Fully Occupied 36-Unit Complex: Comprising 28 one-bedroom and 8 two-bedroom apartments, all currently leased, ensuring consistent cash flow. Features 22 rentable garages, which bring in over $40,000 annually. An on-site coin-operated laundry facility provides great supplementary revenue of over $10,000 per annum. This income-producing property boasts a stable, long-term tenant base, ensuring consistent cash flow. Additional revenue is generated through 22 rentable garages and an on-site coin-operated laundry facility. Situated in a prime location within walking distance to Maplewood shops, restaurants, and public transportation, enhancing tenant convenience, this property offers both immediate returns and long-term investment potential.
Basic Details
Property Type : Commercial Sale
Listing ID : 25025656
Price : $4,500,000
Year Built : 1966
Lot Area : 0.77 Acre
Status : Active
Property Sub Type : Multi-Family 5+
Features
Heating System : Baseboard, Ceiling, None
Cooling System : Wall Unit(s), Window Unit(s), Ceiling Fan(s)
Parking : Other, Parking Lot, Space/Unit - 1
SchoolDistrict : St. Louis City
Taxes Paid : $0
Laundry Features : Common Laundry, Coin Operated
Sewer : Public Sewer
Address Map
Directions : From I-44, take the Jamieson Ave, turn left onto Jamieson. Turn left onto Arsenal, turn right onto McCausland. Turn left onto Manchester. building on your left.
From I-64, take South McCausland. Turn right onto Manchester. building on your left.
Mls Area Major : South City
Neighborhood
Elementary School : Mason Elem.
High School : Roosevelt High
High School District : St. Louis City
Middle School : Long Middle Community Ed. Center
Additional Information
Lot Size Dimensions : 305' x 109'
Number Of Units Total : 36
Water Source : Public
Construction Materials : Other, Brick, Fl Brick/Stn Veneer, Concrete