Striking 12-unit building built in 1929 features 10 one bed units & 2 studios currently leasing at $850 and $625 a month. Building was recently renovated and will be fully leased prior to sale. Fully rented the building grosses $9,775 monthly and $117,300 annually with projected 2018 expenses at $29,590 and a net income of $87,710. Renovation included new soft close cabinets, white quartz counter-tops, in-unit laundry, 4 piece stainless steel appliances. Building features central air with all new condensers. Bathrooms have been completely renovated, hardwood floors refinished. Entire building dry-walled and re-plastered. New insulated TPO roof was installed. New vinyl insulated windows were installed, New commercial exterior meter bases, new 200 amp service panels. New light fixtures and electrical finishes. New wiring in all kitchens, bathrooms, basement. New 2 " copper main water service. New PEX water lines, PVC waste lines, PVC drain lines throughout. Professionally landscaped.
Listing courtesy of Invest St. Louis.
Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange. Information From Third Parties, Deemed Reliable But Not Verified