2722 Miami St - Multi-Family FOR SALE


Saint Louis, MO 63118- Gravois Park
$680,000 USD
314-451-7145
2722 Miami St, Saint Louis, MO for Sale
$680,000 USD
Multi-Family - FOR SALE
1/9
null | 9.69% Cap Rate

2722 Miami St
Saint Louis, MO 63118
Gravois Park


HIGHLIGHTS

  • Strong 9.70% Cap Rate offering excellent cash flow potential
  • Six fully updated 2 bed / 2 bath units — turnkey investment opportunity
  • Modern finishes throughout with new plumbing, electrical, and mechanicals
  • In-unit washer and dryer in every apartment — highly desirable tenant feature
  • Low-maintenance, stabilized asset with strong rental history

OVERVIEW

2722 Miami Street offers a fully renovated 6-unit multifamily building in the heart of South City, St. Louis, with each unit featuring 2 bedrooms and 2 bathrooms. A full gut rehab was completed in 2020, including new plumbing, electrical, water heaters, roof, flooring, modern kitchens with updated appliances, and in-unit washer/dryers. Miami Street delivers a 9.69% gross cap rate when fully occupied. Currently, 5 of 6 units are rented, with a pro forma of $7,200 monthly income and roughly $65,860 annual NOI. Each renovated 2-bed, 2-bath unit earns above-market rents, offering investors a turnkey, high-return asset with immediate cash flow.

FOR SALE DETAILS

PRICE

$680,000 USD

PRICE/SF

$100 USD /SF

# OF UNITS

6

PRICE/UNIT

$113,333

CAP RATE

9.69%

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2722-2726 Miami Street

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1880

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

1641-00-0190-0

ASK ABOUT THIS PROPERTY

Tim McCarthySalient Realty Group LLCMore Info
314-451-7145

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Tim McCarthySalient Realty Group LLCMore Info
314-451-7145

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.