Active
4219 Neosho Street
St Louis, MO 63116
7,695 sqft
$575,000
Details
Welcome to this 8-unit apartment building in charming Bevo. Built with brick and masonry, it delivers 7,695 sf of curb appeal and durability. Inside are six 2-bed and two 1-bed units, all with private bedrooms, updated baths, and lots of original craftsmanship. Most units have LVP flooring in living room and bedrooms; some 2F units have carpet. The building is all electric, and central air was added in 2022. Pex water lines, updated electric panels, mostly PVC stacks. TPO roof (pre-2018 ownership) with 1/3 recently re-covered by seller. Some off-street parking is available. Tenants enjoy close access to public transportation, restaurants, and shopping, and love having just one utility bill. Current rents + $750 pro forma for vacancy = $66,600 gross annual income less 2023 basic op. expenses of $17,627 = $48,973, a 8.5% cap at asking price. This property offers consistent cash flow as is, w/upside opportunity. Ask your agent for SD, rental property verification, & Rentometer report.
Specs
Type Multi-Family
Square Footage 7,695 sqft
Lot Size 0.16 acres
Year Built 1927
Assoc Fee Paid None
Taxes Paid $3,091
Lots & Building Features
Assoc Fee Paid None
Construction Brick
Cooling Ceiling Fan(s), Electric
Heat Source Electric
Heating Forced Air
Parking Description Unassigned
Sewer Public Sewer
Tax Year 2023
Water Public
Lot Dimensions 56' x 129' ft
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Area
City St Louis
County St Louis City
School District St. Louis City
Subdivision Gravois Morganford Place Add
Schools
Elementary School Oak Hill Elem.
Junior High School Long Middle Community Ed. Center
Senior High School Roosevelt High