St. Louis, MO 63111

Attention St. Louis multifamily investors! This value-add brick duplex is located in the Mount Pleasant area of South City and offers approximately 2,150 square feet with two bedrooms per unit. This property is ready for an experienced investor to complete the renovations, modernize the units and bring it back to its full income-producing potential. Once renovated, the property offers multiple exit strategies, including renting both units, selling to an owner-occupant house hacker or completing a full renovation for resale. The strong brick construction, spacious unit layouts and affordable entry point make this an attractive opportunity for a local rehabber, BRRRR investor or long-term rental operator looking to expand their South City portfolio Property Highlights • Brick two-family property • Two bedrooms per unit • Approximately 2,150 square feet • Built in 1916 • Public water and sewer • Flexible rental, BRRRR or resale exit strategy • Located near the South Broadway corridor • Strong demand for affordable two-bedroom rentals • Significant upside through renovation and stabilization Projected Rent: $950–$1,100 per unit Projected Gross Rent: $1,900–$2,200 monthly Projected Rental Potential Current two-bedroom asking rents around Mount Pleasant and 63111 generally range from approximately $850 to $1,150 per month, with larger or better-renovated units sometimes reaching $1,200 or more. A reasonable preliminary target after a quality renovation would be approximately $950 to $1,100 per unit, or $1,900 to $2,200 in total monthly gross rent. Final rents should be based on finishes, unit size, utilities and current rental competition. Area Investment Highlights Mount Pleasant is included in the City of St. Louis’ current PlanSTL Southeast neighborhood planning initiative, along with Dutchtown, Gravois Park, Marine Villa and Benton Park West. The initiative is intended to guide future housing, infrastructure and neighborhood investment decisions. Greater Dutchtown businesses were recently awarded approximately $81,000 in façade-improvement grants, with funding allocated to commercial corridors and properties throughout Mount Pleasant and surrounding neighborhoods. The projects are scheduled to move forward during 2026. The neighborhood has also been evaluated for a potential Mount Pleasant Historic District, which local organizations describe as a long-term effort to encourage preservation, rehabilitation and reinvestment in the area’s historic building stock. Buyers should verify whether the subject is included and whether any design-review requirements apply Access: By appointment only Closing: Cash or hard money preferred Buyer to perform all due diligence regarding property condition, zoning, legal unit count, occupancy permits, utilities, rental amounts and renovation costs Mike Hamid ph: [contact details hidden] em: [contact details hidden]