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2845 Meramec St - 2845 Meramec St. 4 Unit Apartment Building Offered at $307,000 at a 10.30% Cap Rate Saint Louis, MO 63118
Investment Highlights
- Updated sewer lateral, roof, HVAC, and more!
- Fenced yard
- Off-street parking
Executive Summary
Income-generating, occupied 4-family! This updated brick building is the perfect opportunity to start or expand your investment portfolio. All four units have been improved with major big-ticket updates in 2018 including, but not limited: sewer lateral, 200 amp panels & electric, roof, windows, interior plumbing, updated baths/kitchens and HVAC. Each unit features a functional layout with a spacious living room, kitchen, large full bath, and 1 bedroom. Tenants enjoy off-street parking and a fenced yard, plus convenient access to public transportation. Current rents are $800 per unit with room to increase, providing solid income from day one. All tenants are currently month-to-month, but are willing to sign year leases, offering both flexibility and future stability. Don’t miss this turnkey investment opportunity!
Property Facts
| Price | $307,000 | Property Type | Multifamily |
| Price Per Unit | $76,750 | Building Size | 3,400 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 10.30% | No. Stories | 2 |
| No. Units | 4 | Year Built | 1924 |
| Zoning | F - Neighborhood Commercial-F | ||
| Price | $307,000 |
| Price Per Unit | $76,750 |
| Sale Type | Investment |
| Cap Rate | 10.30% |
| No. Units | 4 |
| Property Type | Multifamily |
| Building Size | 3,400 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1924 |
| Zoning | F - Neighborhood Commercial-F |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
1 1
Moderately walkable
70/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 2626-00-0300-0 | Improvements Assessment | $9,790 |
| Land Assessment | $1,520 | Total Assessment | $11,310 |
Property Taxes
Parcel Number
2626-00-0300-0
Land Assessment
$1,520
Improvements Assessment
$9,790
Total Assessment
$11,310
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2845 Meramec St - 2845 Meramec St.
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