Recently renovated 4 family walking distance to Wash U, Forest Park and The Loop. Renovation included all new kitchens with high end cabinets, granite counter tops, stainless steel appliances, in unit laundry. Units have all new updated baths, new flooring, all new windows, new updated electric including ext electric service, central air. There is a large detached four car brick garage. There are two 2 bed 2 bath units and two 2 bed 1 bath units were all recently rented to Wash U grad students for $1,295,$1,295,$1,295 and $1,195. Units not leased at ideal times but leases expire at ideal times, rents could be raised to $1,395 for the 2 bed 2 baths and $1,295 for the 2 bed 1 baths when the leases expire. Half of garage rented for $150/month. Total rent can be raised additional $6,600 annually. Currently priced at a 7% cap with ability to raise to 8% cap. A 6 family at 6275 Enright just sold for $1,150,000 ($191,660 a unit) and a 2 family at 6030 Washington for $357,500 ($178,750 a unit)
Listing courtesy of Invest St. Louis.
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