Southwest Gardens Turn Key 4-Family

Renovated 4 family steps from Tower Grove Park. Building is 4,114 sq ft not including enclosed bonus rooms. Units are 1,000+ sq ft and feature central HVAC, hardwood floors, stained glass and newer vinyl windows, recently updated kitchens with high end kitchen cabinets, updated tile floors and countertops, dishwashers. There are original wood built in cabinets and a breakfast bar. Bathrooms are all completely updated with new shower surrounds, flooring, vanity, toilet, etc. Building has a recently replaced pitched roof, updated plumbing with PVC stacks, recently replaced siding on the bonus rooms. Furnaces, water heaters, condensers were replaced. Roof is approximately 4 years old. Backyard has privacy fence, patio. Rents are $1,000, $975, $975. If fully rented this building rents for $3,925 a month which is $47,100 annually with annual expenses at $8,007. If fully rented the annual net income would be $39,093 which would be a 7.3% cap rate. There were only 3 weeks of vacancy in 2020.