Missouri
St Louis
3921 Shenandoah Avenue

$799,900

3921 Shenandoah Avenue, St Louis, MO 63110

5,462 sqft

Multi-Family Home
Built in 1903
6,168sqft lot
—— car garage
$146/sqft
Listed 8 months ago

Property Description

ENORMOUS 4-Family building in the heart of the prestigious Shaw neighborhood has two 4 bedroom and two 3 bedroom units and is currently producing a 7.3% Cap Rate with 10.3% Proforma and Current NOI of $58,331! 3 of 4 Units have been updated in recent years, along with 2 new HVAC & Water Heaters 2024, 1 New AC 2025. Recent Tuckpointing on all sides, 3 of 4 units are subsidized rent for guaranteed stability. The 4th is MTM, coincidentally the unit that has not been updated due to a long-term tenant – but that would make it perfect for an owner occupant to move in, add your own touches to your preference and make this your home! Seller not interested and won't consider offers including seller financing, or creative financing, but welcomes your CASH, or Conventionally backed contracts. We MAY be able to arrange listing agent accompanied viewings of the basement for serious buyers with proof of funds. Tenants will not be disturbed w/o a contract.

Listing Status:: Active
Date Added:: October 24, 2024 at 05:00AM
Listing Office:: Real Broker LLC : 573-5203099
MLS ID:: 24067005

Appliances: Gas Water Heater
A/C: Central AirElectric
Heating: Forced AirNatural Gas

This listing courtesy of Real Broker LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Shenandoah Elementary School

3412 Shenandoah Ave, Saint Louis, MO, 63104

Grades PK-6

0.56 miles away

Nahed Chapman New American Aca

1530 S Grand Blvd, Saint Louis, MO, 63104

Grades KG-8

0.79 miles away

Roosevelt High School

3230 Hartford St, Saint Louis, MO, 63118

Grades 9-12

0.90 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.