5043 Alaska Ave

Turnkey 4-Plex in South St. Louis – Fully Updated Units + Strong Cash Flow Investor-ready and fully stabilized, this solid brick 4-plex in the heart of South City offers consistent income and a true turnkey setup—perfect for remote or out-of-state owners. Currently grossing $3,230/month with great tenants in place, all four units have been extensively updated and are fully leased. Unit mix: Two 2-bed / 1-bath units Two 1-bed / 1-bath units Each unit features keyless entry, a range/oven, refrigerator, and select units include dishwashers. Tenants have individual W/D hookups, and there’s additional storage space in the shared basement. Tenants pay gas and electric; owner covers water, sewer, and trash. The property has been thoughtfully maintained with updated windows, mechanical systems, AC and forced-air heating, and a reliable management setup. Stabilized tenancy and clean financials make this a low-hassle acquisition. Situated on a 6,500+ sq ft lot with both off-street and on-street parking. Prime location in Dutchtown near schools, transit, and local amenities. Whether you're expanding your portfolio or looking for strong cash flow with minimal oversight, this one checks the boxes. Rent roll and pro forma available upon request.