3537 Minnesota Ave, St Louis, MO 63118
- $249,900
- 2,104
- SqFt
- List Price
- $249,900
- Days on Site
- Unknown
- MLS#
- 26064670
- Status
- COMING SOON
- Living Sq. Ft
- 2,104
- Lot Size
- 4,190
- Acres
- 0.10
- Year Built
- 1923
- Subdivision
- Murris Add
- Municipality
- St. Louis City
- County
- St Louis City
- Year Built
- 1923
- Listing Type
- Multifamily
Property Description
Excellent investment opportunity! This fully leased duplex offers an estimated 11.76% cap rate based on current rental income and reported operating expenses. Each unit features 2 bedrooms and 1 full bathroom, with a 2-car garage providing additional convenience. Both units have independent access to the basement via a rear staircase, where laundry hookups are available for tenant-provided washers and dryers. Notable improvements include separate heating and cooling systems installed in 2016, water heaters replaced in 2026, updated electrical panels, PVC plumbing, and select vinyl replacement windows. Both units are currently occupied, with leases extending through February 2027 and August 2027, providing established rental income. Tenants pay their own gas and electricity, while one unit also pays water and sewer. An attractive addition to an investment portfolio with existing tenants, updated mechanical systems, and an established rental history. Schedule your showing today!
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Additional Information
- School District
- St. Louis City
- Elementary School
- Froebel Elem.
- Jr. High School
- Long Middle Community Ed. Center
- Sr. High School
- Roosevelt High
- Cooling
- Central Air
- Heating
- Forced Air
- Water
- Public
- Selling Terms
- 1031 Exchange, Cash, Conventional, Other
Listing courtesy of Yuliana Erazo Hidalgo. Real Broker LLC
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