Investment opportunity! This is one of the largest 4-family buildings in south city, 5600 sq ft, and sits directly on red hot Cherokee Street! Each 2 bedroom unit is roughly 1400 sq ft. Total expected monthly rent is $3200. 2 units currently rented. Upper units have an office or small 3rd bedroom. The parcel also includes as 25x130 ft side lot and two 2 car garages. The units retain much of the original character with original trim/moldings and doors. Building also features forced air, newer gas furnaces, new a/c's, circuit breakers and plumbing updates. A block away from Cherokee's central business district which has many restaurants, shops, art galleries, and live music. This location is a short bike ride to Tower Grove & Benton Park. Side lot also represents one of the only opportunities to control a buildable lot anywhere on Cherokee Street. Cash flow? Townhouse Conversion plus new build? Possibilities are endless!
Listing courtesy of RE/MAX Gold VI.
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