2835 Miami St

St. Louis MO 63118

3350 sq. ft.

5070.38 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

Don't miss this opportunity to acquire a fully updated, professionally managed four family property in South City, just two blocks from the Historic Cherokee Street District! The numbers work from day one. Three tenants are already in place with current rents of $635, $650, and $650. A huge upside for investors and owner occupants alike. Rents in this area are pushing $750–$800 per unit, meaning a savvy investor can capture an additional $465–$615 per month in gross income simply by bringing rents to market. For the owner occupant, this is your house hack. One vacant unit is move in ready with a passed occupancy inspection, allowing you to live in one unit while your tenants pay down your mortgage. Few opportunities in this price range offer this level of immediate flexibility. What sets this property apart: All four units updated during seller's ownership. Newer LVP flooring throughout with spacious layouts in every unit. Professionally managed with quality tenants already in place. Many major expenses have already addressed by the seller including tuck pointing, roof repairs, full unit rehabs, and sewer lateral work. Much of the heavy lifting has been done. You're buying stabilized cash flow with a clear path to increased returns. The second floor units feature private bedrooms. The first floor units offer walk through bedroom layouts. The 1st floor vacant unit and left-side basement are available for immediate showings. Occupied units available with accepted contract. **No seller financing** Schedule your showing today!

Features

3350 sq. ft. floor area

5070.38 sq. ft. lot size

Multi-Family

Property history for 2835 Miami St

2023

Sold

Undisclosed

16 Mar 2023 by Penny Andrews, of Knight and Drews

2021

Sold

Undisclosed

28 Sep 2021 by Donna Marie Reese, of Donna Marie Realty, Llc

2015

Sold

Undisclosed

05 Jun 2015 by Riahna Kastner, of St. Louis Real Estate Society

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