Explore the potential of this 4-family property, featuring 1-bedroom, 1-bathroom units. Here’s what makes this building stand out:
- Ideal Location: Nestled near Tower Grove Park, this property boasts a prime location in South City, offering a strong rental demand.
- Renovation Progress: Three of the four units have already seen updates or are in the process of renovation in 2022, along with updated HVAC systems. Recent improvements include a new roof installation, as well as the replacement of some doors and windows.
- Rental Income Potential: Currently, one unit is occupied at $650 per month, with the remaining three units vacant. With additional updates and work, there is potential to annualize $34,800 in rental income.
- 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.