For Sale

Listed by Christoph Dewald and Brian Dewald

Source: Mid America Regional Information Systems, Inc. #26051182

3644 Bates Street, St. Louis, MO, 63116

$375,000

4
3552 sq. ft.
6673.39 sq. ft.

MultiFam

•

30+ days on the market

What's around 3644 Bates Street

About this property

Attention Investors! FULLY occupied, updated fourplex building complex with an attractive cap rate of 7% and an outstanding location! Excellent opportunity to add this income-producing fourplex in Holly Hills to your investment portfolio. Updates include a new TPO roof from 2024. All units have a laundry area/ washer & dryer located in the basement. Well maintained & upkept investment property - each unit has a functional layout! Private parking in back with additional on street parking. This multifamily property generates approximately $46,020 in annual rental income with reported annual operating expenses of approximately $10,393, producing an estimated Net Operating Income (NOI) of $35,627. Four rental units providing multiple income streams under one roof, this property presents an opportunity for investors seeking immediate rental income, portfolio growth, and long-term appreciation potential. Centrally located - urban living w/ quick highway access, close to Carondelet Park, right by shopping & all other amenities. This is an exceptional opportunity to add this cash flowing to your portfolio! Call NOW

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