It’s not often you find two side-by-side 4-families for sale (see 4509 Chouteau MLS#17067628), but it’s even more uncommon for them to be located in such a stellar location. Sitting right off of the northwest corner of Chouteau and Taylor, this 8-unit package is located in the Grove just across the bridge from the amazing Cortex Innovation Community. These buildings are currently fully-occupied with rents ranging from $550 to $636. Each unit has the same 4-room layout with a private bedroom in the rear and one bath. The current layout makes for a very spacious 1-bed, but with a renovation, these units could easily be converted to 2-beds with private beds in the front and rear of each unit. The returns, as things stand, are modest but with a rehab, fetching rents of $1,200 a month or higher should be easy. Seller willing to split the buildings under the right circumstances, but prefers to sell as a package ($570,000) with 4515 Chouteau (MLS #17067628).
Listing courtesy of St. Louis Real Estate Society.
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