EXTREMELY RARE - Massive, fully occupied gut renovated 12 family blocks from Washington University. Tenants/Owners can walk to Campus, Forest Park, the Loop, the CWE and tons of retail. The Building is half one's and half two's featuring: refinished hardwood floors, large new windows, new lateral/plumbing, electric, kitchens/baths, forced heat, central air, and W/D in unit. A brand new 20+ year-warranty roof was installed a couple months ago, along with brand new steel porches/fire escape. There is gated off street parking, and storage available in the basement. The units are rented to Wash U students but have not seen rent increases in years. There is tons of upside on this one; property runs in place btw 6.5-7% cap and can easily be north of a 10% cap with little effort - you wont find this deal in a 63112 zip code. Add some personal touches, or just cash your rent checks – this property provides perfect value for someone looking to live & invest in a Class A neighborhood.
Listing courtesy of St. Louis Apartment Experts, LLC.
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