1603 S 9th Street
$1,195,000
1603 South 9th Street, St. Louis, MO 63104
7.11
Cap Rate
84,966
NOI
Details:
Highlights:
- Freshly Renovated 8-unit Building
- Updated Electric/Plumbing/HVAC
- New TPO Roof - 2024
- Directly Across From the Soulard Farmers Market
- Secured Off-Street Parking
- Room to Raise Rents
Description:
Fully updated investment opportunity in the heart of Soulard, directly across the street from the Soulard Farmers Market. The property consists of four, 1 bed/1 bath units and four 2 bed/1 bath units. The units have been completely updated throughout with high end finishes, new kitchens w/ stainless steel appliances, in-unit washer/dryer and central HVAC. Plumbing and electrical have also been updated/modernized. New TPO roof done in 2024.
The Soulard neighborhood is one of the most charming, historic neighborhoods in St. Louis. The neighborhood offers an urban, suburban feel and is considered one of the best places to live in Missouri. Most young professional prefer to live in the Soulard neighborhood.
Soulard retains its 19th-century character as a walking neighborhood, with historic homes, churches and businesses clustered together. Soulard Park is host to four large festivals - Mardi Gras, Bastille Day Flea Market, Oktoberfest, and the Holiday Parlor Tour tree lighting - as well as many smaller events each year. The park is adjacent to Soulard Market, a city landmark and St. Louis' only remaining public market. Soulard is largely a residential neighborhood whose many businesses include restaurants, bars and the North American headquarters of Anheuser-Busch.
Documents:
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| SRG___1603_S_9th___OM.pdf |
Location
