Excellent investment opportunity at 3628-3630 Arkansas Ave! This fully occupied 4-family property offers four 1-bedroom, 1-bath units, providing immediate rental income from day one. Each unit is currently rented at $750 per month, generating $3,000 in gross monthly income and $36,000 in annual gross rental income. Offered at $314,900,… Read More the property provides an attractive 11.43% gross rent yield based on current rents. Three of the four units are currently occupied by Section 8 tenants, providing an established rental history and income stream. Tenants are responsible for their own electric and gas utilities. Owner pays water, sewer, trash, and landscaping. A great opportunity for an investor looking to add a fully occupied multifamily asset to their portfolio with existing management and tenants already in place. Please do not disturb tenants. Property to be sold subject to tenants' rights. Buyer to verify all financial information, rents, expenses, and property details. Read Less
Above Grade Finished Area: 2670 Sq.Ft., Above Grade Finished Area Source: Public Records, Architectural Style: Traditional, Construction Materials: Brick, Levels: Two, Living Area: 2670 Sq. Ft., Number Of Units Total: 4, Year Built: 1960
Community
Neighborhood: Gravois Park
Cooling
Cooling: Ceiling Fan(s), Central Air
Disclosures
Disclosures: None
Heating
Heating: Forced Air, Natural Gas
Interior Features
Features: Center Hall Floorplan
Laundry
Features: In Basement
Lot
Features: Back Yard, City Lot, Few Trees, Lot Size Acres: 0.1148, Lot Size Square Feet: 5000.69 Sq.Ft.
Parking
Carport Spaces: 0, Features: Alley Access, Off Street, On Street, Parking Pad, Parking Total: 0
Property
Property Sub Type: 2-4 Units
Taxes
Annual Tax Amount: 1960, Tax Year: 2025
Utilities
Electricity Available: Ameren, Utilities: Cable Available, Water Source: Public
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