Contacts
Hal Hanstein
Cardinal Realty Group
CCIM
Property Details
- Property Type Multi-Family
- Property Size 11,548 SF
- Units 16
- Lot Size 0.37 Acre
- Cap Rate % 8.1
- Rental Income / YR 118920
- NOI / YR 89132
- Taxes / YR 4805
- Zoning A-Single Family Residential
- Additional Rent Contact for pricing
- # of Floors 2
- Year Built 1928
- Date Updated Sep 13, 2024
- Construction Type Masonry
Property Description:
4981 Rosalie Street, St. Louis, MO, is a 16-unit, 2-story L-shaped apartment Building with a rich history, constructed in 1928. All 16 units are 1-bedroom, 1-bath with rear door access to a private level fenced yard. The units are approximately 600 SF with tall 8+ Ft ceilings. Currently, 9 units are rented (56%), with 7 vacant units. Kitchens are complete with gas stoves/ranges and refrigerators. Some units have central air/heat, and others have window units. Tenants pay for Natural Gas and Electric. Each apartment has 100 AMP electric service. Most windows have been replaced with aluminum replacement windows. Some of the vacant units need extensive work. Monthly rents are $595-$620. Proforma Net Operating Income is $89,132 with all units occupied, a promising figure. Break-even occupancy is 24.9%. This property has many upsides; according to “RentoMeter.com” in this neighborhood, the average rent for a similar-sized apartment is $706 a month, a potential for increased revenue. Priced to sell at $68,750/Key-$1,100,000, a worthwhile investment.
Portfolio Purchase Opportunity: this property and 5437-5445 Page Blvd can be purchased for $2,250,000.
Interior Description:
Step into the charm of the 1920s with our apartments, featuring tile and marble entranceways. These spacious 1-bedroom apartments offer a large full bath with a tub. Interior features include high ceilings over 8 feet high, arch doorways, and spacious kitchens. What sets us apart is the direct access from the kitchen to a rear-fenced yard, perfect for play, BBQ, or relaxation. Kitchen appliances include Gas ranges/stoves and Refrigerators. Enjoy the character of wood or laminate Floors and newer aluminum windows with blinds in most units. Some units offer the comfort of central air/heat, while others feature window units for AC.
Great Location:
Step into a unique opportunity with this 16-family Apartment Building, one of the few in the area. The majority of the residential dwellings are single-family, with 57% of those being owner-occupied. This exclusive Location offers easy access to Downtown St. Louis, nestled in the heart of North St. Louis City, in the Mark Twain neighborhood. The proximity to I-70 ensures a quick, less than 10-minute drive to Downtown St. Louis. Moreover, the excellent public transportation system with two bus routes at Kingshighway and West Florissant, including Route #95 Kingshighway and Route #74 Florissant, provides a convenient connection to all points in St. Louis.
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
Highlights
- Mark Twain Neighborhood
- Near I-70
- 10-Minutes to Downtown STL
- Large Fenced Rear Yard
Attachments
Getting around
-
Walk Score ®
-
Transit Score ®
-
Bike Score ®
Location
- City Saint Louis, MO
- Neighborhood Mark Twain
- Zip Code 63115
- Market St Louis
Points of Interest
-
Forest Park - DeBaliviere Metrolink
3.92 miles
-
Delmar Loop
3.95 miles
-
Delmar Loop Metrolink
3.97 miles
-
Missouri History Museum/Forest Park
4.13 miles
-
Leland Avenue
4.44 miles
-
Skinker
4.47 miles
-
University City Library
4.58 miles
-
The Wild Station
4.68 miles
-
Union Station - Elevator Access
4.70 miles
-
Union Station
4.72 miles
-
BP
0.61 miles
-
Energy Express Travel Center
2.21 miles
-
Mobil
2.32 miles
-
Convenience Express
2.36 miles
-
Speedy gas
2.49 miles
-
Crown
2.79 miles
-
ChargePoint
4.25 miles
-
Tesla Supercharger
5.04 miles
-
EV Connect
5.04 miles
-
EVgo Charging Station
6.19 miles
-
The Racquet Club parking lot
3.21 miles
-
Chase Park Plaza Parking Garage
3.50 miles
-
Fox theater parking garage
3.52 miles
-
Canisius Lot
3.61 miles
-
Scottish Rite Garage
3.62 miles
-
American Red Cross Parking Garage
3.63 miles
-
Scranton Lot
3.63 miles
-
Saint Joseph Lot
3.66 miles
-
Holy Cross Parking Lot
3.66 miles
-
San Francisco Parking Lot
3.67 miles
-
Super 8 by Wyndham St. Louis North
1.04 miles
-
Carousel Motel
1.14 miles
-
Budget Inn
2.01 miles
-
Economy Inn Motel
2.13 miles
-
Grand Motel
2.72 miles
-
Guest Host Motel
2.85 miles
-
AC Hotel St. Louis Central/West End
3.50 miles
-
The Royal Sonesta Chase Park Plaza St. Louis
3.53 miles
-
Days Inn by Wyndham Downtown St. Louis
3.54 miles
-
Angad Arts Hotel
3.56 miles
-
Union Market
0.60 miles
-
Save-A-Lot
1.38 miles
-
Schnucks
1.52 miles
-
Salama Supermarket
1.64 miles
-
Saveway Food Market
1.96 miles
-
Niko's Grocery Grill
2.05 miles
-
99+
2.11 miles
-
ALDI
2.30 miles
-
Soll's Gateway Market
2.64 miles
-
Target
4.40 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
Hal Hanstein
Cardinal Realty Group
CCIM