Located in the West End “East Loop” Renewal Area, this property is right off of Delmar Blvd. and near the planned Loop Trolley route and Metro Link routes, with easy access to Forest Park and the Central West End. There is also the potential for a 10 year tax abatement and historic tax credits available for renovations on the building. This up and coming neighborhood has lots of renovation and new construction happening nearby.
-This is a pre-mls property
-6000 square foot 3 family with unique 2000 sq ft units with great curb appeal.
-Units feature 3 bedrooms, 2 baths and have in unit laundry.
-Large separate living room and dining room.
-Off Street covered parking for each unit.
-Fully rented at $900 market rent the building would bring in $2,700 a month and $32,400 annually.
-The tenants own all of the appliances in the building so the seller is not responsible for any repairs on appliances.
-Second floor unit has been left vacant to show.
-Owner occupant opportunity, live in one unit and have the tenants pay the rent.
Rents Current Market
1st floor $600 $900
2nd floor vacant $900
3rd floor $600 $900
Asking Price $150,000
Paying buyers agents 2.7%
Can be purchased individually, or as a package with 5572 and 5539 Clemens Pl. – See individual postings for information on these properties.
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