Active
  • Listing Provided by: 

    Timothy McCarthy 636-699-5668,

    Salient Realty Group, LLC

    $680,000

    2722 Miami St, Saint Louis, MO 63118

    2beds
    2baths
    6,828sqft
    : 
    Condominium, Multi Family, Apartment
    Built in 1880
    -- sqft lot
    $-- Zestimate®
    $100/sqft
    $-- HOA

    What's special

    Updated appliancesModern kitchens
    2722 Miami Street offers a fully renovated 6-unit multifamily building in the heart of South City, St. Louis, with each unit featuring 2 bedrooms and 2 bathrooms. A full gut rehab was completed in 2020, including new plumbing, electrical, water heaters, roof, flooring, modern kitchens with updated appliances, and in-unit washer/dryers. Miami Street delivers a 9.70% gross cap rate when fully occupied. Currently, 5 of 6 units are rented, with a pro forma of $7,200 monthly income and roughly $65,860 annual NOI. Each renovated 2-bed, 2-bath unit earns above-market rents, offering investors a turnkey, high-return asset with immediate cash flow.
    11 days
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    105
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