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.
Listed By
Agency Name: CBRE
Shown By
Agent Name: Stephanie Noecker
Agent Phone: (314) 537-7404
Agency Title: RedKey Realty Leaders
Estimated Payment
$ 2,502.70 per month $1,988.57 Principal & Interest $407.67 Property Tax $106.46 Homeowner's Insurance
4260 Michigan Avenue | MLS# 26019382
This multi-family property located at 4260 Michigan Avenue , Saint Louis, MO 63111 is currently listed for sale with an asking price of $365,000. Michigan Avenue is located within the St Louis City school district. Search Saint Louis real estate on www.liveinstlcity.com today.