$2,160,000
$2,399,999
10.0%For more information regarding the value of a property, please contact us for a free consultation.
27,946 SqFt
SOLD DATE : 06/30/2026
Key Details
Sold Price $2,160,000
Property Type Multi-Family
Sub Type 5 Family or More
Listing Status Sold
Purchase Type For Sale
Square Footage 27,946 sqft
Price per Sqft $77
Subdivision Marvin Park 2
MLS Listing ID 26011602
Sold Date 06/30/26
Style Apartment Style
Year Built 1960
Annual Tax Amount $32,108
Lot Size 1.030 Acres
Acres 1.03
Property Sub-Type 5 Family or More
Property Description
Exceptional opportunity to acquire a well-maintained 24-unit multifamily community in St. John. This property offers an idea unit mix consisting of 24 spacious 2-bedroom, 1-bathroom units. Each unit features a large living room, an eat-in kitchen, and two generously sized bedrooms, providing comfortable and functional layouts that appeal to long-term tenants. The units have been consistently maintained and the property is in great shape for the next buyer. The property also has washer and dryer hookups and additional storage in the basement for tenant use. Current rents are below market, presenting a clear value-add opportunity for the next investor to increase cash flow. With a strong history of rental demand and being fully occupied, 2-bedroom units and limited availability in this area, this asset offers both stability and upside potential.
Location
State MO
County St. Louis
Area 91 - Ritenour
Interior
Heating Forced Air
Cooling Central Air
Fireplace N
Appliance Dishwasher, Microwave, Oven, Refrigerator
Laundry In Basement
Exterior
Parking Features false
View Y/N No
Building
Story 2
Level or Stories Two
Structure Type Brick
Schools
Elementary Schools Marvin Elem.
Middle Schools Ritenour Middle
High Schools Ritenour Sr. High
School District Ritenour
Others
Ownership Private
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Standard
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Bought with Constantine Benos
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