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5706 Thekla 5706 Thekla Ave 8 Unit Apartment Building $430,000 ($53,750/Unit) 9.79% Cap Rate Saint Louis, MO 63120
Executive Summary
Turnkey 8-unit investment opportunity with strong cash flow. This fully renovated building has been updated from top to bottom, offering a true hands-off asset for the next owner. With projected rental income exceeding $5,500 per month, this property is ideal for investors looking to step into immediate income with minimal maintenance. Each unit has been improved to attract quality tenants, helping reduce vacancy and maximize long-term returns. The property is positioned for stable cash flow and continued appreciation, making it a great addition to any portfolio. Sit back and collect with this low-maintenance, income-producing asset. Contact us today before it is gone tomorrow.
Property Facts
| Price | $430,000 | Apartment Style | Low-Rise |
| Price Per Unit | $53,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 9.79% | Building Size | 7,992 SF |
| No. Units | 8 | Average Occupancy | 87% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1964/2022 |
| Zoning | F | ||
| Price | $430,000 |
| Price Per Unit | $53,750 |
| Sale Type | Investment |
| Cap Rate | 9.79% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 7,992 SF |
| Average Occupancy | 87% |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2022 |
| Zoning | F |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Freezer
- Large Bedrooms
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $750.00 | 650 |
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Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5122-00-0220-0 | Improvements Assessment | $30,400 |
| Land Assessment | $1,440 | Total Assessment | $31,840 |
Property Taxes
Parcel Number
5122-00-0220-0
Land Assessment
$1,440
Improvements Assessment
$30,400
Total Assessment
$31,840
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5706 Thekla | 5706 Thekla Ave
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