Attractive 12 unit building with unique architectural finishes built in 1928 was recently renovated featuring 8 studios and 4 one bed units. Building is fully rented grossing $7,125 monthly, $85,500 annually with expenses at $22,230 with an annual net income of $63,270. Renovations included new soft close cabinets, quartz counter tops, new refrigerators, stoves. Renovated bathrooms, new exterior entry doors, refinished interior doors. High-efficiency LED lighting, modern ceiling fans in all living rooms and bedrooms, exterior safety and accent lighting. Custom-cut 2" wood blinds, new shelving in all closets, refinished hardwood floors. Custom built storage space for tenant storage in basement, new double-hung, vinyl insulated windows. 2 " copper main water service connection has been replaced. New commercial exterior meter bases, weather-head, and service drop. New 100 amp service panels, new light fixtures and electrical finishes. Previous owner installed torch down rubber roof.
Listing courtesy of Invest St. Louis.
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