4981 Rosalie St St St. Louis, MO 63115
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 4981 Rosalie St St
- Year built
- 1928
- Property type
- Apartment buildings
Description
This 16-unit apartment building in St. Louis, Missouri's Mark Twain neighborhood presents a compelling value-add opportunity. Located at 4981 Rosalie St, 63115, this two-story, L-shaped building, constructed in 1928, sits on a 16,225 sq ft lot. All 16 units are one-bedroom, one-bathroom apartments, approximately 600 square feet each, featuring 8+ foot ceilings, and rear-yard access. Currently, 56% occupancy (9 of 16 units) yields a Net Operating Income (NOI) of $89,132, with a pro-forma NOI of $89,132 at full occupancy. Monthly rents range from $595 to $620, significantly below the $706 average for comparable units in the area, indicating substantial upside potential through rent increases and renovations. The property includes kitchens with gas stoves and refrigerators, and most units have newer aluminum windows. Some units have central air/heat
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- St. Louis
- County
- State
- Missouri
- Longitude
- -90.2371
- Latitude
- 38.6909
