HOT opportunity for turn-key 4-family in The Grove. 10% Cap! Each renovated unit is 1000+ sf 2+bd/1ba, In-unit laundry, hardwood, low-e windows, stainless appliances. 1st flr units have deck leading to huge fenced backyard. 2nd flr units w/ bonus room & new staircases. NEW private parking, deck, entry staircase and handrails. One block off Manchester w/ restaurants, venues, bars & shops at your front door. Walk to Cortex, Botanical Garden, Barnes, SLU, Ikea & more. Updated systems, newer roof, PVC stacks, copper lines, newer HVAC. Current owner maintains 70-95% occupancy w/ AIRBNB and has repeat business. Gross rents are $1700-2200/unit. Last long-term lease was $1175/unit. New single-family houses surround the building that sold for $500-750k. SELLING BUILDING AS BUSINESS FURNISHED AND FUTURE BOOKINGS THROUGH END OF MAY, W/ MANAGEMENT FOR THE BUYER UNTIL CURRENT BOOKINGS COMPLETED. Other option is cash-flow machine for owner-occupant, FHA eligible!
Listing courtesy of Quest Real Estate LLC.
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