Fully rented all electric building generating $4,600 a month with low costs! Completely renovated 4 family with bonus apartment in the basement in the desirable 63139 zip code, a walk to The Hill. All units were recently updated and construction was completed in 2020 when the basement unit was added. Units feature modern kitchens with updated cabinets, stainless steel appliances, in-unit laundry for all units with appliances included, new flooring, lighting and fans. Bathrooms are updated throughout with new vanity's, toilets, flooring, shower systems. There are recently added mini-split heating and cooling for 3 of the units and the other 2 have HVAC. The electric panels, furnaces and water heaters were updated when renovated and there are PVC plumbing stacks. There is plenty of off street parking. The building is currently fully leased. Annual expenses $7,175 so if fully rented the building would generate an annual net operating income of $48,025 which is an 9 % cap rate.
Listing By Invest St. Louis
Data Last Updated 11:08AM - 10/17/2021
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