Seize the opportunity to own this fully occupied, cash-flowing gem generating $2,035/month with potential for increased rents. This sturdy brick property features central heat and air conditioning in all units, with one newly renovated unit and two long-term tenants. Significant updates include a new roof and sewer laterals in 2021 and 2024, some new appliances, two new furnaces in 2021, a new AC unit in 2023, and a new fence in 2024. With its strong return on investment and room for rent growth, this property is an excellent addition to any investment portfolio. Don’t miss out—make your offer today and capitalize on this outstanding opportunity! Offered at a 9% Cap, with modest rent increases this easily reaches over a 10% Cap.
Property Details
Property Features
Property Information:
Year Built: 1907
Listing Office:
Office Name: Invest St. Louis
Exterior Features
Parking Information:
Attached Garage: No
Parking: Off Street
Lot Features
Lot Information:
Lot Size: 0.12 Acres
Utilities
Utilities Information:
Heating: Forced Air
Cooling: Gas
Other
Directions Information:
Directions: Google
Price Information
Listing Price Info
Price Summary:
List Price: $180,000
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Housing Market Comparison
See how this home compares to others in Saint Louis, MO.
This property is $40K less 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: #24045708
Listing Office:
Office Name: Invest St. Louis
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
We're sorry, we currently don't have sales or tax history data for this listing.
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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
5
/10
Froebel Literacy Academy
3709 Nebraska Ave
Distance between this listing and this school0.59 miles
Public District Grades PK-6
2
/10
Shenandoah Elementary School
3412 Shenandoah Ave
Distance between this listing and this school0.91 miles
Public District Grades PK-6
5
/10
Mann Elementary School
4047 Juniata St
Distance between this listing and this school0.96 miles
Public District Grades PK-5
Nearby Schools
4
/10
Eagle Tower Grove East
2900 S Grand Blvd
Distance between this listing and this school0.58 miles
Public Charter Grades KG-7
2
/10
Eagle Gravois Park
3630 Ohio Ave
Distance between this listing and this school0.75 miles
Public Charter Grades KG-7
5
/10
South City
3112 Meramec St
Distance between this listing and this school1.13 miles
Public Charter Grades PK-8
Nearby Schools
1
/10
Roosevelt High School
3230 Hartford St
Distance between this listing and this school0.29 miles
Public District Grades 9-12
2
/10
Carnahan School of the Future
4041 S Broadway
Distance between this listing and this school1.13 miles
Public District Grades 9-12
8
/10
McKinley Classical Leadership Academy
2156 Russell Blvd
Distance between this listing and this school1.42 miles
The neighbors living near this home have an average income of $24,615. The most common annual income of people living in Saint Louis, MO is less than $35k. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.
This home is located at 3306 Louisiana Ave in Saint Louis, MO and zip code 63118 in the Benton Park West neighborhood. This home, which was built in 1907, sits on a 0.12 acre lot. It has been listed on Rocket Homes since July 30, 2024 and is currently priced at $180,000.
Saint Louis, MO housing market in November 2024 saw over 58 listings sold above listed price, more than 43 sold at listed price and over 120 sold below. Between October 2024 and November 2024, Saint Louis, MO real estate market has seen decrease in the number of listings by 1.6%. Listings spent 38 days on the market in November 2024, and had a median list price of $220,090 during the same period.
From Rocket Homes Real Estate and based on county public records data.