2004 Russell Blvd St St. Louis, MO 63104

Property Details for 2004 Russell Blvd St

Year built

1912

Property size

1,920 SF

Property type

Apartment buildings

Description

This meticulously renovated 1912 two-unit apartment building in St. Louis, Missouri, presents a compelling investment opportunity. Boasting 1,920 square feet of net rentable space across two units, each unit features updated kitchens with ample cabinetry and counter space, wood and tile flooring, exposed brick, beautiful millwork, and private deck space. The property includes a convenient off-street concrete parking pad with one space per unit and a shared green space. The basement houses recently updated HVAC, plumbing, and electrical systems. Currently operating at 50% occupancy, with one unit occupied by long-term tenants and the other vacant and ready for immediate rental, this property offers immediate rental income and significant upside potential. The building sits on a 3,692 square foot lot and is located in a highly desirable area, within walking distance of popular restaurants, cafes, bars, parks, and shops in Lafayette Square, Soulard, and Benton Park neighborhoods. Easy access to major highways (55, 170, 44, and 64/40) provides convenient commuting. The asking price is $249,900, representing $130.16 per square foot and $124,950 per unit. The property's pro-forma NOI is $19,340, yielding a 7.74% cap rate. The APN is 1338-00-0150-0. This is a Class A, stabilized, turn-key investment property.

Location Insight

City

St. Louis

County

State

Missouri

Longitude

-90.2155

Latitude

38.6091