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3306 Louisiana Avenue

St Louis, MO 63118
3,196 sqft
$205,000
Photo of 3306 Louisiana Avenue St Louis MO 63118

Details

Seize the opportunity to own this fully occupied, cash-flowing gem generating $2,035/month with potential for increased rents. This sturdy brick property features central heat and air conditioning in all units, with one newly renovated unit and two long-term tenants. Significant updates include a new roof and sewer laterals in 2021 and 2024, some new appliances, two new furnaces in 2021, a new AC unit in 2023, and a new fence in 2024. With its strong return on investment and room for rent growth, this property is an excellent addition to any investment portfolio. Don’t miss out—make your offer today and capitalize on this outstanding opportunity! Offered at a 9% Cap, with modest rent increases this easily reaches over a 10% Cap.

Specs

Type Multi-Family
Square Footage 3,196 sqft
Lot Size 0.12 acres
Year Built 1907
Taxes Paid $702

Lots & Building Features

Appliances Some Range Oven(s), Some Refrigerator(s)
Construction Brick
Cooling Gas
Heat Source Gas
Heating Forced Air
Parking Description Off Street
Sewer Public Sewer
Tax Year 2023
Water Public
Lot Dimensions 40x125 ft

Room Details

Misc Description Basement, Deck, Fencing, Laundry Facl-Commty

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Financing

$
20%
0.34243902439024%
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Area

City St Louis
County St Louis City
School District St. Louis City
Subdivision Haner Add

Schools

Elementary School Monroe Elem.
Junior High School Fanning Middle Community Ed.
Senior High School Roosevelt High
Donald Shaver, Invest St. Louis