Four 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 1922 with total sq footage of over 3,000 building consists of 4 one bedroom apartments. Current rents are $3,680/mo or $44,160 annualized. There is the potential to add value and raise rents in the future - these units rented at market rates could yield $60,000 of gross rental income annually based on rent comparables. All tenants are month to month. 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 4 family at 4215 Swan or with 6 other total nearby multi families as part of a package. Inquire with the listing agent for more information.
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