4260-62 Michigan Avenue 4260 Michigan Avenue
St. Louis, MO 63111
For Sale
7,248 sqft
Sale Price
$365,000
Property Website
Map
Multifamily For Sale - Available Immediately
Fully Leased 6-Unit Multifamily Asset in Stabilized South St. Louis Location
Fully-leased 6-unit asset featuring all 1 Bed/1 Bath units
Well-maintained 1928 brick construction
Opportunity to acquire at a competitive basis with the potential to increase cash flow through operational efficiencies and targeted unit upgrades
Stable South St. Louis neighborhood with consistent rental demand and low turnover
New roofing in 2022 with 20-year warranty
Long-term neighborhood stability
Limited new apartment construction at comparable price points supports continued occupancy and rent stability
Convenient South City location near transit, highways, retail, and amenities
Get in touch
Kenin Halilovic
Matt Bukhshtaber
Mark Bukhshtaber
Max Barron
CBRE, as exclusive marketing advisor, is pleased to present 4260–62 Michigan Avenue, a fully leased six‑unit brick apartment building located in South St. Louis. Situated along a quiet residential corridor, the property offers investors a stabilized asset in an established neighborhood supported by strong rental demand and historically low tenant turnover. The building also carries a secondary address of 3119 Chariton Street.
The property consists of six one‑bedroom, one‑bathroom units, which feature efficient floor plans, hardwood flooring, and an abundance of natural light.
Significant capital improvements include new TPO roofing installed in 2022 with a 20‑year warranty, positioning the asset for minimal near‑term maintenance and capital expenditures.
The property consists of six one‑bedroom, one‑bathroom units, which feature efficient floor plans, hardwood flooring, and an abundance of natural light.
Significant capital improvements include new TPO roofing installed in 2022 with a 20‑year warranty, positioning the asset for minimal near‑term maintenance and capital expenditures.
The property is situated near major thoroughfares including South Grand Boulevard, I-55, and I-44, allowing for efficient travel to Downtown St. Louis, regional employment centers, and surrounding neighborhoods. Public transportation is readily accessible, with nearby bus routes providing additional commuting options.
Total Space Available
7,248 sqft
Sale Price
$365,000
Get in touch
Kenin Halilovic
Matt Bukhshtaber
Mark Bukhshtaber
Max Barron