Large 3 family is located in The Grove in close proximity to Forest Park, Barnes Jewish Medical Complex, Washington University School Of Medicine, St. Louis University, Cortex, University Of Health Science And Pharmacy In St. Louis, The Central West End, Botanical Gardens and Tower Grove Park. Built in 1889 this building consists of one 3 bedroom unit and two 2 bedroom units for a total of 7 bedrooms. Current rents are $3,035/mo or $36,420 annualized. There is the potential to add value and raise rents in the future - these units rented at market rates could yield $45,600 of gross rental income annually based on rent comparables. The average rent price in The Grove is $1,669 (provided by rent cafe). All units have been updated. Would be ideal for an investor or owner occupant. Can be purchased with nearby 3 family 4370 Swan or with 6 other total nearby multi families as part of a package. Inquire with the listing agent for more information.
1012 Plummer Drive Suite 301 Edwardsville, IL 62025 618-655-4100
Listed by Invest St. Louis, Jordan Schoen
Principal & Interest
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Listing information courtesy of: Invest St. Louis
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