2606-2608 Louisiana Ave, St Louis, MO 63118

Property Description

LOOK: Gorgeous Building + Beautiful Cash Flow! Built in 1907, this 3-story, historic beauty offers over 9,990 sq ft of living space across 9 fully occupied, market-rate apartments. Each spacious unit (~1,110 sq ft) includes modern kitchens equipped with a dishwasher, stove, and refrigerator; updated bathrooms; large, private balconies; and dedicated basement storage lockers. Highlights include 6 Style-1 layouts and 3 Style-2 layouts, plus potential for a 10th unit or property management office in the former basement boiler room (already outfitted with two egress points and windows). The property was lovingly renovated in 2019–2020 with an eye for retaining its original historic charm, which tenants love - think decorative fireplaces, historic millwork, wood floors, and french doors! Upgrades feature comprehensive HVAC and water heater updates, a new sewer lateral, replacement of all 3 main plumbing stacks, full bathroom refreshes, and modernized kitchens. Additional enhancements included adding in-unit laundry, refurbished front historic windows, new rear vinyl windows, full interior/exterior repainting, masonry tuckpointing, roof resurfacing, gutter upgrades, and balcony/fire escape safety improvements. Professionally managed with an OUTSTANDING 0.81% VACANCY RATE over the past 2+ years. Don't miss this rare, high-performing property!