1904 Cherokee Street, St Louis MO 63118

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$760,000

1904 Cherokee Street, St Louis, MO 63118

bedrooms

bathrooms

square feet

Acreage

0.0717

Open Houses

year built

1890

Full Baths

Half Baths

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6 apartment units in beautiful Benton Park, fully leased and currently generating $6,925/month in income. This property brings in $83,100/annually and with the expenses being $16,532/annually, this makes the in-place cap rate an attractive 8.21%. Every unit is fully updated with in-unit laundry, hardwood floors & nice finishes throughout. The Benton Park location is walking distance to Benton Park Cafe, Venice Cafe, Blue City Deli, Saturn Lounge Record Bar, Gus’s Pretzel, Peacemaker Lobster & Crab, Frazier’s Restaurant, Imos Pizza, Station #3 Vegan Food, & many more. This sale includes 6 units among 2 buildings with a shared courtyard. All units are 1bed/1bath and rents range from $1025-$1250/month. Amazing investment opportunity to own 6 units in one of the best areas of St Louis City, fully leased with great rents. Brings in $6,925/month currently or $83,100/annually Expenses are $1377/month or $16,532/annually The in-place cap rate is 8.21%

Location
Subdivision	Julia C Soulards Add 02
County	St Louis City
Elementary School	Monroe Elem.
Middle School	Fanning Middle Community Ed.
High School	Roosevelt High

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Open houses

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MLS number: 24073702

Listing agent: Anthony Klier #2022012991

Listing broker: The Agency (314) 280-9996

Last update: Wednesday, January 15 2025 at 5:24 a.m. EST

Kotohomes National