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2419-2423 Menard Street
St. Louis, MO 63104
Asking Price
$760K
Cap Rate
7.19%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
Multifamily | 6 Units | $126,667/unit <p>100% LEASED, 7.19% IN-PLACE CAP — Day-1 cash flow with $84,528 annualized rent</p><p></p><p>10.21% STABILIZED CAP — Clear path through mark-to-market + attic expansion</p><p></p><p>$15,072/YR IMMEDIATE RENT UPSIDE — All six units below market; every lease rolls between July and December 2026</p><p></p><p>ATTIC EXPANSION OPPORTUNITY — Convert a 1BR/1BA into a 3BR/2BA for +$12,600/yr on a single unit</p><p></p><p>ALL-BRICK HISTORIC SOULARD — Hardwood floors, soaring ceilings, original millwork,
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NOI
$80,000
Cap Rate
10.53%
DSCR
1.77
Strong
Cash-on-Cash
15.30%
Monthly Payment
$3,760.065
Annual Cash Flow
$34,879.216
