|12,720 Square Feet||1924 Year Built|
EXTREMELY RARE - Massive, fully gut rehabbed 9 unit in the gated blocks of the central west end. LOCATION, LOCATION, LOCATION - Tenants and owners can walk for a drink at the chase, take a quick run in forest park, walk to BJC/Wash U med and hit up the best restaurants and nightlife in town. The building has the perfect unit mix: three studios, three 1 beds and three 2 bed/2 bath units. All units have been gutted to the studs: drywall, newer electric, forced heat/central air, fireplaces and much more. There is tons of upside on this one; property runs in place at a 7% cap rate and can easily be at north of a 10% cap with little effort - you wont find this deal anywhere else in the 63108. Add some personal touches, or just cash your rent checks – this property provides perfect value for someone looking to live & invest in a Class A neighborhood surrounded by Million dollar homes. Current management can lease the final unit (2bd/2ba) or we can leave it vacant for the next owners home.
|Elementary school: Adams Elem.|
|Middle school: Blewett Middle|
|High school: Beaumont Cte High School|
|Forced air heat|
|Natural gas heat|
|On street parking|
|Lot dimension is: 53*155|
|Subdivision: Dorris Place Add|
Lindell to Union. Head north on union and make a right on Washington place. End of the gated block on the right hand side. Keep in mind Washington place is a gated street and accessible on one side.