$1,050,000

1916 Menard Street , St Louis, MO 63104

 
Bedrooms:0 beds
Bathrooms:0 baths
(None specified):10,080 sqft
Lot:0.1
Year Built:1896
Listing Status:Active

Listing Agent

Anthony Klier
http://www.theagencystl.com
Loan Amount:
Interest:
Term (Years):
Annual Tax:
Monthly Principal + Interest:$
Monthly tax: $
Total Payment:$

These amounts are estimates and do not take into consideration other expenses such as PMI, etc.. This is only an estimate.

Description

1916-1922 Menard is an 8unit multifamily property in the heart of Soulard, 1 block from the 2nd biggest Mardi Gras parade in the United States. This building features four 2bed/1.5bath units and four 1bed/1bath units. The 2beds are huge units, over 1000sqft of living space and are 2 levels. There is a gated backyard (rare for Soulard). All the windows on the backside of the building have been replaced, a lot of the deck has been replaced and the building has had recent tuck-point work done. As of July 1, this property will be 100% leased and bringing in $9,060/month ($108,720 annually). The expenses come out to about $2,432/month ($29,186 annually) which makes the NOI $74,097 if you account for 5% vacancy. This property is priced at a 7.06% cap rate and still has room to raise rents. The next door restaurant; Dukes, has a shuttle that takes people to and from every Cardinals, Blues, STL FC game and every downtown concert- for free! Walk to dozens of other bars, restaurants or coffee shops + enjoy constant neighborhood events such as Octoberfest. Anheuser-Busch, one of St Louis largest employers being located in Soulard. Many Saint Louis University and A.T. Still University (dental) students choose to live in Soulard. See Rent Roll in the Offering Memorandum. The common areas can be viewed anytime and 1 unit can be toured with proof of funds provided (building is currently fully occupied).

Detailed Items

Other Information

1916 Menard Street, St Louis, MO, 63104 is a (none specified) listing of 10,080 sqft on a lot of 0.1. This (none specified) listing has 0 bedrooms, and 0 baths. The map for this location can be viewed on Google maps at Google maps to property1916 Menard Street, St Louis, MO
Copyright © 2025 MARIS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Ask a question

By pressing Request Info, you agree that HousingNow.com and real estate professionals may call, text or email you regarding your inquiry, which may involve the use of automated means.
Learn how to appear as the Local Advisor above