This value-add 4-family near Tower Grove Park is a great opportunity waiting for the right investor. Here’s why this property stands out:
- Ideal Location: Located near Tower Grove Park, this property boasts a prime location in South City, offering a strong rental demand.
- Recent Renovations: One vacant unit has already undergone renovation, and the HVAC systems were updated, while the roof was partially replaced where needed in 2022.
- Rental Income: Presently, three units are tenant-occupied, generating monthly rents of $725, $465, and $465. With further updates and improvements, there’s the potential to annualize $34,800 in rental income, maximizing your return on investment.
- Package Deal Opportunity: This property can be purchased individually or as part of a larger portfolio of other four-family properties in South City. Inquire for additional information on portfolio options.
- Sold As-Is: The property will be sold as-is, allowing you to make renovation decisions that align with your investment strategy.