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About the Listing EXRT01 - BENJWEDI,DOUNANIA
Rare opportunity to acquire a fully repositioned 6-unit multifamily building in the heart of St. Louis's historic West End — steps from the Central West End, Washington University, the Delmar Loop, and Forest Park. This classic 3-story brick walk-up has undergone a comprehensive $550,000 renovation, delivering six spacious 3-bedroom/2-bathroom units averaging 1,500 SF each — one of the largest unit configurations available in this submarket. All interior work is 100% complete, including premium new kitchens, updated bathrooms, modern flooring, and brand-new mechanical, electrical, and plumbing systems throughout. Four units are currently occupied with leases in place, and two turnkey-ready units are available for immediate lease-up at market rate. Current in-place income is $7,379/month with a stabilized annual income of $132,108 including utility reimbursements. At the $1,000,000 list price, the property delivers a 9.79% acquisition cap rate — significantly above the local market average of 7.40% — with an as-is appraised value of $1,040,000, providing immediate equity at closing. With all-new MEP systems in place, capital expenditure liability over the next 7–10 years is expected to be minimal. In-unit washer/dryer hookups in every unit support above-average rents and tenant retention. An ideal acquisition for investors seeking immediate cash flow, strong yield, and long-term appreciation in one of St. Louis's most supply-constrained rental corridors.
Listing Highlights
Status
Active With Contingency
Days on Site
41
Property Type
Multi-Family
MLS ®
26036707
Year Built
1923
Total Square Footage
9,681
Lot/Acreage
0.24
County
St Louis City
Neighborhood
Clemens Place Add
Area
4 - Central West
School District
St. Louis City
Elementary School
Hamilton Elem. Community Ed.
Middle School
Langston Middle
High School
Sumner High
Interior Details
- Bedrooms: 0
- Bathrooms: 12 Full
- Appliances:
- Air Cond: Central Air,Electric
- Heating: Forced Air,Natural Gas
- Fireplaces: 6
- Floor: Vinyl
- Above Ground Sq Ft: 9681
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer:
- Parking Features: Off Street,Parking Pad
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 4539-00-0230-0
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Years
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Questions About..
5909 Cates Ave St Louis, MO 63112
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