For Sale

Listed by Kenin Halilovic and Matt Bukhshtaber from CBRE Inc.

Source: Mid America Regional Information Systems, Inc. #26019382

4260 Michigan Ave, St. Louis, MO, 63111

$365,000

5100.88 sq. ft.

MultiFam

30+ days on the market

What's around 4260 Michigan Ave

About this property

4260–62 Michigan Avenue is a fully leased six-unit brick apartment building located in South St. Louis. Situated along a quiet residential corridor, the property offers investors a stabilized asset in an established neighborhood supported by strong rental demand and historically low tenant turnover. The building also carries a secondary address of 3119 Chariton Street. The property consists of six one-bedroom, one-bathroom units, which feature efficient floor plans, hardwood flooring, and an abundance of natural light. Significant capital improvements include new TPO roofing installed in 2022 with a 20-year warranty, positioning the asset for minimal near-term maintenance and capital expenditures. The property is situated near major thoroughfares including South Grand Boulevard, I-55, and I-44, allowing for efficient travel to Downtown St. Louis, regional employment centers, and surrounding neighborhoods. Public transportation is readily accessible, with nearby bus routes providing additional commuting options.

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