Architecturally significant four-family built located in The Gate District close to Lafayette Park, St. Louis University Hospital, St. Louis University School of Medicine and Cardinal Glennon Hospital. Rehabbed ~1,200 square foot 2 bed 1 bath units with updated kitchens with new cabinets, countertops, stainless steel appliances, renovated bathrooms, new flooring throughout, new back staircases. Newer roof, new electric panels, new HVAC, & all units have full-size washer & dryer inside the unit. In short, all the major updates/work is done here - "A" level finishes, young systems, and an exterior in good shape. Currently fully occupied w/ rents avg below $1/sf. With proforma/market rents at ~$1.13/sf ($1395/unit), the building delivers an 8% cap rate w/ a 1.25 DSCR at list price with current interest rates. Extensive media (including full video walkthrough of all units, basement, & exterior), 3D scans of two units, and documentation (survey etc) are available in supplements.
This property is $378.9K more than the Median Sold Price in Saint Louis, MO.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MARIS
MLS Number: #24051944
Listing Office:
Office Name: Invest St. Louis
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
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Nearby Schools
2
/10
Hodgen College Bound Academy
1616 California Ave
Distance between this listing and this school0.07 miles
Public District Grades PK-6
4
/10
Sigel Elementary School
2050 Allen Ave
Distance between this listing and this school0.57 miles
Public District Grades PK-6
2
/10
Shenandoah Elementary School
3412 Shenandoah Ave
Distance between this listing and this school0.78 miles
Public District Grades PK-6
Nearby Schools
2
/10
Academy of Entre Stdy@Louverture
3021 Hickey St
Distance between this listing and this school0.45 miles
Public District Grades 6-8
2
/10
Eagle Fox Park
2617 Shenandoah Ave
Distance between this listing and this school0.61 miles
Public Charter Grades KG-7
8
/10
Lafayette Preparatory Academy
1900 Lafayette Ave
Distance between this listing and this school0.70 miles
Public Charter Grades PK-8
Nearby Schools
8
/10
McKinley Classical Leadership Academy
2156 Russell Blvd
Distance between this listing and this school0.57 miles
Public District Grades 6-12
9
/10
Collegiate School of Med/Bio
1547 S Theresa Ave
Distance between this listing and this school0.63 miles
Public District Grades 9-12
1
/10
Roosevelt High School
3230 Hartford St
Distance between this listing and this school1.28 miles
The neighbors living near this home have an average income of $27,879. Most Saint Louis, MO residents have annual incomes less than $35k. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.
This home is located at 2823 Henrietta in Saint Louis, MO and zip code 63104 in the The Gate District neighborhood. This home, which was built in 1890, sits on a 0.07 acre lot. It has been listed on Rocket Homes since August 15, 2024 and is currently priced at $599,000.
Saint Louis, MO housing market in October 2024 saw over 98 listings sold above listed price, more than 60 sold at listed price and over 123 sold below. The number of homes for sale in Saint Louis, MO increased by 9.3% between September 2024 and October 2024. While the average time on the market in October 2024 was 42 days, the median list price was $220,049.
From Rocket Homes Real Estate and based on county public records data.