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1936 Benton Street, St Louis, MO 63106

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For Sale

$1,150,000

26,085 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $44.09
    Price per square foot

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

The Benton Street Apartments are a 26-unit multifamily asset in St. Louis City in walking distance to the new NGA West Headquarters. This historic brick row-style property was completed renovated in April of 2013 and offers a classic architectural presence with updated interiors, in-unit laundry hook ups, updated appliances, updated flooring, kitchens, and more. The current rent roll totals $19,570 which includes four (4) down units. This allows investors to raise occupancy and renovate the down units to increase cash flow significantly. With the current rent roll annualized and T12 expenses, the property is performing at a 11.93% cap rate which offers incredibly strong returns with great upside potential. Please reach out to the brokers with any questions. The current rent roll totals $17,690 which includes two vacant units and two down units. This allows investors to raise occupancy and renovate the two down units to increase cash flow significantly. With the current rent roll annualized and T12 expenses, the property is performing at a 10.89% cap rate which offers incredibly strong returns with great upside potential. Please reach out to the brokers with any questions. 24 Multifamily Units Fully Renovated in 2013 12.80% Cap Rate w/ In Place RR & T12 Expenses Very Strong In-Place Performance w/ Significant Upside Walkable to the Brand New NGA Campus Mix of 1 Bd / 1Ba, 1 Bd / 1.5 Ba and 2 Bd / 1.5 Ba Units
MLS# 25053581

Courtesy Of Salient Realty Group, LLC

(314) 374-3687

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Ceiling Fan
  • Appliances
    Ice Maker, Oven - Gas, Range
  • Architecture Style
    Other
  • Cooling System
    Ceiling Fan(s)
  • Exterior Type
    Brick
  • Floor Covering
    Carpet, Vinyl
  • Heating System
    Forced Air
  • Roof Type
    Membrane
  • Rooms
    Basement

Map and Directions

Directions to 1936 Benton Street, St Louis, MO 63106

Home seller CENTURY 21 Advantage Real Estate, Inc.

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Advantage Real Estate, Inc.

(314) 474-7621
Learn More About Us

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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
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  • HOA Dues
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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