(Undisclosed), Saint Louis, MO 63104

Description

2417-23 Menard Street is a rare opportunity to own a fully occupied, all-brick historic six-family in the heart of Soulard — one of St. Louis' most walkable and highest-demand rental neighborhoods. Freshly repriced to $752,500, the building offers an in-place cap rate of roughly 7.26% with a proforma stabilized cap rate north of 10.3%.
The unit mix features five 1-bedroom units and one oversized 3-bedroom / 2-bath, together generating $7,044/month ($84,528 annually) in in-place rent, with additional upside through lease rollovers and value-add execution. Current rents: 2419 ($1,060), 2419-A ($980), 2421 ($1,200), 2421-A ($910), 2423 ($1,120), and 2423-A ($1,774).
Inside y...