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About the Listing RLGR01 - MIRANERB
Excellent investment opportunity at 3628-3630 Arkansas Ave! This fully occupied 4-family property offers four 1-bedroom, 1-bath units, providing immediate rental income from day one. Each unit is currently rented at $750 per month, generating $3,000 in gross monthly income and $36,000 in annual gross rental income. Offered at $314,900, the property provides an attractive 11.43% gross rent yield based on current rents. Three of the four units are currently occupied by Section 8 tenants, providing an established rental history and income stream. Tenants are responsible for their own electric and gas utilities. Owner pays water, sewer, trash, and landscaping. A great opportunity for an investor looking to add a fully occupied multifamily asset to their portfolio with existing management and tenants already in place. Please do not disturb tenants. Property to be sold subject to tenants' rights. Buyer to verify all financial information, rents, expenses, and property details.
Listing Highlights
Interior Details
- Bedrooms: 4
- Bathrooms: 4 Full
- Appliances: Electric Range, Gas Range, Refrigerator
- Air Cond: Ceiling Fan(s),Central Air
- Heating: Forced Air,Natural Gas
- Fireplaces: 0
- Floor: Hardwood,Laminate,Linoleum
- Above Ground Sq Ft: 2670
- Below Ground Sq Ft: n/a
- Basement: Full,Interior Entry,Storage Space,Unfinished
- Other: Center Hall Floorplan
- Water: Public
Exterior Details
- Lot Description: Back Yard,City Lot,Few Trees
- Garage Capacity: N/A
- Parking Spaces: 0
- Roof:
- Others:
- Sewer:
- Parking Features: Alley Access,Off Street,On Street,Parking Pad
Financial Details
- Tax Amount: $1,960
- Taxes w/Assessments: N/A
- Tax/Property ID: 1611-00-0055-0
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
3628 Arkansas Ave St Louis, MO 63118
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