REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Kim Banovz

kim@cisler.com +1(618) 670-1910

$ 499,500

Est. payment -/mo

Save Virtual Tour

New

4614 Shenandoah AVE St Louis, MO 63110

3,536 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 2-4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 3,536 sqft

Price per Sqft $141

Subdivision Shaws Garden Add

MLS Listing ID 26037176

Style Traditional

Year Built 1925

Annual Tax Amount $5,495

Lot Size 4,800 Sqft

Acres 0.1102

Property Sub-Type 2-4 Units

Property Description

Four-family investment opportunity in the highly desirable Southwest Garden neighborhood, just minutes from the Missouri Botanical Garden, Barnes-Jewish Hospital, Washington University Medical School, Forest Park, and Tower Grove Park. This 3,536 sq. ft. building features four true 1-bedroom units, each approximately 775 sq. ft. Two units are currently occupied, with one vacant unit offering an excellent opportunity for an owner-occupant or value-add investor. Each unit includes central heating and cooling, and the basement provides dedicated laundry hookups for each apartment. The building offers multiple paths to increase income. Rents may be raised with existing layouts, and there is potential to convert the units from 1-bedroom to 2-bedroom layouts by creating a front bedroom and opening the kitchen to the living area with a possible island-style layout. Recent rental data supports strong upside. Average 1-bedroom apartment rents are $1,378, based on 23 one-bedroom rentals within the past 6 months in a 1.5-mile radius. Average 2-bedroom rents are $1,578, based on 5 two-bedroom, one-bath rentals within the past 18 months in a 0.5-mile radius. Tenants are long term tenants that have not had a rent increase. Recent sales of four-family properties in nearby have ranged from the mid-$500,000s to $850,000. Major improvements include a 6-year-old TPO roof, mostly replaced vinyl windows, PVC plumbing stacks, drains, and lateral. Additional features include a fenced backyard and rear parking pad. Strong location, functional layouts, existing occupancy, and value-add upside make this a compelling opportunity in one of St. Louis' most convenient and desirable rental corridors.

Location

State MO

County St Louis City

Area 3 - South City

Interior

Heating Forced Air, Natural Gas

Cooling Gas, Central Air

Flooring Hardwood

Fireplace N

Appliance Gas Water Heater

Laundry Common Area

Exterior

Parking Features false

Fence Fenced

View Y/N No

Building

Story 2

Water Public

Level or Stories Two

Structure Type Brick

Schools

Elementary Schools Mann Elem.

Middle Schools Fanning Middle Community Ed.

High Schools Roosevelt High

School District St. Louis City

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Virtual Tour https://my.matterport.com/show/?m=JZg61xTjDAB

Listed by Jeffrey Jollar • Invest St. Louis

Nearby School & Business

Kim Banovz

Broker | License ID: 475.209182

+1(618) 670-1910

Get More Information

Quick Search