This building has been demoed and now stands as a blank canvas ready for your vision. This unique opportunity holds tremendous potential for those looking to shape the future of this property. Here’s why this property is worth your attention:
- Ideal Location: The building is located in Dutchtown near St. Mary’s High School, just a short drive to Tower Grove Park, St. Louis University, and Downtown St. Louis.
- Creative Freedom: With the building cleared and prepared for redevelopment, you have the creative freedom to transform it according to your vision and investment strategy.
- Promising Upside: The property offers substantial upside potential, with nearby four-family properties fetching prices as high as $380,000. This demonstrates a strong market demand in the area.
- Rental Potential: In the vicinity, the average rent for 1-bedroom units is $720, with some 1-bedroom units renting for as much as $899. According to Rentometer, nearby one-bedroom apartments are currently renting for $675 to $850, depending on their level of updates.
- 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.