Log In/Sign Up
Your email has been sent.
4260-4262 Michigan Ave
Saint Louis, MO 63111
Multifamily Property For Sale
·
6 Units
Investment Highlights
- Fully-leased 6-unit asset featuring all 1 Bed/1 Bath units
- Opportunity to acquire at a competitive basis with the potential to increase cash flow through operational efficiencies and targeted unit upgrades
- Limited new apartment construction at comparable price points supports continued occupancy and rent stability
- New roofing in 2022 with 20-year warranty
- Stable South St. Louis neighborhood with consistent rental demand and low turnover
- Convenient South City location near transit, highways, retail, and amenities
Executive Summary
CBRE, as exclusive marketing advisor, is pleased to present 4260–62 Michigan Avenue, a fully leased six-unit brick apartment building located in South St. Louis. Situated along a quiet residential corridor, the property offers investors a stabilized asset in an established neighborhood supported by strong rental demand and historically low tenant turnover. The building also carries a secondary address of 3119 Chariton Street.
The property consists of six one-bedroom, one-bathroom units, which feature efficient floor plans, hardwood flooring, and an abundance of natural light.
Significant capital improvements include new TPO roofing installed in 2022 with a 20-year warranty, positioning the asset for minimal near-term maintenance and capital expenditures.
The property is situated near major thoroughfares including South Grand Boulevard, I-55, and I-44, allowing for efficient travel to Downtown St. Louis, regional employment centers, and surrounding neighborhoods. Public transportation is readily accessible, with nearby bus routes providing additional commuting options.
The property consists of six one-bedroom, one-bathroom units, which feature efficient floor plans, hardwood flooring, and an abundance of natural light.
Significant capital improvements include new TPO roofing installed in 2022 with a 20-year warranty, positioning the asset for minimal near-term maintenance and capital expenditures.
The property is situated near major thoroughfares including South Grand Boulevard, I-55, and I-44, allowing for efficient travel to Downtown St. Louis, regional employment centers, and surrounding neighborhoods. Public transportation is readily accessible, with nearby bus routes providing additional commuting options.
Property Facts
| Price Per Unit | $60,833 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| No. Units | 6 | Building Size | 7,248 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1928 |
| Zoning | B | ||
| Price Per Unit | $60,833 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 7,248 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1928 |
| Zoning | B |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
Property Taxes
| Parcel Number | 2655-06-0010-0 | Improvements Assessment | $58,160 |
| Land Assessment | $1,250 | Total Assessment | $59,410 |
Property Taxes
Parcel Number
2655-06-0010-0
Land Assessment
$1,250
Improvements Assessment
$58,160
Total Assessment
$59,410
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
