1904 Cherokee Street

St. Louis, MO 63118

$760,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

6 apartment units in beautiful Benton Park, fully leased and currently generating $6,925/month in income. This property brings in $83,100/annually and with the expenses being $16,532/annually, this makes the in-place cap rate an attractive 8.21%. Every unit is fully updated with in-unit laundry, hardwood floors & nice finishes throughout. The Benton Park location is walking distance to Benton Park Cafe, Venice Cafe, Blue City Deli, Saturn Lounge Record Bar, Gus’s Pretzel, Peacemaker Lobster & Crab,...6 apartment units in beautiful Benton Park, fully leased and currently generating $6,925/month in income. This property brings in $83,100/annually and with the expenses being $16,532/annually, this makes the in-place cap rate an attractive 8.21%. Every unit is fully updated with in-unit laundry, hardwood floors & nice finishes throughout. The Benton Park location is walking distance to Benton Park Cafe, Venice Cafe, Blue City Deli, Saturn Lounge Record Bar, Gus’s Pretzel, Peacemaker Lobster & Crab, Frazier’s Restaurant, Imos Pizza, Station #3 Vegan Food, & many more. This sale includes 6 units among 2 buildings with a shared courtyard. All units are 1bed/1bath and rents range from $1025-$1250/month. Amazing investment opportunity to own 6 units in one of the best areas of St Louis City, fully leased with great rents. Brings in $6,925/month currently or $83,100/annually

Expenses are $1377/month or $16,532/annually

The in-place cap rate is 8.21%
  1. Listed by Anthony Klier • The Agency

Amenities

  • Air Conditioning
  • Forced Air
  • Hardwood Floors
  • Laundry
  • Range
  • Street Parking
LISTING UPDATED: 11/28/2024 10:01 AM

Property Details for 1904 Cherokee Street

StatusActive
MLS #24073702
Days on Market20
Taxes$907 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi-Family 5+
Year Built1890
Lot Size0.07 AC / 3,123 SF
CountySt. Louis Independent City

Building Information for 1904 Cherokee Street

Stories-Residences6Year Built1890Building Size-Lot Size0.07 AC / 3,123 SF

Property Information for 1904 Cherokee Street

Summary
Location and General Information
  • City: St Louis
  • County Or Parish: St Louis City
  • Latitude: 38.592208
  • Longitude: -90.218958
  • Neighborhood: Benton Park West
  • Postal Code: 63118
  • State Or Province: MO
  • Sub division Name: Julia C Soulards Add 02
Taxes and HOA Information
  • List AOR: St. Louis Association of REALTORS
  • Parcel Number: 1550-00-0070-0
  • Tax Annual Amount: $907.00
  • Tax Year: 2023
Owner
  • Township: St. Louis City
  • Owner Name: Aaron Spurgeon
Parking
  • Attached Garage: No
  • Parking Features: On Street
School Information
  • Elementary School: Monroe Elem.
  • High School: Roosevelt High
  • High School District: St. Louis City
  • Middle Or Junior School: Fanning Middle Community Ed.
Property
Lot Information
  • Lot Size Acres: 0.0717
  • Lot Size Dimensions: 25x125
  • Lot Size Square Feet: 3123.0
  • Property Sub Type: Multi-Family 5+
  • Property Type: Commercial Sale
Property and Assessments
  • Documents Count: 0
  • Photos Count: 31
  • Videos Count: 0
  • Year Built: 1890
  • Disclosures: Unknown,Limited Seller Discl
  • Age: 134
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Heat Source: Gas
  • Cooling: Electric
  • Heating: Forced Air
  • Heating YN: Yes
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
  • One Bed Unit Baths: 1 Per Unit
  • One Bed Unit Rent: 1155
  • Bedroom number of Units: 6
  • TYPE: Apartment Complex
Income & Expenses
  • Net Operating Income: $62,412.00
  • Total Expenses: 16532.00
Rental
Rent Information
  • Lease Term: Leases
  • Tenant Pays: Electricity, Gas, Other

Property History for 1904 Cherokee Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1904 Cherokee Street

Taxable ValueLand$1,200Additions$9,840Total$11,040
Tax Record2023$907 ($76 / month)
Home Facts
Baths5Total Finished SqFt2,565 SqFtAbove Grade Finished SqFt2,565 SqFtStories3Lot Size3,678 SqFtStyleMulti-Family Dwelling (2-4)Year Built1890ZoningGCountySAINT LOUIS CITYAPN155000-00700

Schools near 1904 Cherokee Street

This home is within St. Louis City School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 6 to 8
Public - 9 to 12
Public - 3 to 5
Rating
School
Distance
Monroe Elementary School
PublicPK to 6

Long Middle Community Ed. Center
Public6 to 8

Roosevelt High School
Public9 to 12

Humboldt Academy Of Higher Lrning
Public3 to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1904 Cherokee Street is a multi-family home for sale in St. Louis, MO 63118. This property was listed for sale on November 27, 2024 by The Agency, it's currently listed at $760,000. It has been on the market for a total of 20 days and was last sold on December 29, 2023. This listing's school district is St. Louis City School District. Nearby schools include Monroe Elementary School, Long Middle Community Ed. Center and Roosevelt High School. 1904 Cherokee Street is a 0-bed, 0-bath, multi-family home built in 1890.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Agency

Based on information from one of the following Multiple Listing Services: MARIS, Bagnell Dam Association of REALTORS . Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MARIS, Bagnell Dam Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.