Up for sale is this well-maintained, 16 unit building with welcoming courtyard which includes 13 garage spaces across 4 buildings. 2 of these garage buildings are located on a separate parcel at 3917 Alexander Rear, which is included in the sale at no additional cost. All of the apartments offer the same floor plan with a living room, kitchen, full bath, and a private bedroom. There are 4 separate basements. Rents average at $525 per unit with newer vacancies being filled at $550. The garage bays are leased separately from the apartments and bring in a good amount of additional income (9 of the 13 spaces are rented). The building boasts many updates including new windows in 2017, new roof in 2016, some recent tuckpointing, central air, and varied cosmetic updates to the individual apartments. This is a wonderful, turn-key opportunity with plenty of upside for steady revenue generation. 2 vacant units + basements can be shown by appt. and the rest with an accepted offer.
Listing courtesy of St. Louis Real Estate Society.
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