3 Townhomes in The Grove

Opportunity to purchase 3 connected townhomes 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. This historic building with tons of character was built in 1894. Total sq footage over 4,400 square feet with 3-bedroom 1.5 baths in each Townhome. Current rents are $4,835/mo or $58,020 annualized. There is the potential to add value and raise rents in the future. A 3-bedroom apartment on Gibson was recently rented for $2,100 which would be $75,600 if all units were rented for that amount, an 8.6% cap rate based on market rent. Leases through 5/31, 6/30, 7/31. All units have been updated. Would be ideal for an investor or owner-occupant.