3688 Dover Place, St Louis, MO 63116

Property Description

Offered at $424,900, this approximately 4,218 SF property features four spacious 1-bedroom, 1-bathroom apartments with unique architectural character, including original hardwood floors, arched openings, and an impressive curved staircase. Three apartments are currently occupied, generating $2,450 in monthly rental income ($29,400 annually). The fourth apartment is vacant and requires renovation, presenting an opportunity for investors to add value through improvements and lease-up. Each apartment features its own fully enclosed rear porch, front and rear access, and a separate HVAC system. A detached four-car garage offers additional potential for parking or storage income, subject to necessary repairs. Situated near Carondelet Park, South Grand Boulevard, and Interstate 55, the property benefits from an established residential setting with convenient access to shopping, dining, recreation, and Downtown St. Louis. With existing rental income, distinctive architectural features, and opportunities for future improvements, 3688 Dover Place presents an attractive opportunity for investors seeking a multifamily property with value-add potential in South St. Louis. **Please Note: Interior photos depict the vacant unit, which is offered as-is and requires renovation. The remaining three apartments are currently occupied and income-producing.**