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Updated over 4 years ago on . Most recent reply
St. Louis Missouri multifamily
Looking at 2 to 30 units in St. Louis, MO. First look into this area. Looking at a 12 unit deal right now. Rents and returns look decent, but is this a war zone? Rents average $750/unit on 3bd/1ba units. Section 8 tenants on year long leases. Owner managed right now but I would be out-of-state looking for a property management company as well as real estate attorney in that area. Any experience in St. Louis? Good/bad? Any recommendations on management companies and bad parts of town?
Most Popular Reply
Hey Josh,
I'm an out of town investor in STL. I have a 12-unit building in the Shaw neighborhood, right across from the Botanical Gardens. Much better part of town. I might be putting it on the market in the spring, but if you're looking to buy something now, maybe we can talk offline. Hit me up if you're interested.
Andrew