4219 Neosho ST Save Request In-Person Tour Request Virtual Tour
St Louis,MO 63116
Key Details
Property Type Multi-Family
Sub Type Multi-Family 5+
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 7,695 sqft
Price per Sqft $74
Subdivision Gravois Morganford Place Add
MLS Listing ID 24061749
Year Built 1927
Building Age 97
Lot Size 6,887 Sqft
Property Description
Welcome to this 8-unit apartment building in charming Bevo. Built with brick and masonry, it delivers 7,695 sf of curb appeal and durability. Inside are six 2-bed and two 1-bed units, all with private bedrooms, updated baths, and lots of original craftsmanship. Most units have LVP flooring in living room and bedrooms; some 2F units have carpet. The building is all electric, and central air was added in 2022. Pex water lines, updated electric panels, mostly PVC stacks. TPO roof (pre-2018 ownership) with 1/3 recently re-covered by seller. Some off-street parking is available. Tenants enjoy close access to public transportation, restaurants, and shopping, and love having just one utility bill. Current rents + $750 pro forma for vacancy = $66,600 gross annual income, less 2023 basic op. expenses of $17,627 = $48,973, a 8.5% cap at asking price. This property offers consistent cash flow as is, w/upside opportunity. Ask your agent for SD, rental property verification, & Rentometer report.
Location
State MO
County St Louis City
Area South City
Interior
Heating Forced Air
Cooling Ceiling Fan(s),Electric
Laundry Coin Operated,Common Laundry
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Oak Hill Elem.
Middle Schools Long Middle Community Ed. Center
High Schools Roosevelt High
School District St. Louis City
Others
Acceptable Financing Cash Only,Conventional
Listing Terms Cash Only,Conventional
Special Listing Condition None