1942 Clara Avenue, St Louis, MO 63112
- $94,900
- $99,900
Description
Motivated Seller!! Back on market at no fault to seller. Don’t miss this fully occupied, cash-flowing opportunity in the historic Wells-Goodfellow neighborhood. This one offers an 11% cap rate and a 21% return. Previously a four family, this has been converted to two townhouse style units each containing three bedrooms and two bathrooms. Each unit’s main floor contains a living room, dining room, large eat-in kitchen, and a half bath. Upstairs you’ll find three additional bedrooms and a full bath. Both tenants are long term and are on annual leases, providing an investor peace of mind. This building brings in $1,500 per month with long term paying tenants- so you’re doing much better than the “1% rule”. While this one delivers a great return as-is, there is plenty of upside to upgrade the units and get significantly higher rent. Priced to move, so bring us your offer! Showings only with an accepted contract so tenants aren’t disturbed. Potential to package with 5892 Highland Ave- another duplex just blocks away. Make an offer for both! Owner is a licensed agent (not listing agent).
Address
Open on Google Maps-
Address: 1942 Clara Avenue
-
City: St Louis
-
State/county: MO
-
Zip/Postal Code: 63112
-
Area: Burds Arlington Grove Add
Details
Updated on March 11, 2026 at 8:31 pm-
Property ID 25073377
-
Price $94,900
-
Land Area 0.1295 Acres
-
Garage Size x x
-
Year Built 1915
-
Type 2-4 Units, Residential Income
-
Property Status Active
Additional details
-
Listing Terms Cash,Conventional,Private
-
Roof Flat
-
Utilities Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
-
Cooling Window Unit(s)
-
Heating Forced Air
-
County St Louis City
-
Property Type Residential Income
-
Elementary School Ford-Ford Br. Elem. Comm. Ed.
-
Middle School Langston Middle
-
High School Sumner High
-
Architectural Style Traditional
Mortgage Calculator
-
Down Payment
-
Loan Amount
-
Monthly Mortgage Payment
-
Property Tax
-
Home Insurance
-
PMI
-
Monthly HOA Fees