4501 Wichita Ave - Apartments FOR SALE


Saint Louis, MO 63110- Forest Park Southeast
$689,000 USD
314-255-5117
4501 Wichita Ave, Saint Louis, MO for Sale
$689,000 USD
Apartments - FOR SALE
1/20

4501 Wichita Ave
Saint Louis, MO 63110
Forest Park Southeast


OVERVIEW

Property Features: Well-maintained property with significant rental upside and steady income potential. Updated kitchens and bathrooms, electrical, and plumbing, beautiful hardwood floors, stained glass windows. Fenced backyard with brick garage and secure parking. Recently updated central HVAC systems. Prime Location in The Grove: A rare and desirable opportunity in one of St. Louis’ most dynamic neighborhoods. Close to Forest Park, Barnes Hospital, Wash U. Medical School, The Botanical Gardens, The Cortex, restaurants, nightlife, major hospitals, and SLU campus. Rental Income Potential: Current rental rates: $1,095, $1,195, and $1,295 per month. Comparable units in the area lease for $1,400+ per month, leaving room for rental growth. 3 of the 4 generate over $3,500 in monthly income, an ideal for owner-occupants looking to house-hack. Tenant Appeal: Thoughtfully designed 2-bedroom, 1-bathroom layouts with modern finishes. Low tenant turnover, thanks to the property’s charm and excellent location. A private backyard provides space for tenants to congregate and have an enclosed place for a pet.

FOR SALE DETAILS

PRICE

$689,000 USD

# OF UNITS

4

PRICE/UNIT

$172,250

CAP RATE

5.47%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,373 SF

ZONING

-

APN/PARCEL ID

5044-00-0290-1

ASK ABOUT THIS PROPERTY

Jordan SchoenInvest Saint LouisMore Info
314-255-5117

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Jordan SchoenInvest Saint LouisMore Info
314-255-5117

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.