2823 Henrietta

St Louis, MO 63104

Architecturally significant four-family built located in The Gate District close to Lafayette Park, St. Louis University Hospital, St. Louis University School of Medicine and Cardinal Glennon Hospital. Rehabbed ~1, 200 square foot 2 bed 1 bath units with updated kitchens with new cabinets, countertops, stainless steel appliances, renovated bathrooms, new flooring throughout, new back staircases. Newer roof, new electric panels, new HVAC, & all units have full-size washer & dryer inside the unit. In short, all the major updates/work is done here - "A" level finishes, young systems, and an exterior in good shape. Currently fully occupied w/ rents avg below $1/sf. With proforma/market rents at ~$1.13/sf ($1395/unit), the building delivers an 8% cap rate w/ a 1.25 DSCR at list price with current interest rates. Extensive media (including full video walkthrough of all units, basement, & exterior), 3D scans of two units, and documentation (survey etc) are available in supplements.

Listing courtesy of Invest St. Louis


Based on information submitted to the MLS GRID as of 2024-07-16 04:35 PM UTC. All data is obtained from various sources and may not have been verified by broker or 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.