5244 Neosho St, Saint Louis, MO 63109

Description

WOW Priced to SELL!! Incredible price for a top tier 4-family and location. What an opportunity for anyone looking for a completely turn-key investment opportunity on a fabulous residential block in the desirable Southampton neighborhood just off the Macklind Mile. All the work has been done, and the rental income flows in from day one with this fully occupied and professionally managed building. Step into a dream set up with these truly excellent tenants all under lease until September 2027 bringing in $3925 each month.
All 4 units have private entrances with newer doors, updated bathrooms with tiled shower surrounds, decorative fireplaces, functional pocket doors, ceiling fans, and nice closet space. Large eat-in kitchens with DISHWASHERS, stainless appliances, big sinks, pantry and beautiful cabinets and countertops. No wonder the tenants are so happy here! This is the cleanest 4-family basement you'll find with individual laundry hook-ups and storage units.
The LONG list of updates includes a BRAND NEW ROOF 8/26, electric panels and wiring, furnaces and ACs (2022), sewer lateral line from under the building to the street, ALL 4 chimneys repaired and building tuckpointing, and vinyl windows.
Nice and tidy shared back yard with a 2 car garage and newer garage door. The garage is currently utilized by owner for storage. This space offers potential for additional rental income. Prepare to be impressed, buildings in this condition do not come along very often, and definitely not at this cap rate. This is an opportunity you don't want to miss.