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Payton Blaylock

payton@blaylockgroup.com +1(618) 780-4622

$325,000

Est. payment - /mo

5,100 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type 5 Family or More

Listing Status Active

Purchase Type For Sale

Subdivision Knapstein Add

MLS Listing ID 26019382

Style Apartment Style

Year Built 1928

Annual Tax Amount $4,892

Lot Size 5,100 Sqft

Acres 0.1171

Property Sub-Type 5 Family or More

Property Description

4260–62 Michigan Avenue is a fully leased six-unit brick apartment building located in South St. Louis. Situated along a quiet residential corridor, the property offers investors a stabilized asset in an established neighborhood supported by strong rental demand and historically low tenant turnover. The building also carries a secondary address of 3119 Chariton Street. The property consists of six one-bedroom, one-bathroom units, which feature efficient floor plans, hardwood flooring, and an abundance of natural light. Significant capital improvements include new TPO roofing installed in 2022 with a 20-year warranty, positioning the asset for minimal near-term maintenance and capital expenditures. The property is situated near major thoroughfares including South Grand Boulevard, I-55, and I-44, allowing for efficient travel to Downtown St. Louis, regional employment centers, and surrounding neighborhoods. Public transportation is readily accessible, with nearby bus routes providing additional commuting options.

Location

State MO

County St Louis City

Area 3 - South City

Interior

Cooling Window Unit(s)

Fireplace N

Exterior

View Y/N No

Building

Structure Type Brick

Schools

Elementary Schools Meramec Elem.

Middle Schools Long Middle Community Ed. Center

High Schools Roosevelt High

School District St. Louis City

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Listed by Kenin Halilovic • CBRE

NEARBY SCHOOLS & PROPERTIES

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Payton Blaylock

+1(618) 780-4622

Agent License ID: IL: 475.163463 MO: 2019012838

4260 Michigan AVE St Louis, MO 63111

Payton Blaylock

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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4260 Michigan AVE