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This 4-family features four nicely renovated 1/1 units with a living room, bedroom (two private, two walkthrough), attractive kitchen and bath, sunroom, LVP flooring, white wood trim, and neutral paint. The 3722 side features new electric wiring throughout, plumbing, windows, plus renovated kitchens, baths, flooring, paint, and light fixtures. 3720 2F features some new windows, new flooring, plus renovated kitchen and bath. 3720 1F was updated by the previous owner '21-'22 and received new flooring in '24. Basement houses laundry hookups, updated sewer lateral, new water heaters and furnaces ('21-'23), circuit breaker electric panels (new on 3722 side), pex water lines, and PVC waste stacks. Heat is forced air, cooling is window AC (2 per unit). TPO roof was installed in '22. See supplements for the detailed list - even the original stained glass has been restored! Parking is on-street. Units rent for 749, 799, 695, and 799 - plus a $60 utility billback (each) for a gross annual income of 39,384. Less operating expenses of 12,124 (ask your agent for details in the supplements) = NOI of 27,260, a 9.24% cap rate at asking price. Use management? Add that in for your adjusted figures. Rentometer indicates rents could be even higher (see photos). Units are fully occupied and can be shown with an accepted offer, but basement and exterior can be viewed with an appointment. Photos are from before current tenants moved in. This is a turnkey operation, ready to be a solid addition to your portfolio! Basement showing will be available soon, after a few things are completed. Units are occupied, so they'll be shown only with an accepted offer.
Property Type(s):
Multi Family
| Last Updated | 10/17/2025 | Tract | Phillips Add |
|---|---|---|---|
| Year Built | 1927 | Community | 3 - South City |
| County | St Louis City |
SCHOOLS
| Elementary School | Oak Hill Elem. |
|---|---|
| Jr. High School | Fanning Middle Community Ed. |
| High School | Roosevelt High |
Additional Details
| AIR | Ceiling Fan(s), Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 3 - South City |
| BASEMENT | Unfinished, Walk-Out Access, Yes |
| CONSTRUCTION | Brick |
| HEAT | Natural Gas |
| LOT | 4513 sq ft |
| PARKING | On Street |
| STORIES | 2 |
| STYLE | Apartment Style |
| SUBDIVISION | Phillips Add |
| TAXES | 1334 |
| UTILITIES | Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected |
| WATER | Public |
Location
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