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About the Listing SLRG01 - GALAFSER,TYLEALMS
The Benton Street Apartments are a 26-unit multifamily asset in St. Louis City in walking distance to the new NGA West Headquarters. This historic brick row-style property was completed renovated in April of 2013 and offers a classic architectural presence with updated interiors, in-unit laundry hook ups, updated appliances, updated flooring, kitchens, and more. The current rent roll totals $19,570 which includes four (4) down units. This allows investors to raise occupancy and renovate the down units to increase cash flow significantly. With the current rent roll annualized and T12 expenses, the property is performing at a 11.93% cap rate which offers incredibly strong returns with great upside potential. Please reach out to the brokers with any questions. The current rent roll totals $17,690 which includes two vacant units and two down units. This allows investors to raise occupancy and renovate the two down units to increase cash flow significantly. With the current rent roll annualized and T12 expenses, the property is performing at a 10.89% cap rate which offers incredibly strong returns with great upside potential. Please reach out to the brokers with any questions. 24 Multifamily Units Fully Renovated in 2013 12.80% Cap Rate w/ In Place RR & T12 Expenses Very Strong In-Place Performance w/ Significant Upside Walkable to the Brand New NGA Campus Mix of 1 Bd / 1Ba, 1 Bd / 1.5 Ba and 2 Bd / 1.5 Ba Units
Listing Highlights for 1936 Benton St
Status
Active With Contingency
Days on Site
88
Property Type
Multi-Family
MLS ®
25053581
Year Built
1890
Total Square Footage
26,085
Lot/Acreage
N/A
County
St Louis City
Neighborhood
Union Addition
Area
5 - North
School District
St. Louis City
Elementary School
Columbia Elem. Comm. Ed. Center
Middle School
Yeatman-Liddell Middle School
High School
Vashon High
Interior Details
- Bedrooms: 4
- Bathrooms: 3 Full
- Appliances: Stainless Steel Appliance(s), Ice Maker, Gas Oven, Range, Range Hood
- Air Cond: Ceiling Fan(s),Central Air
- Heating: Forced Air
- Fireplaces: 0
- Floor: Carpet,Vinyl
- Above Ground Sq Ft: 34308
- Below Ground Sq Ft: n/a
- Basement: Concrete
- Other:
- Water: Public
Exterior Details
- Lot Description: City Lot,Corner Lot,Near Public Transit
- Garage Capacity: N/A
- Parking Spaces: 0
- Roof: Architectural Shingle,Flat,Membrane
- Others: Updated/Remodeled
- Sewer:
- Parking Features: Off Street,On Street
Financial Details
- Tax Amount: $1,701
- Taxes w/Assessments: N/A
- Tax/Property ID: 1100-00-0080-0
- Tax Year: 2024
Payment Calculator
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Listing Location
Questions About..
1936 Benton St St Louis, MO 63106
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