Wonderful opportunity to invest in a turn-key 4-unit apartment building right in the heart of the booming Delmar Loop. Offered at an 8.52% Cap Rate Return,6424 Cates boasts $1325 rents on all four units leased through May/June 2022.Great updates throughout, almost all PVC plumbing and copper supply, updated electrical panels, tile flooring in the kitchens, updated bathrooms and kitchens, - NO need for any major updates to achieve great cash-flows for years to come. Full roof repair in 2018, new vinyl windows everywhere. These sizable 2-bedroom units have sunrooms often used as a third bedroom. Fenced-in back yard, and four spots of off street parking. With the continual development in the Delmar Loop and the nearby Washington University, this neighborhood has performed incredibly well for investors and is positioned nicely for future growth...Call today before it's gone!
Listing courtesy of Mary Lewis Realty.
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