3304-3306 Keokuk St, Saint Louis, MO, 63118

About This Home

Here's your opportunity to house-hack and reduce your living expenses or add a massive duplex to your rental portfolio. This 3,780 sf property features two spacious 4-bed/2-bath townhouse-style units. Gross potential income of $3,270/mo is in line with 4-family properties of similar size, but with less tenants and less management complexity. 3304 is leased at $1,635/mo and 3306 is vacant, giving buyer the flexibility to occupy or rent for additional income. With both units leased, it delivers an estimated 9.5% cap rate and a strong 14.5% cash-on-cash return, making it an attractive investment. Both units feature central a/c and in-unit laundry hookups. Many updates including: a new elastomeric roof coating, sewer lateral replacements on both sides, newer electrical panels, new carpeting on each second floor, new vinyl plank in 3306, some new cabinets and appliances, updated baths, new decking, and fresh paint throughout. Unit 3306 and each basement are available for immediate showings. 3304 will be available to view with accepted contract.