24 Units In Maplewood

Two 12 unit side by side buildings for a total of 24 units located in the heart of Maplewood within walking distance to all of the restaurants and shops on Manchester. Close to Washington University, Webster University, Downtown Clayton, highway 40 and 44 and the metro link. These buildings were completely renovated 8 years ago and have updated 1 bedroom and studio apartments that range from 525-625 sq ft. Rents range from $550 to $685 and there is the potential to raise rents on the apartments as is. Apartments feature new bathrooms, updated kitchens with updated cabinets and some with granite counter tops, there are walk in closets, new plumbing and electrical, beautiful refinished hardwood floors, ceiling fans, all electric except for gas stove. Windows are in the process of being completely replaced throughout both buildings, there are storage lockers, on site laundry. There are 3 public parking lots close to the building. The building grosses $14,865 a month and $178,380 annually with expenses of $54,788 creating a net income of $123,592. The apartments are almost always full and are easy to rent. Buildings are deeded as one property.