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2-4 Units, Apartment Style - University City, MO

Welcome to this spacious 4-family in University City within walking distance of Heman Park, the bustling Delmar Loop, and just 1.5 miles from Washington University! Each unit features two bedrooms, one bathroom, a living room with decorative fireplace, eat-in kitchen, hardwood floors, ceramic tile in the bathrooms, and lots of light. Existing rents are $760 (longtime tenant), $835, $845, and $895 resulting in a gross annual income of $40,020. Less annual operating expenses of $14,579 that's an NOI of $25,441 - a 7.59% cap at asking price. It's fully occupied so there are no showings without an accepted offer, but videos of the exterior and basement are available for your review. Improvements since acquisition in 2018: new architectural shingle roof, boots, and gutters; central air added to three units; two new electric panels; W/D hookups added in basement; some new appliances; three u...

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Worth Clark Realty

License #2016008170

Chesterfield, MO

(314) 518-4347

Tammy Derrigan

Worth Clark Realty
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Is this your property? Sell it faster with premium placement and targeted ads.