Large 3 family is located in The Grove in close proximity to Forest Park, Barnes Jewish Medical Complex, Washington University School Of Medicine, St. Louis University, Cortex, University Of Health Science And Pharmacy In St. Louis, The Central West End, Botanical Gardens and Tower Grove Park. Built in 1927 this building consists of 2 three bedroom units and one 1 bedroom units for a total of 7 bedrooms. Current rents are $3,265/mo or $39,180 annualized. There is the potential to add value and raise rents in the future - these units rented at market rates could yield $49,200 of gross rental income annually based on rent comparables. The average rent price in The Grove is $1,669 (provided by rent cafe). All units are month to month. All units have been updated. Would be ideal for an investor or owner occupant. Can be purchased with nearby 3 family 1210 Newstead or with 6 other total nearby multi families as part of a package. Inquire with the listing agent for more information.
12851 Manchester Road, STE 110 St. Louis, MO 63131 314-835-6000
Listed by Invest St. Louis, Jordan Schoen
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Listing information courtesy of: Invest St. Louis
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