4981 Rosalie ST, St Louis, MO 63115
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4981 Rosalie ST, St Louis, MO 63115
4981 Rosalie ST, St Louis, MO 63115
4981 Rosalie ST, St Louis, MO 63115
4981 Rosalie ST, St Louis, MO 63115
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Mandy McGuire

Mandy McGuire

+1(618) 558-1350
$ 420,000
Est. payment /mo
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Pending

4981 Rosalie ST St Louis, MO 63115

11,548 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 Family or More

Listing Status Pending

Purchase Type For Sale

Square Footage 11,548 sqft

Price per Sqft $36

Subdivision City/St Louis

MLS Listing ID 26003058

Style Historic

Year Built 1928

Annual Tax Amount $5,054

Lot Size 0.372 Acres

Acres 0.3725

Property Sub-Type 5 Family or More

Property Description

This 16-unit apartment complex offers a value-add opportunity with in-place income and strong upside. With 5 tenants currently in place and units primed for renovation, rents can be increased from the current $540 average toward market levels, targeting an estimated 10% cap rate after stabilization. The building would benefit from comprehensive electrical and plumbing upgrades, along with renovations and updates to the vacant units, making it well-suited for an investor prepared to execute a thoughtful rehab plan and unlock long-term cash flow. The property consists of sixteen 1-bedroom, 1-bathroom residential units, a highly desirable layout supported by consistent local rental demand. The total building square footage is approximately 11,548 square feet, situated on a 0.372-acre lot. Below-market rents provide upside through strategic renovations and rent repositioning to align with current market averages. Area rental data supports average market rents of approximately $756 for comparable 1-bedroom units within a 3-mile radius. Section 8 is also an option, HUD has market rent for 1 beds in St. Louis at $984 a month, providing an option for steady income. Pro-forma cap rate based on rents at $984 after renovations are 13.7%. Additional value can be created through improved property management efficiencies and stabilization. With targeted improvements, the property offers the opportunity for increased cash flow and long-term appreciation. Motivated seller will look at all reasonable offers!

Location

State MO

County St Louis City

Area 5 - North

Interior

Heating Forced Air, Natural Gas

Cooling Central Air, Electric, Window Unit(s)

Fireplace N

Appliance Gas Water Heater

Exterior

View Y/N No

Building

Water Public

Structure Type Brick

Schools

Elementary Schools Hickey Elem.

Middle Schools Yeatman-Liddell Middle School

High Schools Vashon High

School District St. Louis City

Others

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition Standard

Listed by Jordan Schoen • Invest St. Louis

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Mandy McGuire

Mandy McGuire

+1(618) 558-1350

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4981 Rosalie ST