Investor Alert! Renovated 4-family building in the desirable Southwest Garden District. Fully Occupied. Cap rate above STL market average. Low maintenance building with great rents and long term tenants. One and a half blocks to the Mo. Botanical Gardens and walk to Tower Grove Park. Units have all extensively been renovated 4 years ago. Updates include: all plumbing, water service from street, washer/dryer hookups in units, new windows. New kitchens and baths in all units. Unit 1E was set up as an owners unit and has ventless fireplace and a bath with separate tub/shower. All units are 2 bedroom, 1 bath with a large living and separate dining rooms with beautiful hardwood flooring. Ideal opportunity to live for free as owner/occupant, or incredible addition to any investment portfolio. Most recent unit rented for almost $1400/month. These units rent quickly due to the popular location and large floor plans.
Mls | 24072902 |
---|---|
Listing Type | For Sale |
Subtype | Resale |
Status | Active |
Year | 1925 |
Days On Site | 21 |
Listing Provided By | Compass Realty Group | Michael Knoll |
Sq Feet | 4,216 |
---|---|
Acreage | 0.15 |
State | MO |
---|---|
County | St Louis City |
City | St Louis |
Zip Code | 63110 |
Area | South City |
Community Name | Southwest Garden District |
School District | Roosevelt High |
Elementary School | Mann Elem. |
Middle School | Fanning Middle Community Ed. |
High School | Roosevelt High |
Listing VS Median (in Southwest Garden District) | |
Price: $795,000 low | high Med: $795,000 SqFt: 4,216 low | high Med: 4,216 $ / SqFt: $189 low | high Med: $189 On Site: 21 low | high Med: 21.000000 |