, offering investors a turnkey, high-return asset with immediate cash flow.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 6 | $1,204 | 1,138 |
1 1
Walk Score®
Very Walkable (88)
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2722-2726 Miami Street | 2722 Miami St
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