Well-positioned 6-family opportunity in a strong rental corridor with great exposure on Cherokee. This 7,000+ sqft property consists of six units each with consistent true 2 bed, 1 bath floorplans (no walkthrough bedrooms) supporting stable, long-term leasing. Each unit offers front and rear access, with covered porches overlooking a fenced in backyard.Modern amenities include double pane windows, forced air heat and central AC throughout along with a NEW ROOF in '26, two off-street parking spaces, and three separate basements providing laundry capability and options for tenant storage.Projected rental performance is above the 1% rule, presenting compelling fundamentals on cash flow and long-term hold strategy.Located just off Cherokee Street in South St. Louis, the property benefits from proximity to one of the city's most active and culturally vibrant corridors, known for its retail, dining, and arts district. Whether you're an owner-occupant or seasoned investor, this income-oriented asset offers scale, simplicity, and durable upside for the disciplined investor.
Listed By
Agency Name: EXP Realty, LLC
Shown By
Agency Title: Trophy Properties & Auction
Agency Phone: (855) 573-5263
Estimated Payment
$ 1,807.37 per month $1,446.62 Principal & Interest $171.17 Property Tax $189.58 Homeowner's Insurance
2902-2906 Cherokee Street, Unit 2902-2906 | MLS# 26009054
This townhouse located at 2902-2906 Cherokee Street, Unit 2902-2906, Saint Louis, MO 63118 is currently listed for sale with an asking price of $650,000. This property was built in 1898 and has 12 bedrooms and 6 full baths with 7112 sq. ft. 2902-2906 Cherokee Street, Unit 2902-2906 is located in the Cherokee Place Add subdivision within the St Louis City school district. Search Cherokee Place Add real estate on www.trophypa.com today.