-Building is located at the corner of Tamm and West Park, just four blocks from Forest Park and the Saint Louis Zoo.
-These apartments are in good condition and feature four 2bed/2bath townhouse style units each with their own separate basement with washer/dryer hookup.
-Each unit has a dedicated off street parking spot and there is an additional vacant lot adjacent to the building that is included in the sale.
-Built in 1984, the building features updated electric and plumbing, central air, vinyl windows and there is a private back porch for each unit.
-The building is currently rented for $995, $995,$950 & $895 for a total of $3,835 a month and $46,020 annually.
-The lower rents are due to longer term tenants, with all units rented at $995 the building would generate $3,980 a month and $47,760 a year.
-This building is an ideal for an owner occupant who could potentially live in one unit and have the other units cover the mortgage and expenses.
Total Expenses: $11,917
2015 Net Income: $29,801
2016 Net Income $34,103
(Based off of current rents and expenses)
Priced at a 7.9% Cap Rate
Paying buyer agents 2.7%
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