1210 S Newstead Ave, Saint Louis, MO 63110

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, the building consists of one 3 bedroom unit and two 2 bedroom units for a total of 7 bedrooms. The 3 bedroom is located on the first level and the two bedroom units are upstairs. There is the potential to add value and raise rents in the future - these units rented at market rates could yield $61,392 of gross rental income annually based on average rent price of $1,658 for 2 beds and $1,798 for 3 bedrooms. Units have updated kitchens and baths, central air conditioning, updated plumbing and electric, hardwood floors and updated lighting. There is common laundry room. Would be ideal for an investor or owner-occupant where you could live in one unit. Seller is a licensee in Missouri.