2935 Lafayette Ave St St. Louis, MO 63104

Property Details for 2935 Lafayette Ave St

Year built

2017

Property type

Residential income homes

Description

This exceptional investment opportunity presents six fully-furnished, Class A single-family homes in St. Louis, Missouri's desirable Lafayette Avenue neighborhood. Built between 2017 and 2023, these six homes boast a combined 19,522 square feet of net rentable space, ranging individually from 2,244 to 3,300 square feet. Each home features modern architecture, contemporary finishes, private backyards, and attached garages. The portfolio offers a compelling 10% cap rate at an asking price of $4,821,000. Strategically located between S. Compton Avenue and Nebraska Avenue, this prime location provides unparalleled access to St. Louis's vibrant cultural scene, including Lafayette Square, Lafayette Park, Tower Grove Park, the Missouri Botanical Gardens, The Grove, Forest Park, and the Cortex Innovation District. The property's proximity to major employers like Saint Louis University, Saint Louis University Hospital, Cardinal Glennon, BJC Healthcare, Washington University, and numerous Cortex Innovation District companies, ensures strong rental demand. Furthermore, its convenient location less than half a mile from the Jefferson Ave./I-44 interchange offers excellent accessibility. Two homes have the potential for conversion into duplexes, with one already approved for up to $40,000 in NPA tax credits for eligible additions or developments. Enjoy stunning views of the St. Louis Arch, downtown, Union Station, and Midtown. This portfolio is ideal for both investors seeking high returns and owner-users desiring a premium location. Properties can be purchased individually or as a complete portfolio.

Location Insight

City

St. Louis

County

State

Missouri

Longitude

-90.2294

Latitude

38.6158