MO
St Louis City
St Louis
63118
4042 Nebraska Avenue
4042 Nebraska Avenue, St Louis, MO 63118
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Listing Type
Multi Family
Listing Status
Active
37
$450,000

Home Details for 4042 Nebraska Avenue

Price
$450,000
Type
Residential Income
Square feet
7919
Year built
1890
Lot size acres
0.1423
County
St Louis City
Days on site
65
MLS Listing#
26031698
Property Description

CAP RATE 13.55%!!! CAP RATE = NOI / ASKING PRICE X 100 DO THE MATH!!!! (see below) This beautiful, refurbished 4-unit brick apartment building is a landlord's CASH COW!!! The property features two massive 6-bedroom/2-bath units and two spacious 2-bedroom/1-bath units. Enjoy immediate 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, interior has been freshly painted and refinished floors. With all occupancy permits already finalized, 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 Features
  • Cooling Information
    • None
  • Water Features
    • Public
School Information
School Information for 4042 Nebraska Avenue, St Louis, MO 63118
Elementary School
Meramec Elem.
Middle School
Fanning Middle Community Ed.
High School
Roosevelt High
Listing Courtesy: EXP Realty, LLC - 866-224-1761
Presented by: Jody Parrish
Mid America Regional Information Systems logo Based on information submitted to the MLS GRID as of 2026-06-29 10:29:39 . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Median Listing Price
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Market statistics compiled from data from Mid America Regional Information Systems.
EXIT ELITE REALTY
630 Jeffco Blvd, Arnold, MO 63010
Office
636 464 3222
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