4320 Randall Pl St St. Louis, MO 63107
- Apartment buildings
- 5,888 SF
Current Use by Public Records
- Apartment buildings
Property Details for 4320 Randall Pl St
- Year built
- 1956
- Property size
- 5,888 SF
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents two, two-story townhouses situated side-by-side at 4320 and 4322 Randall Pl, St. Louis, MO 63107. The property, totaling 5,888 square feet, comprises four units, each boasting three spacious bedrooms and 1.5 bathrooms, along with an eat-in kitchen. Currently operating at 75% occupancy, the property generates a pro-forma NOI of $31,000, representing a 9.69% pro-forma cap rate. The asking price is $320,000, or $80,000 per unit. Built in 1956 and extensively renovated between 2020 and 2024, the property features updated walkways, refurbished rear decks, and a new sewer lateral. The permitted zoning is 2-Family Residential. While the seller prefers to sell both buildings as a package, individual sale at $160,000 per building may be considered. The sale is AS-IS; the seller will not perform any repairs, including those required for municipal occupancy. A $2,500 earnest money check, along with pre-approval from a reputable lender (or proof of funds for cash offers), is required with any offer. Showings are scheduled upon acceptance of an offer and receipt of the earnest money deposit. This is a cash-flow generating property ideal for investors seeking a strong return on investment in a desirable St. Louis location.
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
- -90.2029
- Latitude
- 38.669
