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5209 Palm St - INCOME PRODUCING - VALUE ADD QUADPLEX 4 Unit Apartment Building Offered at $218,944 CAD Saint Louis, MO 63115
Investment Highlights
- Cash-Flowing Multifamily Asset – Four income-producing units with in-place rents and immediate revenue generation
- Stabilized Rental Location – Located in an established St. Louis rental pocket with consistent tenant demand and long-term investor appeal
- Built-In Rent Upside – Seller reports current rents approximately $100 below market, with market rents projected at $750–$850 per unit
Executive Summary
This asset presents a compelling value-add play: current rents under market provide immediate cash-flow upside. Leverage the rent roll and adjust leases to market rates post-closing to significantly increase net operating income. Buyers with a focus on rental growth and cash-flow improvements can see alignment with return targets.
Property Facts
| Price | $218,944 CAD | Building Size | 3,600 SF |
| Price Per Unit | $54,736 CAD | Average Occupancy | 100% |
| Sale Type | Investment | No. Stories | 2 |
| No. Units | 4 | Year Built | 1935 |
| Property Type | Multifamily |
| Price | $218,944 CAD |
| Price Per Unit | $54,736 CAD |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Building Size | 3,600 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1935 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $821.04 CAD | - |
1 1
Walk Score®
Very Walkable (77)
Property Taxes
| Parcel Number | 5949-00-0070-0 | Improvements Assessment | $8,333 CAD |
| Land Assessment | $575 CAD | Total Assessment | $8,908 CAD |
Property Taxes
Parcel Number
5949-00-0070-0
Land Assessment
$575 CAD
Improvements Assessment
$8,333 CAD
Total Assessment
$8,908 CAD
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5209 Palm St - INCOME PRODUCING - VALUE ADD QUADPLEX
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