5343 Vernon Ave 4 Unit Apartment Building $429,000 ($107,250/Unit) 12.28% Cap Rate Saint Louis, MO 63112

5343 Vernon Avenue presents an opportunity to acquire a fully occupied four-unit multifamily asset in St. Louis' Visitation Park neighborhood. The property consists of four residential units, each configured with two bedrooms and one bathroom. Recent capital improvements throughout the building provide investors with a substantially updated asset featuring modern finishes and reduced near-term maintenance requirements. Each unit has been upgraded with granite countertops and updated appliances, creating an attractive living environment for residents. Ownership has completed extensive building improvements, including new plumbing, new water lines, new windows, and a new roof backed by a five-year warranty. In addition, all major building systems have been replaced, providing added operational reliability and supporting long-term ownership objectives. The property's fully leased status offers immediate in-place occupancy, allowing investors to acquire a stabilized multifamily asset with existing rental income. Located within the established Visitation Park neighborhood, the property benefits from access to major transportation corridors, employment centers, retail amenities, educational institutions, and community services throughout the St. Louis metropolitan area. The combination of a fully occupied rent roll, extensive recent renovations, and modernized building infrastructure positions the asset as a turnkey multifamily investment opportunity. Seller financing may be available for qualified buyers.