225-29 E. Steins – Turn-Key 6-Family

  • $529,900
225-29 Steins St, St. Louis, MO 63111, USA

Description

Note – This property is available on its own or as part of a 9-building package. To see the other available properties, check out the whole Carondelet 36-Unit Package

Here is the next great investment for your rental portfolio – 6 turn-key units that are easy to rent! Located in the Historic Carondelet neighborhood and within walking distance to several desirable amenities: Upgraded YMCA Rec-Plex; Grocery & Retail Stores; Carondelet Park with lake, trails and playgrounds; Great Rivers Greenway trail system; locally-owned restaurants like Perennial Artisan Ales; easy access to public transportation. The property underwent major renovations roughly 12 years ago with updates to all major components (roof, plumbing, electrical, HVAC, kitchen, baths, etc.). Due to their great condition and convenient amenities, these properties easily stay rented. At current financials, these buildings offer a nice return on investment. The good news is that current rents are conservatively averaging around 5% below market, creating an additional income opportunity for the future owner. This is a stable, cash-flowing investment that you’ll want to add to your portfolio!

Sub listings

Title Property Type Price Beds Baths Property Size Availability Date
225 #1F $710 / mo 1 1 647 Sqft
225 #2F Residential $720 / mo 1 1 591 Sqft
227 #1F Residential $720 / mo 1 1 580 Sqft
227 #2F Residential $670 / mo 1 1 638 Sqft
229 1F $685 / mo 1 1 668 Sqft
229 #2F Residential $660 / mo 1 1 579 Sqft

Details

Updated on October 28, 2022 at 3:15 pm
  • Price: $529,900
  • Property Size: 4217 Sqft
  • Land Area: 6036 Sqft
  • Bedrooms: 6
  • Bathrooms: 6
  • Year Built: 1870
  • Property Type: Multi-Family 5+
  • Property Status: For Sale
  • Units: 6
  • Address 225-229 W. Steins St
  • City St. Louis
  • State/county Missouri, St. Louis City
  • Zip/Postal Code 63111
  • Area Carondelet

Contact Information

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Riahna Kastner

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Riahna Kastner
  • Riahna Kastner