Well-Maintained Four-Family in the Heart of Dogtown

Building is located at the corner of Tamm and West Park, just four blocks from Forest Park and the Saint Louis Zoo.

• These apartments are in good condition and feature four 2bed/2bath townhouse style units each with their own separate basement with washer/dryer hookup.
• Each unit has a dedicated off street parking spot and there is an additional vacant lot adjacent to the building that is included in the sale.
• Built in 1984, the building features updated electric and plumbing, central air, vinyl windows and there is a private back porch for each unit.
• The building is currently rented for $995, $995,$950 & $895 for a total of $3,835 a month and $46,020 annually.
• The lower rents are due to longer term tenants, with all units rented at $995 the building would generate $3,980 a month and $47,760 a year.
• This building is an ideal for an owner occupant who could potentially live in one unit and have the other units cover the mortgage and expenses.

2015 Expenses:

Maintenance: $560
Repairs: $3,485
Gas: $197
Electricity: $45
Sewer: $2,280
Water: $1,755.84
Insurance: $3,595
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Total Expenses: $11,917

2015 Net Income: $29,801

2016 Net Income  $34,103

(Based off of current rents and expenses)

Priced at a 7.9% Cap Rate

Asking $429,000

Paying buyer agents 2.7%