Priced below Clayton sales comps - bring your qualified investors! Priced to sell at $162,500/unit for 6 large 2 bed units*7.01% proforma cap rate* All offers to be submitted on Spacial Sale contract. Clayton 6 family building in great condition with spacious 2 bedroom units. Many updates. Windows replaced in 5 units. Separate formal dining rooms with built-in ambient lighting, large living room, ample bathroom and bedroom sizes. 1 Block from St. Louis Galleria, 3 blocks from The Boulevard Shops. Short Walk to Shaw Park and Pool. 5 of 6 apartments have been updated since 2010. Fully occupied with below market rents - MTM tenancy and no rent increases in several years allow for immediate rent upside. 6 car basement garage parking. separate water heaters, furnaces and electric for low operating expenses. Corner lot, sits on .41 acre of land (per county records). Plenty of yard space to add a gazebo or grilling/patio area, dog run, etc and add value!
Listing courtesy of RE/MAX Results.
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