Historic Two-Family on Chouteau in The Grove

Located across the street from the new Chroma apartments, within walking distance to the Cortex, Wash U School Of Medicine, Barnes Hospital and all of the restaurants on Manchester. This architecturally significant building built in 1895 has 3 bed 2 full bath units. The building underwent a full renovation including updated kitchens with lots of cabinet space and updated bathrooms, central air with HVAC replacement, updated PVC plumbing, updated electric, and second floor laundry. There is a fenced backyard with off street parking in the rear of the building with 4 parking spots. One unit is currently rented for $1,315 a month and one unit is vacant with projected rent at $1,600. This building would be ideal for an owner occupant or investor. Fully rented this building could gross $2,915 a month and $34,980 annually with expenses at $5,112 with a potential annual net income of $29,868. Similar size 3 bed 2 bath unit across the street rents for $3,000 a month. Can be purchased with 925 Sarah.

Paying buyers agents 2.5%