BEDS0
BATHS
SQUARE FEET11,548
MLS#26003058
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONCity-St Louis
SCHOOLSt Louis City
Property Description
This 16-unit apartment complex offers a value-add opportunity with in-place income and strong upside. With 5 tenants currently in place and units primed for renovation, rents can be increased from the current $540 average toward market levels, targeting an estimated 10% cap rate after stabilization. The building would benefit from comprehensive electrical and plumbing upgrades, along with renovations and updates to the vacant units, making it well-suited for an investor prepared to execute a thoughtful rehab plan and unlock long-term cash flow. The property consists of sixteen 1-bedroom, 1-bathroom residential units, a highly desirable layout supported by consistent local rental demand. The total building square footage is approximately 11,548 square feet, situated on a 0.372-acre lot. Below-market rents provide upside through strategic renovations and rent repositioning to align with current market averages. Area rental data supports average market rents of approximately $756 for comparable 1-bedroom units within a 3-mile radius. Section 8 is also an option, HUD has market rent for 1 beds in St. Louis at $984 a month, providing an option for steady income. Pro-forma cap rate based on rents at $984 after renovations are 13.7%. Additional value can be created through improved property management efficiencies and stabilization. With targeted improvements, the property offers the opportunity for increased cash flow and long-term appreciation. Motivated seller will look at all reasonable offers!
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Electric, Window Unit(s)
Heating: Forced Air, Natural Gas
Home Style: Historic
Lot Size: 0.37 Acres
Taxes: $5,054
Year Built: 1928
Feature Descriptions
Appliances: Gas Water Heater
Days on Site: 45
Exterior: Brick
Parcel#: 5493-00-0150-0
Parking: On Street
Parking Notes: On Street
Water: Public
Local Schools
High School: Vashon High
Middle School: Yeatman-Liddell Middle School
Elementary School: Hickey Elem.
School District: St Louis City
Listed By / Shown By
Listed By
Agency Name: Invest St. Louis
Shown By
Agent Name: Michael Simon
Agent Phone: (314) 757-9700
Agency Title: RedKey Realty Leaders
Estimate Your Payment
Estimated Payment
$ 3,004.08 per month $2,451.66 Principal & Interest $421.17 Property Tax $131.25 Homeowner's InsuranceChange Payment Information
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4981 Rosalie Street | MLS# 26003058
This multi-family property located at 4981 Rosalie Street, Saint Louis, MO 63115 is currently listed for sale with an asking price of $450,000. Rosalie Street is located within the St Louis City school district. Search Saint Louis real estate on www.simonsellsstl.com today.