10
See all 10 photos
$490,000
Est. payment /mo
11,548 SqFt
New
4981 Rosalie ST St Louis, MO 63115
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 11,548 sqft
Price per Sqft $42
Subdivision City/St Louis
MLS Listing ID 26003058
Style Historic
Year Built 1928
Annual Tax Amount $5,054
Lot Size 0.372 Acres
Acres 0.3725
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 rents of approximately $756 for comparable 1-bedroom units within a 3-mile radius. 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.
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 rents of approximately $756 for comparable 1-bedroom units within a 3-mile radius. 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.
Location
State MO
County St Louis City
Area 5 - North
Interior
Heating Forced Air, Natural Gas
Cooling Central Air, Electric, Window Unit(s)
Fireplace N
Appliance Gas Water Heater
Exterior
View Y/N No
Building
Water Public
Structure Type Brick
Schools
Elementary Schools Hickey Elem.
Middle Schools Yeatman-Liddell Middle School
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 Jordan Schoen • Invest St. Louis
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