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Updated almost 4 years ago on . Most recent reply

User Stats

21
Posts
7
Votes
Tammy Wiggins
  • Real Estate Agent
  • Saint Charles, MO
7
Votes |
21
Posts

St. Louis Mult-Family Cap Rate

Tammy Wiggins
  • Real Estate Agent
  • Saint Charles, MO
Posted

What is considered a good cap rate for multi-family units in St. Louis.  I'm looking at 2 and 4 unit properties.  I can't get anything to hit the 8% when I calculate even when I leave out property management fees of 10%.  I eventually do not want to manage my properties, but an able right now.

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