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.
-Wholesale 4500 sq. ft. single family with 6 beds and 2 baths.
-Great single family rehab potential, two homes on the same street have recently sold for $257k, $265K.
-This could be easily converted to a two family or three family with one unit on each floor, the third floor is approximately 1000 sq ft with high ceilings.
-Two blocks from Delmar and the new trolley line, walking distance to Forest Park.
-There is new construction being built across the street.
Recent Comparables:
5889 Clemens Pl. – 4B/4B – 3040 Sq. Ft – $257,000
5948 Clemens Pl. – 5B/4B – 2808 Sq. Ft – $265,000
Asking Price $39,900
Paying buyers agents 2.7%
Can be purchased individually, or as a package with 5858 Cates Ave., and 5572 Clemens Pl. – See individual postings for information on these properties.
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