Property Description

SIX BRAND NEW UNITS in two adjoining brick buildings in the heart of Soulard! Renovated top to bottom in Fall 2026: NEW ROOFS, NEW FURNACES, NEW A/C CONDENSERS, NEW WATER HEATERS, new electrical, new PEX water lines, new PVC stacks, and the brick is fully tuckpointed - a buyer should have almost no maintenance expenses for years to come. All six units are 2 bed / 1 bath with IN-UNIT LAUNDRY, quartz counters, big soft-close cabinets, tile baths, LVP flooring (no carpet), exposed brick and high ceilings. 9 GATED OFF-STREET SPACES - parking for every unit. Three units leased at $1,710 to $1,797/mo in total charges; three targeted at $1,760. 9.1% PRO FORMA CAP at $183K per unit - $65K less than buying the buildings separately. Run it as long-term rentals or Airbnb a few units for Mardi Gras and Cardinals weekends (city STR permit required). Walk to Soulard Market, bars and restaurants. SELLER NEEDS TO SELL BEFORE 2027 - tour it and write an offer!

Property Features

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