This quiet gem is fully occupied with 4 long-term tenants and 1 newer one. All units have: living room, dining area, bedroom(s) w/big closets, and kitchens with wood cabinets, Formica counters, and mostly newer appliances. Terrazzo flooring in the front units, hardwood flooring in the back units. MCM bathrooms have tile floors. Three 1-bedroom units are in the front, on a slab (no basement). Rents are $490, $525, and $525. Interior photos shown are of from one of these units. A 1-bedroom unit and a 2-bedroom unit are located in the back, over the basement. Rents are $490 and $605. Individual utilities with separate gas forced air and central AC. Updates: two new condenser units (2007 & 2016); 75-gallon hot water heater (2016) serves the entire building for just $720 per year; one updated stack; new roof in 2005; parking lot paved in 2007. Webster Groves School District. 5.6% cap rate w/current income/expenses; 6.3% with modest rent increase to $550 for 1-bd, $650 for 2-bd.
Listing courtesy of Realty Exchange.
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