2 FAMILY IN SOULARD. FULL GUT REHAB. BRAND NEW EVERYTHING. Projected fully leased rent of $3,300 per month—$39,600 annually. Lease both units, or move into one and put an estimated $1,650 per month from the other toward your mortgage and ownership costs. This 1884 brick two-family is undergoing a complete… Read More renovation, with expected completion December 1, 2026. Both 2-bedroom, 1-bath units will be delivered vacant. New A/C, furnaces, water heaters, electrical, plumbing, windows, roof, kitchens and baths. With those major replacements addressed, ownership can mean fewer maintenance calls, less money spent on repairs and more rental income staying in your pocket—making the property more practical to manage yourself. Planned finishes include quartz counters, stainless appliances, marble-look tile and in-unit laundry, alongside original exposed brick. Planned rear improvements include gated asphalt parking and a resident turf area. Comparable units in the adjoining renovated four-family are leased at $1,650 and $1,687 per month. A 93 Walk Score puts Soulard restaurants and coffee shops close by. Projected rents assume completion and lease-up. Interior photos coming at completion. Read Less
Listing courtesy of The Agency, 314-677-1477.
Listing Snapshot
Days Online
4
Last Updated
Property Type
2-4 Units
Square Ft.
3,266
Year Built
1884
MLS Number
26065790
Additional Details
Basement
Concrete
Building
Built in 1884, Living area: 3266, 1 building, Construction Materials: Brick
Cooling
Central Air
Disclosures
None
Heating
Forced Air
Income
Gross Income: $39,600, Net Operating Income: $30,890
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