2704 Arsenal St, Saint Louis, MO 63118

Perfect for an owner occupant or investor! Formerly a 4-family, this property has been renovated to feature two 1-bed units and one townhome-style 3-bed unit. The latter spans two floors with living room, dining room, 3 bedrooms, 1.5 baths, in-unit laundry, and a large eat-in kitchen with double door refrigerator, built-in microwave, dishwasher, and disposal. Hardwood floors throughout except for LVP on 2F of townhouse. All kitchens and baths have tile flooring. 2F 1-bed is private; 1F 1-bed is shotgun. Newer windows, central air with newer HVAC systems (one new in 2/21, newer water heaters, updated electric, and large yard with privacy fence. Two new refrigerators and one new microwave. It’s close to major highways and all the fun city life activities. Townhome is being held vacant for showings; the other two can be shown with an accepted offer. Rentometer indicates average of $1454 for townhome, and an average of $755 for the 1/1 units. With rents at $725, $650, and (most recent rent of $1320 for townhome) the gross annual income is $32,340 less annual operating expenses of $10,232, the NOI is $22,108, making this an 8.188% cap rate at asking price.