St Louis, MO 63111 530 Bates Street

Excellent investment opportunity in the heart of Saint Louis City! This well-maintained two-story multifamily property features two separate units, with one unit per floor, offering privacy and strong rental appeal. Each unit includes 2 spacious bedrooms and 1 full bathroom, with functional layouts that tenants appreciate. The building is fully occupied with long-term tenants, providing immediate and consistent rental income for the new owner. Tenants have established rental history, making this property ideal for investors seeking a stable, turnkey asset with minimal vacancy risk. Current rents are well below market, as the owner has not increased rents for many years, offering strong upside potential with future lease renewals. Property highlights include a detached car garage located at the rear of the property, offering valuable off-street parking, as well as a fully fenced yard, which adds privacy and security. The lot is well-utilized and easy to maintain. Separate entrances enhance tenant convenience and reduce shared common areas. This property is situated near major roads, public transportation, shopping, dining, and local amenities, making it an attractive location for renters. The surrounding neighborhood supports strong rental demand and long-term investment potential. Please note: No showings without an accepted contract. The building is fully occupied, and access will be granted only after contract acceptance to respect tenant privacy. Perfect for investors looking to expand their portfolio with a solid multifamily property in Saint Louis City. Do not miss this opportunity to acquire a cash-flowing asset with long-term upside