EXTREMELY RARE - Massive, fully gut rehabbed 6 unit condo blocks from Wash U, Clayton and the heart of HWY 40. The building was separated and sold as six 2 bd/1 bath condos – the building has since been put back together under one ownership with 6 renters. Tenants and owner occupants can walk for a drink at the Cheshire, take a quick run in forest park, or hit up Dogtown or the Clayton secs. All units are the same floor plan with resurfaced hardwood floors, updated HVAC, updated plumbing, modern kitchens and baths, and equal sized bedrooms with tons of natural lighting. All appliances stay with the building + 6 washer dryers for each unit. There is tons of upside on this one; property runs in place at an 8% cap rate and can easily be at north of a 10% cap with little effort - you wont find this deal anywhere else in the 63117. Add some personal touches, or just cash your rent – this property provides perfect value for someone looking to live & invest in a Class A neighborhood.
Listing courtesy of St. Louis Apartment Experts, LLC. Selling Office: .
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