Homes for sale - 4219 Neosho ST, St Louis, MO 63116

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Ramsey Stewart, REALTOR

Real Broker LLC

ramseystewart1@gmail.com +1(417) 650-5364

$ 575,000

Est. payment | -/mo

7,695 SqFt

Save

$ 575,000

Est. payment | -/mo

Save

7,695 SqFt

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

Construction Status 97

Year Built 1927

Building Age 97

Lot Size 6,887 Sqft

Acres 0.1581

Lot Dimensions 56' x 129'

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

Fireplace N

Laundry Coin Operated, Common Laundry

Building

Sewer Public Sewer

Water Public

Structure Type Brick

Construction Status 97

Schools

Elementary Schools Oak Hill Elem.

Middle Schools Long Middle Community Ed. Center

High Schools Roosevelt High

School District St. Louis City

Others

Ownership Private

Acceptable Financing Cash Only, Conventional

Listing Terms Cash Only, Conventional

Special Listing Condition None

Listed by Tammy Derrigan • Worth Clark Realty

+1(417) 650-5364

ramseystewart1@gmail.com

716 N 22nd St, Ozark, MO, 65721

4219 Neosho ST St Louis, MO 63116