2821 Henrietta Pl St St. Louis, MO 63104

This exceptional 4-unit apartment building, located at 2821 Henrietta Pl, St. Louis, MO 63104, presents a compelling investment opportunity. Situated between Lafayette Park and Compton Hill Reservoir in the Gate District, this property benefits from its proximity to ongoing development and revitalization efforts on Lafayette Avenue. The building, constructed in 1890, features a total of 4,936 square feet on a 2,993 square foot lot. Each of the four units offers a spacious 2-bedroom, 1-bathroom layout spanning 1,234 square feet, with updated kitchens, bathrooms, flooring, and paint. Some units include in-unit laundry. The upstairs units feature a bonus room ideal for a home office. Modernized systems include central heating and air conditioning, and newer water heaters are in place. Currently boasting 100% occupancy, the property generates a Net Operating Income (NOI) of $44,873, with a pro-forma NOI of $55,433, reflecting a 7.49% cap rate and a pro-forma cap rate of 9.25%. The asking price is $599,000, or $149,750 per unit. The property's strong performance, desirable location, and updated features make it an attractive investment prospect. The APN is 2132-00-0290-0.