4329 Gibson Avenue

Description

Amazing opportunity to purchase 3 connected townhomes 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. This historic building with tons of character was built in 1894. Total sq footage over 4,400 square feet with 3 bedroom 1.5 baths in each Townhome. Current rents are $4,835/mo or $58,020 annualized. There is the potential to add value and raise rents in the future - these units rented at market rates could yield $88,200 of gross rental income annually based on rent comparables. All tenants are month to month. All units have been updated. Would be ideal for an investor or owner occupant. Can be purchased with 6 other total nearby multi families as part of a package. Inquire with the listing agent for more information.