Scott McIntosh
REALTOR®
BEDS0
BATHS
SQUARE FEET7,732
MLS#26046055
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONAllens Add
SCHOOLSt Louis City
Property Description
100% LEASED | FULLY FURNISHED | 7.25% CAP ON ACTUAL T-12. A turnkey 7-unit income package in the heart of historic Soulard that simply performs. Offered at $1,434,000 on $142,510 in-place income, $154,200 gross potential, and $103,934 actual T-12 NOI. Three all-brick residences (922-926 Allen) were taken to the studs in 2018 - new HVAC, electric, plumbing and roof - and are leased FURNISHED to traveling nurses and corporate professionals whose rent is paid by employer housing stipends: premium rents with a zero-collection-loss track record. Every home delivers in-unit laundry, updated kitchens, hardwood floors, central air and private decks/patio, plus off-street parking and basement storage. THE UPSIDE: SSM Health SLU and BJC/Barnes-Jewish hospitals are minutes away (endless travel-nurse demand), and Soulard has virtually NO hotels - so these turnkey furnished units can flip to short-term/Airbnb on day one (seller has never operated STR). Walk to McGurk's, Molly's, the Farmers Market and the Anheuser-Busch Brewery in St. Louis's most walkable, Mardi Gras-famous neighborhood. Renovated, leased, stipend-backed and priced to move.
Property Features
Property Type: Multi Unit - Multiple
Basement: Concrete
Basement: Yes
Cooling: Central Air
Heating: Forced Air
Home Style: Historic
Lot Size: 0.12 Acres
Taxes: $2,675
Year Built: 1893
Feature Descriptions
Days on Site: 1
Exterior: Brick
Parcel#: 0682-00-0120-0
Parking: Off Street
Parking Notes: Off Street
SQFT. Above Grade: 7732
Units: 7
Water: Public
Local Schools
High School: Roosevelt High
Middle School: Fanning Middle Community Ed.
Elementary School: Sigel Elem. Comm. Ed. Center
School District: St Louis City
Listed By / Shown By
Listed By
Agency Name: The Agency
Shown By
Agent Name: Scott McIntosh
Agent Phone: 314.719.6507
Agency Title: RedKey Realty Leaders
Estimate Your Payment
Estimated Payment
$ 8,453.80 per month $7,812.63 Principal & Interest $222.92 Property Tax $418.25 Homeowner's InsuranceChange Payment Information
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922 Allen Avenue | MLS# 26046055
This multi-family property located at 922 Allen Avenue , Saint Louis, MO 63104 is currently listed for sale with an asking price of $1,434,000. Allen Avenue is located within the St Louis City school district. Search Saint Louis real estate on scottmcintosh.redkeystlouis.com today.