4260-62 Michigan Avenue

Highlights

Fully-leased 6-unit asset featuring all 1 Bed/1 Bath units

Well-maintained 1928 brick construction

Opportunity to acquire at a competitive basis with the potential to increase cash flow through operational efficiencies and targeted unit upgrades

Stable South St. Louis neighborhood with consistent rental demand and low turnover

New roofing in 2022 with 20-year warranty

Long-term neighborhood stability

Limited new apartment construction at comparable price points supports continued occupancy and rent stability

Convenient South City location near transit, highways, retail, and amenities

Overview

CBRE, as exclusive marketing advisor, is pleased to present 4260–62 Michigan Avenue, a fully leased six‑unit brick apartment building located in South St. Louis. Situated along a quiet residential corridor, the property offers investors a stabilized asset in an established neighborhood supported by strong rental demand and historically low tenant turnover. The building also carries a secondary address of 3119 Chariton Street.

The property consists of six one‑bedroom, one‑bathroom units, which feature efficient floor plans, hardwood flooring, and an abundance of natural light. 

Significant capital improvements include new TPO roofing installed in 2022 with a 20‑year warranty, positioning the asset for minimal near‑term maintenance and capital expenditures.