4614 Shenandoah Avenue,St Louis, MO 63110
St Louis, MO 63110
Description
Four-family investment opportunity in the highly desirable Southwest Garden neighborhood, just minutes from the Missouri Botanical Garden, Barnes-Jewish Hospital, Washington University Medical School, Forest Park, and Tower Grove Park. This 3,536 sq. ft. building features four true 1-bedroom units, each approximately 775 sq. ft. Two units are currently occupied, with one vacant unit offering an excellent opportunity for an owner-occupant or value-add investor. Each unit includes central heating and cooling, and the basement provides dedicated laundry hookups for each apartment. The building offers multiple paths to increase income. Rents may be raised with existing layouts, and there is potential to convert the units from 1-bedroom to 2-bedroom layouts by creating a front bedroom and opening the kitchen to the living area with a possible island-style layout. Recent rental data supports strong upside. Average 1-bedroom apartment rents are $1,378, based on 23 one-bedroom rentals within the past 6 months in a 1.5-mile radius. Average 2-bedroom rents are $1,578, based on 5 two-bedroom, one-bath rentals within the past 18 months in a 0.5-mile radius. Tenants are long term tenants that have not had a rent increase. Recent sales of four-family properties in nearby have ranged from the mid-$500,000s to $850,000. Major improvements include a 6-year-old TPO roof, mostly replaced vinyl windows, PVC plumbing stacks, drains, and lateral. Additional features include a fenced backyard and rear parking pad. Strong location, functional layouts, existing occupancy, and value-add upside make this a compelling opportunity in one of St. Louis’ most convenient and desirable rental corridors.
Details
| MLS # | 26037176 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1925 |
| Days On Site | 143 |
| Listing Provided By | Invest St. Louis | Jeffrey Jollar |
Features
| SQ Feet | 3,536 |
|---|---|
| Story(s) | 2 |
| Units | 4 |
| Acreage | 0.11 |
Interior
| Cooling | Gas, Central Air |
|---|---|
| Heating | Forced Air, Natural Gas |
| Appliances | Gas Water Heater |
Exterior
| Construction Materials | Brick |
|---|---|
| Fencing | Fenced |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Off Street, On Street |
Location
| Senior Community Yes / No | No |
|---|
Taxes
| Property | 5495 |
|---|
Area Information
| State | MO |
|---|---|
| County | St Louis City |
| City | St Louis |
| Zip Code | 63110 |
| Area | South City |
| Community Name | Shaws Garden Add |
| School District | Roosevelt High |
| Elementary School | Mann Elem. |
| High School | Roosevelt High |
| Listing VS Median (in Shaws Garden Add) | |
Price: $499,500 low | high Med: $604,950 sqft: 3,536 low | high Med: 3,110 $ / sqft: $141 low | high Med: $198 On site: 143 low | high Med: 92 | |
Market Activity 63110
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Learn More About This Property
| State | MO |
|---|---|
| County | St Louis City |
| City | St Louis |
| Zip Code | 63110 |
| Area | South City |
| Community Name | Shaws Garden Add |
| School District | Roosevelt High |
| Elementary School | Mann Elem. |
| High School | Roosevelt High |
| Listing VS Median (in Shaws Garden Add) | |
Price: $499,500 low | high Med: $604,950 sqft: 3,536 low | high Med: 3,110 $ / sqft: $141 low | high Med: $198 On site: 143 low | high Med: 92 | |
