505 N Benton Ave, St Charles, MO 63301

Property Description

505 N Benton Ave presents a rare investment opportunity to acquire a fully renovated, turnkey 16-unit multifamily asset in the highly coveted historic submarket of Saint Charles, Missouri. This stabilized community features an attractive mix of one- and two-bedroom layouts that boast comprehensive modern upgrades, including updated flooring, granite-style countertops, and a full suite of essential appliances. Designed to optimize landlord margins and minimize near-term capital expenditures, the building operates on an efficient utility structure where tenants cover individual electric, gas, and water costs, while on-site coin laundry and secure basement storage units provide reliable streams of ancillary income. Positioned in a premier, land-constrained location, the property benefits from an exceptional tenant draw due to its proximity to major regional demand drivers. Residents enjoy a highly walkable lifestyle just minutes from the vibrant boutique shopping, dining, and seasonal festivals along historic St. Charles Main Street and Frontier Park, as well as immediate access to Lindenwood University. This strategic location ensures a consistent pool of qualified student, faculty, and young professional applicants, offering an incoming investor immediate cash flow, historically low vacancy rates, and strong long-term asset appreciation.