Do not miss this exciting opportunity to add rental units to your portfolio before year end. This renovated property features 6 truly turn-key 1 BR units that stay in demand & rented. 100% Occupied on market rate leases with gross monthly revenue of $4,544! Located in the Historic Carondelet neighborhood within walking distance to several desirable amenities: Upgraded YMCA Rec-Plex; Grocery & Retail Stores; Carondelet Park with lake, trails and playgrounds; Great Rivers Greenway; locally-owned restaurants like Perennial Artisan Ales; easy access to public transportation. The property underwent wholesale renovation roughly 13 years ago with updates to all major components (roof, plumbing, electrical, HVAC, kitchen, baths, etc.). Due to their updated finishes and desirable features (All electric units w/ in-unit W/D!) this building easily stays rented. At current financials the cap rate is exceeding 8%. This is a stable, cash-flowing investment that you’ll want to add to your portfolio! Some Accessible Features
Active
Listing Provided by:
Riahna Kastner 314-332-1044,
St. Louis Real Estate Society,
Matt Kastner 314-332-1036,
St. Louis Real Estate Society
$449,999
225 W Steins St, Saint Louis, MO 63111
1beds
1baths
4,217sqft
Est.:
Multi Family
Built in 1870
-- sqft lot
$-- Zestimate®
$107/sqft
$-- HOA
What's special
Updated finishes
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