Large 3 family is located in The Grove in close proximity to Forest Park, Barnes Jewish Medical Complex, Washington University School Of Medicine, St. Louis University, Cortex, University Of Health Science And Pharmacy In St. Louis, The Central West End, Botanical Gardens and Tower Grove Park. Built in 1889, the building consists of one 3 bedroom unit and two 2 bedroom units for a total of 7 bedrooms. The 3 bedroom is located on the first level and the two bedroom units are upstairs. There is the potential to add value and raise rents in the future – these units rented at market rates could yield $61,392 of gross rental income annually based on average rent price of $1,658 for 2 beds and $1,798 for 3 bedrooms. Units have updated kitchens and baths, central air conditioning, updated plumbing and electric, hardwood floors and updated lighting. There is common laundry room. Would be ideal for an investor or owner-occupant where you could live in one unit. Seller is a licensee in Missouri.

Rare opportunity to purchase under-rented 10 and 8-unit multi-family buildings next door to each other in the Botanical Heights neighborhood. 18 total units across 3 buildings. 15 of 18 units are occupied, with current rents below market. 11 units have been updated with 1 in process which will be completed prior to closing. There is the potential to add value and raise rents significantly in the future both as-is and with additional updates. Updated apartments are now leasing for  $725, this would yield $13,050 of gross rental income a month, $156,600 annually based on all tenants as $725.  Rent comps for similar size apartments range from $750-$1,350 depending on amenities and updates. Located in close proximity to Forest Park, Washington University School Of Medicine, St. Louis University, University Of Health Science And Pharmacy In St. Louis, Botanical Gardens and Tower Grove Park. Addresses are 4156 Folsom (10 units) and 4164 Folsom 63110 (8 units). Price Reduced $100,000.

-Rare opportunity in an absolutely prime location across the street from the Botanical Gardens and one building down from Tower Grove Park. 

-This architecturally significant 12 unit building has a mix of 2 and 3 bed units. 

-Current owner has meticulous financials and is currently using 2 units as Airbnb’s with very consistent and strong performance. 

-This building maintains very high demand for both long and short term tenants. 

-Building is fully occupied with well below market rents. 

-6 of the 12 units have been recently updated and the other units were updated approximately 15 years ago. 

-Updated two bedroom apartments in the Shaw neighborhood range from $1,250 to $1445 and 3 beds range from $1,295-$1,800 depending on updates, size and amenities. 

-There have been lots of capex upgrades including HVAC, kitchen/bath finishes, appliances, lots of PVC plumbing, and mostly TPO covered roof.

-Building is professionally managed. 

-An inspection has already been completed and can be supplied with serious interest for a smooth transaction and no surprises.

Building is vacant. There are no signs/advertising. Building is sold AS IS. Provide proof of funds and/or pre-approval with offer. School districts to be verified by buyer. Building age and sq ft are estimates (tax records incomplete) and to be verified by buyer.

Massive duplex in desirable Shaw neighborhood. Walking distance to bars/restaurants, Tower Grove Park, & Botanical Gardens. Wonderful fit for owner-occupants looking to supplement their mortgage while living in a great area. 1st-floor unit 2 bed 1 full bath with large kitchen, living room, and foyer/entry area with closet. 2nd-floor unit 3 bed (one of which is small & over stairwell) 1 full bath. Central AC and heat. 1st-floor furnace and condenser replaced August of 2022 with warranty to be registered in new owner’s name (see supplements). PEX plumbing and PVC stacks. All electric. Clean dry basement with laundry hookups. Both units have interior access/stairs to basement. Newer concrete two-car parking pad. Sold AS-IS. Both units currently vacant & available to view. Market rate rent for similar finish/size units approximately $1,495-1,695 potentially covering entire mortgage payment. Property taxes are currently very low at $655/year.

Video walk-through on YouTube see link – https://youtu.be/ECkWyrelpcQ

Appointment-Lockbox, Appt. through MLS, Other Lock Box, Show at Will, Vacant