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$650,000

12 Beds

6 Baths

7,112 SqFt

Property Details:

List Price:

$650,000

Status:

Active

MLS#:

Bedrooms:

12

Living Sq. Ft:

7,112

Price Per Sq. Ft. :

$0

Sq. Ft. Above:

7,112

Subdivision:

Cherokee Place Add

School District:

St. Louis City

County:

St Louis City

Property Type:

Residential

Buyer's Agent Commission

Buyers Agent: 0.00%

Property Description:

Well-positioned 6-family opportunity in a strong rental corridor with great exposure on Cherokee. This 7,000+ sqft property consists of six units each with consistent true 2 bed, 1 bath floorplans (no walkthrough bedrooms) supporting stable, long-term leasing. Each unit offers front and rear access, with covered porches overlooking a fenced in backyard. Modern amenities include double pane windows, forced air heat and central AC throughout along with a NEW ROOF in '26, two off-street parking spaces, and three separate basements providing laundry capability and options for tenant storage. Projected rental performance is above the 1% rule, presenting compelling fundamentals on cash flow and long-term hold strategy. Located just off Cherokee Street in South St. Louis, the property benefits from proximity to one of the city’s most active and culturally vibrant corridors, known for its retail, dining, and arts district. Whether you’re an owner-occupant or seasoned investor, this income-oriented asset offers scale, simplicity, and durable upside for the disciplined investor.

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