1916 Serbian Drive,St Louis, MO 63104
St Louis, MO 63104
Description
Excellent investment opportunity at 1916 Serbian Drive in St. Louis! This well-maintained 4-unit residential building offers immediate rental income with 3 of the 4 units currently occupied, making it an attractive option for both seasoned investors and those looking to expand their rental portfolio. All four units are fully furnished and rent for $1,400 per month per unit, providing a strong income-producing opportunity. The sale includes all furnishings and appliances, allowing a new owner to step into an established, turnkey rental property without the additional expense of furnishing the units. With one unit currently available, a new owner has the potential to increase rental income by leasing the remaining unit, bringing the property to full occupancy. Property Highlights: 4 residential units3 units currently occupied$1,400/month rent per unitPotential gross rental income of $5,600/month at full occupancy$67,200 potential annual gross rental incomeAll units furnishedAppliances includedFurnishings included in the saleTurnkey investment opportunityOne vacant unit provides immediate upside potential Whether you're looking for a cash-flowing investment or an opportunity to build your rental portfolio, this property offers established rental income, furnished units, and additional upside through full occupancy. Don't miss this opportunity to own an income-producing multifamily property in St. Louis!
Details
| MLS # | 26053820 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1924 |
| Days On Site | 63 |
| Listing Provided By | Worth Clark Realty | Karan Madra |
Features
| SQ Feet | 3,420 |
|---|---|
| Acreage | 0.07 |
Interior
| Cooling | Ceiling Fan(s), Central Air, Electric |
|---|
Exterior
| Construction Materials | Brick |
|---|
Taxes
| Property | 4889 |
|---|
Area Information
| State | MO |
|---|---|
| County | St Louis City |
| City | St Louis |
| Zip Code | 63104 |
| Area | Central East |
| Community Name | Darnell |
| School District | Roosevelt High |
| Elementary School | Sigel Elem. Comm. Ed. Center |
| High School | Roosevelt High |
| Listing VS Median (in Darnell) | |
Price: $450,000 low | high Med: $450,000 sqft: 3,420 low | high Med: 3,420 $ / sqft: $132 low | high Med: $132 On site: 63 low | high Med: 63 | |
Market Activity 63104
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Learn More About This Property
| State | MO |
|---|---|
| County | St Louis City |
| City | St Louis |
| Zip Code | 63104 |
| Area | Central East |
| Community Name | Darnell |
| School District | Roosevelt High |
| Elementary School | Sigel Elem. Comm. Ed. Center |
| High School | Roosevelt High |
| Listing VS Median (in Darnell) | |
Price: $450,000 low | high Med: $450,000 sqft: 3,420 low | high Med: 3,420 $ / sqft: $132 low | high Med: $132 On site: 63 low | high Med: 63 | |
