1007 Allen AVE St Louis, MO 63104
2,706 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 2,706 sqft
Price per Sqft $184
Subdivision Allens Add
MLS Listing ID 26051468
Style Other
Year Built 1885
Annual Tax Amount $3,029
Lot Size 2,443 Sqft
Acres 0.0561
Property Sub-Type 2-4 Units
Property Description
FULLY OCCUPIED AND PRODUCING 4,650 PER MONTH, or 55,800 annually. The front duplex holds a one bed one bath renting at 1,100 and a two bed two bath renting at 1,450. In the rear of the parcel sits a beautifully updated THREE STORY two bed two bath single family home leased at 2,100.
The rear house is a TRUE ARCHITECTURAL SHOWPIECE! Three levels of modern design behind original brick, with a striking multi story window wall, white shaker cabinetry, granite counters, stainless appliances, light wood floors and a spa quality walk in shower finished in marble. This one lives like a private city retreat, not a rental!
Between the two buildings is a fully fenced PRIVATE COURTYARD of brick pavers and white stone. Real outdoor living space is nearly impossible to find in a city investment property, and here it comes standard.
NOW HERE IS THE BEST PART. ALL THREE LEASES EXPIRE ON AUGUST 30, 2026! That hands the next owner a completely clean slate. The seller will DELIVER ALL THREE UNITS VACANT at closing, or re lease any of them beforehand, entirely at the direction of the buyer. YOU PICK THE UNIT YOU WANT TO LIVE IN! Take the high end rear house and enjoy a private home with a yard in the middle of the city. Take the two bed two bath in the duplex. Or keep it simple in the one bed and MAXIMIZE YOUR INCOME. Then you decide what the other two units do. Lease them long term for steady predictable rent. Furnish them for traveling nurses and corporate stays. Or run them as SHORT TERM RENTALS in a neighborhood people specifically travel to visit! Mix and match in any combination, and change the plan whenever you want.
HOUSE HACK IT! Live in the rear home while the front duplex throws off more than 2,500 per month toward your mortgage, and as a three unit this property is FHA ELIGIBLE. Prefer to stay hands off? Keep all three leased, mark rents to market, or explore short term rentals, where AirDNA projections for comparable Soulard units point to ROUGHLY 100,000 PER YEAR in gross Airbnb revenue across all three!
LOCATION IS EVERYTHING, and this one delivers. Just steps from Dukes, which runs a FREE SHUTTLE to Cardinals, Blues and STL City SC games plus major downtown concerts, and surrounded by the restaurants, bars and nightlife that make Soulard one of the most vibrant neighborhoods in St. Louis!
OFFERED AT 499,500! Property is fully occupied. Proof of funds or preapproval required to schedule a tour. Do not let this one get away!
Location
State MO
County St Louis City
Area 2 - Central East
Interior
Heating Forced Air, Natural Gas
Cooling Central Air, Electric
Fireplace N
Appliance Gas Water Heater
Exterior
Parking Features false
View Y/N No
Building
Water Public
Structure Type Brick
Schools
Elementary Schools Sigel Elem. Comm. Ed. Center
Middle Schools Fanning Middle Community Ed.
High Schools Roosevelt High
School District St. Louis City
Others
Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, VA Loan
Listing Terms 1031 Exchange, Cash, Conventional, FHA, VA Loan
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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