Turnkey, Fully Occupied 4-Family Investment Opportunity in Bevo Mill, located just blocks from Carondelet Park and Christy Park, this well-maintained 4-family building offers an excellent opportunity to grow your investment portfolio. Each unit features a true bedroom in the rear and one full bathroom. The property is currently generating a Net Operating Income (NOI) of $25,331, with rents currently below market, offering upside potential. Three of the four units present an opportunity for value-add upgrades to achieve market-rate rents this fall. Key Updates and Features: All four units have brand-new HVAC systems installed in December 2024. Sewer lines under the building were upgraded to PVC in 2024, including both stacks and partial replacement to the yard vent (connection to the city main is unknown). Three of the four water heaters have been replaced within the past six years. The rear parking pad provides off-street parking for all four tenants. All units are currently leased. This is a low-maintenance property that has been well-maintained. Tenants will not be disturbed without an accepted contract. Viewings of the basement may be arranged for serious buyers with proof of funds and listing agent accompanied. Please note: Seller’s won’t consider offers involving seller creative financing. However, we welcome offers that are cash or backed by Conventional, Cash or private financing.
Basic Details
Property Type : Residential Income
Listing ID : 25046831
Price : $325,000
Square Footage : 2,552
Year Built : 1942
Lot Area : 0.10 Acre
Status : Active
Property Sub Type : 2-4 Units
Roof : Flat
Features
Heating System : Forced Air, Natural Gas
Cooling System : Central Air
Basement : Full, Unfinished
Fireplace : None
Parking : Off Street, Parking Pad, Paved
SchoolDistrict : St. Louis City
Taxes Paid : $0
Exterior Features : Entry Steps/Stairs
Laundry Features : Washer Hookup, In Basement, Electric Dryer Hookup, Common Area
Architectural Style : Apartment Style
Appliances
Appliances : Dishwasher, Disposal, Refrigerator, Gas Cooktop, Gas Oven, Gas Range
Address Map
Directions : GPS Friendly
Mls Area Major : 3 - South City
Neighborhood
Elementary School : Woerner Elem.
High School : Roosevelt High
High School District : St. Louis City
Middle School : Long Middle Community Ed. Center
Additional Information
Foundation Details : Stone
Levels : Two
Number Of Units Total : 4
On Market Date : 2025-07-17
Water Source : Public
Community Features : Street Lights, Park, Sidewalks, Playground, Public Bus, Restaurant