Property Address: 4344 Mcree Avenue Avenue, St Louis, MO, 63110
Average square foot calculated using Size range provided by listing agent.
Description
4344 McRee Avenue is a fully rehabbed and stabilized 4-unit quadruplex investment opportunity in the rapidly appreciating Forest Park Southeast submarket. This institutional-quality asset offers an exceptional 8.35% cap rate with significant value-add opportunity through rental increases to market rates. Some highlights include: Complete renovation 2020-2021 with premium finishes. Property tax abatement through 2026 ($5, 600+ annual savings). Current rents $177-$277 below market comparables. Walking distance to Washington University Medical Campus 8.52% NOI margin demonstrates operational efficiency. Rear parking for 4 vehicles. Missouri capital gains tax elimination (2025)