4042 Nebraska Avenue, St Louis, MO 63118
Irwin Z Smiths Add · St Louis City County
Key Facts
Description
This beautiful, refurbished 4-unit brick apartment building is a landlord's CASH COW!!! CAP RATE 13.55%!!! CAP RATE = NOI / ASKING PRICE X 100 DO THE MATH!!!! (see below). Featuring two massive 6-bedroom 2-bath units and two spacious 2-bedroom 1-bath units. Enjoy fantastic cash flow with an estimated gross monthly income of $6,600 ($2,100 month for the 6-bed units; $1,200 month for the 2-bed units). Updated kitchens and baths. Newer windows, fresh paint and refinished floors. All occupancy permits have been passed , add the kitchen appliances, and this high-yield multiplex is rental-ready. At an asking price of $450,000, this property represents an exceptionally strong financial opportunity with a projected Capitalization Rate (Cap Rate) of 13.55%!!! Gross Annual Income: $79,200 -5% Vacancy Allowance: $3,960 Effective Gross Income (EGI): $75,240 Estimated Operating Expenses $784 Taxes Estimated Property Insurance $2,500 Maintenance & Reserves (5% of Gross) $3,960 Property Management (8% of Gross) $6,019 Admin/Misc Exp $1,000 Total Estimated Operating Expenses = $14,263 $75,240 - $14,263 = $60,977 (Net Operating Income)
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Style
Apartment Style
Year Built
1890
Living Area
7,919 sq ft
Lot Size
0.14 acres
Days on Market
26
MLS® Listing#
26031698
Property Features
Cooling
Flooring
Construction
Water Source
Schools
- Elementary:
- Meramec Elem.
- Middle:
- Fanning Middle Community Ed.
- High:
- Roosevelt High
Financial Details
HOA
None
Annual Taxes
$784
Tax year 2025
Parcel Number
2601-00-0050-0
Directions
GPS friendly
Affordability Calculator
$90,000
Estimated monthly payment
$2,395/mo
Principal $360,000 · Est. interest $502,232 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in St Louis, MO
- $211,139
- Median Listing Price
- 48
- Median Days on Market
- 1,527
- Median Sq Ft
- $142
- Median Price / Sq Ft
- 2,686
- Active Listings
- This home’s price is 113% above the area median.
- Its price per sq ft is 60% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in St Louis, MO.
Location
Points of Interest in St Louis, MO
Showing the St Louis area map.
Nearby Schools
Meramec Elementary School
Elementary · 0.2 mi away
South City Academy
School · 0.3 mi away
Carnahan Middle
Secondary · 0.3 mi away
St. Anthony of Padua Church
School · 0.3 mi away
Froebel Literacy Academy Elementary School
Elementary · 0.4 mi away
Cleveland High School
Secondary · 0.5 mi away
Eagle Gravois Park
Elementary · 0.6 mi away
Holy Cross Lutheran Church
School · 0.6 mi away
Honey Bee Plus Child Care Center
School · 0.6 mi away
Saint Louis Sudbury School
Secondary · 0.6 mi away
Monroe Elementary School
Elementary · 0.7 mi away
Kairos Academies
Secondary · 0.7 mi away
Imagine Academy of Careers
School · 0.8 mi away
Karen's Kids Daycare
School · 0.9 mi away
Shepard School Lofts
School · 1.0 mi away
St Mary's High School
Secondary · 1.0 mi away
Fanning Middle School
Secondary · 1.1 mi away
St Louis Public Schools
Secondary · 1.2 mi away
St Cecilia School
School · 1.3 mi away
St. Frances Cabrini Academy
School · 1.3 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 17145 Lemming Lane, St Robert, MO | $315,000 | 4 | 4 | 3,420 |
| 4901 Washington Boulevard 2C, St Louis, MO | $315,000 | 2 | 2 | 1,800 |
| 17351 County Road 1060, St James, MO | $315,000 | 3 | 3 | 2,346 |
| 4448 Telegraph Road, St Louis, MO | $315,000 | — | — | 1,079 |
| 6644 Gravois Avenue, St Louis, MO | $315,000 | — | — | 3,740 |
| 1118 Riverwood Place Drive, St Louis, MO | $315,000 | 3 | 3 | 2,286 |
Moving Cost Estimate
EXIT Agents in St Louis
Listing Courtesy: EXP Realty, LLC - 8662241761
Presented by: Jody Parrish