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About the Listing INVS01 - JCJOLLAR,JSCHOEN
Four-family investment opportunity in the highly desirable Southwest Garden neighborhood, just minutes from the Missouri Botanical Garden, Barnes-Jewish Hospital, Washington University Medical School, Forest Park, and Tower Grove Park. This 3,536 sq. ft. building features four true 1-bedroom units, each approximately 775 sq. ft. Two units are currently occupied, with one vacant unit offering an excellent opportunity for an owner-occupant or value-add investor. Each unit includes central heating and cooling, and the basement provides dedicated laundry hookups for each apartment. The building offers multiple paths to increase income. Rents may be raised with existing layouts, and there is potential to convert the units from 1-bedroom to 2-bedroom layouts by creating a front bedroom and opening the kitchen to the living area with a possible island-style layout. Recent rental data supports strong upside. Average 1-bedroom apartment rents are $1,378, based on 23 one-bedroom rentals within the past 6 months in a 1.5-mile radius. Average 2-bedroom rents are $1,578, based on 5 two-bedroom, one-bath rentals within the past 18 months in a 0.5-mile radius. Tenants are long term tenants that have not had a rent increase. Recent sales of four-family properties in nearby have ranged from the mid-$500,000s to $850,000. Major improvements include a 6-year-old TPO roof, mostly replaced vinyl windows, PVC plumbing stacks, drains, and lateral. Additional features include a fenced backyard and rear parking pad. Strong location, functional layouts, existing occupancy, and value-add upside make this a compelling opportunity in one of St. Louis’ most convenient and desirable rental corridors.
Listing Highlights
Status
Active
Days on Site
39
Property Type
Multi-Family
MLS ®
26037176
Year Built
1925
Total Square Footage
3,536
Lot/Acreage
0.11
County
St Louis City
Neighborhood
Shaws Garden Add
Area
3 - South City
School District
St. Louis City
Elementary School
Mann Elem.
Middle School
Fanning Middle Community Ed.
High School
Roosevelt High
Interior Details
- Bedrooms: 4
- Bathrooms: 4 Full
- Appliances: Gas Water Heater
- Air Cond: Gas,Central Air
- Heating: Forced Air,Natural Gas
- Fireplaces:
- Floor: Hardwood
- Above Ground Sq Ft: 3536
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer:
- Parking Features: Off Street,On Street
Financial Details
- Tax Amount: $5,495
- Taxes w/Assessments: N/A
- Tax/Property ID: 4098-05-0090-0
- Tax Year: 2024
Payment Calculator
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Questions About..
4614 Shenandoah Ave St Louis, MO 63110
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