8 Units in the Historic Tower Grove East

Fully updated 8-unit apartment building in the historic Tower Grove East neighborhood.

• Located just 1.5 miles from Tower Grove Park and all the amenities South Grand has to offer.
• The building is surrounded by popular neighborhood restaurants and coffee shops for tenants to enjoy.
• Built in 1927, this brick building has a total square footage of 6,400 on a 6,288 square foot lot (0.144 acres). This property is priced to sell at $102 per square foot.
• Each 1-bedroom, 1-bathroom unit boasts 750 square feet of modern living space.
• All units were completely renovated in 2021 with granite countertops, stainless steel appliances (including gas stoves, refrigerators, microwaves, and dishwashers), in-unit washers and dryers, and keyless locks throughout.
• Major property upgrades in 2021 include new condensers, PVC plumbing, sewer laterals, and a TPO roof.
• There is potential to increase rent as-is. Using an estimated pro forma rent amount of $1,024 per month, a fully-occupied building would generate $8,192 per month, or $98,304 annually. The pro forma rent amount is based on 33 1-bedroom apartment rentals seen within 1 mile of the property in the last year, according to Rentometer.com.
• A virtual tour of one of the units is available here: https://bit.ly/2906_2W

Paying buyers agent 2%