3941 Minnesota AVE St Louis, MO 63118
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Pending
Purchase Type For Sale
Square Footage 4,480 sqft
Price per Sqft $65
Subdivision Ameiss Sub
MLS Listing ID 26012534
Style Apartment Style,Other
Year Built 1922
Annual Tax Amount $1,546
Lot Size 5,688 Sqft
Acres 0.1306
Property Sub-Type 2-4 Units
Property Description
The property includes a spacious 3-bedroom, 3-bathroom unit, along with two additional 2-bedroom units, creating a highly desirable unit mix that appeals to a wide range of tenants. This rare configuration in South City supports strong occupancy, long-term tenancy, and consistent rental income. With nearly 4,500 square feet, the property boasts an incredibly low price per square foot—creating a substantial equity cushion compared to replacement cost. Investors will appreciate the scale, efficiency, and upside potential this asset provides. Delivering an impressive 14.5% cap rate, this is a true high-performing asset with tremendous cash flow, ideal for investors looking to grow and scale their portfolio quickly.
Don't miss this rare opportunity to secure a high-yield property in a strong rental market!
Location
State MO
County St Louis City
Area 2 - Central East
Interior
Heating Forced Air
Cooling Ceiling Fan(s), Central Air
Fireplace N
Exterior
Parking Features false
Utilities Available Electricity Connected, Natural Gas Available
View Y/N No
Roof Type Flat
Private Pool false
Building
Water Public
Structure Type Brick
Schools
Elementary Schools Meramec Elem.
Middle Schools Fanning Middle Community Ed.
High Schools Roosevelt High
School District St. Louis City
Others
Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, Other
Listing Terms 1031 Exchange, Cash, Conventional, FHA, Other
Special Listing Condition Listing As Is
NEARBY SCHOOL & BUSINESS
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