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Alpha Resources
801-803 Russell Blvd, St Louis, MO 63104
- $1,649,900
- List Price
- $1,649,900
- Days on Market
- 32
- MLS#
- 26059658
- Status
- ACTIVE
- Year Built
- 1893
- Subdivision
- Soulards Add
- Municipality
- St. Louis City
- County
- St Louis City
- Listing Type
- Multifamily
Property Description
Eight units, 100% occupied, in the heart of historic Soulard, available as a single portfolio for $1,649,000. This package combines two classic brick four-family buildings, 801-803 Russell Blvd and 1216-1218 Soulard St, and delivers immediate cash flow from day one. Current contractual rent totals $13,950/month ($167,400/year), producing an annualized NOI of $140,718 and an 8.53% in-place cap rate at just $206,125 per unit. Both buildings have been thoughtfully renovated, with modern kitchens, stainless appliances, updated baths, and in-unit laundry, and the portfolio can be sold furnished for a true turnkey acquisition. Staggered leases, some running into 2028, add stability. Soulard is one of St. Louis' most in-demand rental neighborhoods: steps to Soulard Market, restaurants, and nightlife, and minutes to Busch Stadium, downtown, and major highways. Opportunities to acquire eight renovated, fully leased units in a single transaction here are rare. Schedule your showing today. Package sale only. Figures reflect an annualized current run rate, not a historical T-12, and exclude unprovided expense categories. Buyer to verify all information.
Additional Information
- School District
- St. Louis City
- Elementary School
- Sigel Elem. Comm. Ed. Center
- Jr. High School
- Fanning Middle Community Ed.
- Sr. High School
- Roosevelt High
- Cooling
- Central Air
- Heating
- Forced Air
- Selling Terms
- 1031 Exchange, Cash, Conventional, FHA, Other, Private
Listing courtesy of Anthony Cova. The Cova Group
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Listings courtesy of Mid America Regional Information Systems Internet Data Exchange as distributed by MLS GRID. 
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.