MO > St Louis > Shaws Vandevnter Ave Add
St Louis, MO 63110,4344 McRee Avenue AVE
St Louis, MO 63110,4344 McRee Avenue AVE
St Louis, MO 63110,4344 McRee Avenue AVE
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$599,000
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3,570 SqFt
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4344 McRee Avenue AVE St Louis, MO 63110

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Danielle Jordan

Danielle Jordan

+1(573) 308-5933

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 2-4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 3,570 sqft

Price per Sqft $167

Subdivision Shaws Vandevnter Ave Add

MLS Listing ID 25081489

Style Low/1-2

Year Built 1924

Annual Tax Amount $841

Lot Size 4,621 Sqft

Acres 0.1061

Property Sub-Type 2-4 Units

Property Description

4344 McRee Avenue is a fully rehabbed and stabilized 4-unit quadruplex investment opportunity in the rapidly appreciating Forest Park Southeast submarket. This institutional-quality asset offers an exceptional 8.35% cap rate with significant value-add opportunity through rental increases to market rates. Some highlights include: Complete renovation 2020-2021 with premium finishes. Property tax abatement through 2026 ($5,600+ annual savings). Current rents $177-$277 below market comparables. Walking distance to Washington University Medical Campus
8.52% NOI margin demonstrates operational efficiency. Rear parking for 4 vehicles. Missouri capital gains tax elimination (2025)

Location

State MO

County St Louis City

Area 3 - South City

Rooms

Basement Block

Interior

Interior Features Dining/Living Room Combo, Eat-in Kitchen, Granite Counters, High Ceilings, Kitchen Island, Natural Woodwork, Open Floorplan, Soaking Tub, Tub

Heating Forced Air

Cooling Central Air

Flooring Hardwood

Fireplace N

Laundry In Basement

Exterior

Parking Features false

View Y/N No

Roof Type Flat

Private Pool false

Building

Lot Description Back Yard

Water Community

Structure Type Brick

Schools

Elementary Schools Adams Elem.

Middle Schools Elias Michael Elem.

High Schools Vashon High

School District St. Louis City

Others

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition Standard

Listed by Michael Zangara • Apartment Advisors of America LLC

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Danielle Jordan

Danielle Jordan

Broker/Salesperson

+1(573) 308-5933

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Phone*
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4344 McRee Avenue AVE

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