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$ 1,649,900
Est. payment /mo
New
801-803 Russell Blvd St Louis, MO 63104
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Soulards Add
MLS Listing ID 26059658
Style Traditional
Year Built 1893
Property Sub-Type 2-4 Units
Property Description
Eight units, 100% occupied, in the heart of historic Soulard, available as a single portfolio for $1,649,000. This package combines two classic brick four-family buildings, 801-803 Russell Blvd and 1216-1218 Soulard St, and delivers immediate cash flow from day one. Current contractual rent totals $13,950/month ($167,400/year), producing an annualized NOI of $140,718 and an 8.53% in-place cap rate at just $206,125 per unit. Both buildings have been thoughtfully renovated, with modern kitchens, stainless appliances, updated baths, and in-unit laundry, and the portfolio can be sold furnished for a true turnkey acquisition. Staggered leases, some running into 2028, add stability. Soulard is one of St. Louis' most in-demand rental neighborhoods: steps to Soulard Market, restaurants, and nightlife, and minutes to Busch Stadium, downtown, and major highways. Opportunities to acquire eight renovated, fully leased units in a single transaction here are rare. Schedule your showing today. Package sale only. Figures reflect an annualized current run rate, not a historical T-12, and exclude unprovided expense categories. Buyer to verify all information.
Location
State MO
County St Louis City
Area 2 - Central East
Interior
Heating Forced Air
Cooling Central Air
Fireplace N
Exterior
View Y/N No
Building
Structure Type Brick
Schools
Elementary Schools Sigel Elem. Comm. Ed. Center
Middle Schools Fanning Middle Community Ed.
High Schools Roosevelt High
School District St. Louis City
Others
Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, Other, Private
Listing Terms 1031 Exchange, Cash, Conventional, FHA, Other, Private
Special Listing Condition Package
Listed by Anthony Cova • The Cova Group