This 4-family brick property, featuring all 1-bedroom units and encompassing 3,400 square feet, is a goldmine of opportunity. Here’s why this property stands out:
- Ideal Location: Located just south of the Tower Grove South neighborhood, the property is about 1 mile from Tower Grove Park and near the Botanical Gardens, St. Louis University Hospital, and St. Louis University Medical School.
- Blank Canvas: All units are currently vacant, offering a blank canvas for immediate updates, making it an ideal investment opportunity for those seeking a value-add investment property.
- Rental Potential: With updates, similar units nearby are renting for $725 per month, which can be annualized to $34,800. This presents great potential for rental income.
- Comparable Sales: Recent sales of neighboring 4-family properties have reached $375,000 and $435,000, showcasing the promising market potential in the area.
- 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.