Architecturally significant four-family built located in The Gate District close to Lafayette Park, St. Louis University Hospital, St. Louis University School of Medicine and Cardinal Glennon Hospital. Rehabbed ~1,200 square foot 2 bed 1 bath units with updated kitchens with new cabinets, countertops, stainless steel appliances, renovated bathrooms, new flooring throughout, new back staircases. Newer roof, new electric panels, new HVAC, & all units have full-size washer & dryer inside the unit. In short, all the major updates/work is done here - "A" level finishes, young systems, and an exterior in good shape. Currently fully occupied w/ rents avg below $1/sf. With proforma/market rents at ~$1.13/sf ($1395/unit), the building delivers an 8% cap rate w/ a 1.25 DSCR at list price with current interest rates. Extensive media (including full video walkthrough of all units, basement, & exterior), 3D scans of two units, and documentation (survey etc) are available in supplements.
2823 Henrietta (MLS #24051944) is a multi-family listing located in St Louis, MO.
This multi-family listing is 4,936 sqft and on a lot of 2,993 sqft (or 0.07 acres) and is 134 years old. This property was listed on 08/15/2024 and has been priced for sale at $599,000.
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Listing information courtesy of: Invest St. Louis
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