4041 - 4043 Castleman Ave

Highlights:

• Large, Updated Four Family Building In Shaw
• In Unit Laundry & Updated Electric & Plumbing
• Perfect for Investors & Owner Occupants (House Hack)
• Spacious and well-designed units
• Solid In Place Rents w/ Room to Raise to Market

Description:

4041-43 Castleman Ave is a updated and stately four-family building in the heart of St. Louis' Shaw neighborhood. This property has loads of historic charm and modern updates like in-unit laundry and updated electric and plumbing. The mansard roof was replaced less than five years ago as well. The building has a wonderful unit mix consisting of two, 2 bd / 1 ba units and two, 3 bd / 2 ba units. Both unit types are very large at 1,255 SF for the two bed units and 2,000 SF for the 3 bed units. The property is located just blocks from the Missouri Botanical Gardens and Tower Grove Park and many wonderful dining and entertainment options.

Current rents are $1,400 & $1,370 for 2 bed units and $1,780 & $1,695 for the 3 bed units. This opportunity is perfect for investors or owner occupants looking to house hack. The in place rents are solid but have plenty of room to be raised.

Only blocks from Tower Grove Park this property is surrounded by local eateries, shops, and cultural attractions, providing tenants with an unparalleled lifestyle.

Just minutes from downtown St. Louis, the building benefits from excellent connectivity to major employment centers, universities like Washington University, Saint Louis University, Harris-Stowe State University, Barnes Jewish Hospital, Wells Fargo, and many others.

With St. Louis's strong job market in healthcare, education, and technology, this property stands as a promising investment with potential for steady rental income and appreciation.

Why Invest Here?

- Cultural Richness: St. Louis’s cultural heritage adds value, attracting a diverse tenant pool interested in living in a city with history, arts, and sports.

- Affordability: St. Louis is known for its cost-effective living, which can lead to higher rental yields compared to other major cities.

-Community: The Shaw Neighborhood is very community-oriented that supports tenant retention and community engagement, essential for long-term rental stability.

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