Renovated 4-Family in The Gate Neighborhood

Architecturally significant four family built in 1890 located in The Gate District close to Lafayette Park, St. Louis University Hospital, St. Louis University School of Medicine and Cardinal Glennon Hospital. This large 4,936 square foot building was recently rehabbed and features 1,200 square foot 2 bed 1 bath units with updated kitchens with new cabinets, counter tops, stainless steel appliances, renovated bathrooms, new flooring throughout, new back staircases on the rear of the building. Building had a new roof installed, new electric panels, new HVAC. Two units are currently rented, one for $1,200 and one for $1,150 with an application in process at $1,200.

Potential Rent Income with 3 units rented at $1,200 and 1 at $1150 is:
$4,750 Per month
$57,000 Annually
-6% Vacancy ($53,580)

Expenses
Taxes – $1,814
Insurance – $1,200
Sewer – $1,992
Water – $735
Maintenance & Repairs – $2,000
Service Contracts – $400
Total – $8,141

Potential net annual income of $45,439

Paying buyers agents 2.70%