Renovated 8 family for sale located in St. Louis County approximately a 15 minute drive to the airport and 20 minutes to downtown St. Louis and Clayton. The property has 2 four-family ranch style buildings consisting of 4 two bed units, and 4 one bed units.
- The two bedroom units rent from $800-$850 a month and the one bedrooms rent for $700.
- Fully rented this building would generate over $6,000 a month. 7 of the 8 units are rented with the last unit being left vacant to show.
- Renovation of the buildings included updates to the units including kitchens with appliances, updated baths, flooring, water heaters, furnaces, condensers, windows, interior and exterior electric service, etc.
- Priced to sell at $50,000 per unit, there are numerous nearby comparable multi-family buildings that have sold in the last year for $60,000 per unit or more.
- Average rent for 15 one bedroom apartments within 2 miles in the last year is $869.
- Average rent for 15 two bedroom apartments within 2 miles in the last year is $944.
View the virtual tour here: https://my.matterport.com/show/?m=ojGcoxKa3F1