Description
GREAT STABILIZED ASSET W/ LIGHT VALUE-ADD OPPORTUNITY, 6.8% CAP RATE - 16 UNITS, 2 BUILDINGS IN THE PRINCETON HEIGHTS NEIGHBORHOOD OF ST. LOUIS, MO! This garden-style property features 14 one bedroom one baths and 2 two bedroom one bath apartments. Unit upgrades have recently been completed to all units including new hardwood flooring, kitchen/bathroom remodeling and fresh paint. Each building contains a basement with coin-operated laundry and storage units for tenants. The property is located at a highly-visible South City intersection surrounded by a vibrant business district brimming with local shops, eateries, cafes, restaurants, parks, and more. Perfect for self-managed local investor. The property has had consistent high occupancy with impressive rent growth.
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0BEDS
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0.27ACRES
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0BATHS
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01/2 BATHS
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9,675SQFT
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$130$/SQFT
School Information
Description
GREAT STABILIZED ASSET W/ LIGHT VALUE-ADD OPPORTUNITY, 6.8% CAP RATE - 16 UNITS, 2 BUILDINGS IN THE PRINCETON HEIGHTS NEIGHBORHOOD OF ST. LOUIS, MO! This garden-style property features 14 one bedroom one baths and 2 two bedroom one bath apartments. Unit upgrades have recently been completed to all units including new hardwood flooring, kitchen/bathroom remodeling and fresh paint. Each building contains a basement with coin-operated laundry and storage units for tenants. The property is located at a highly-visible South City intersection surrounded by a vibrant business district brimming with local shops, eateries, cafes, restaurants, parks, and more. Perfect for self-managed local investor. The property has had consistent high occupancy with impressive rent growth.
Listing information © 2023 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2023-12-09T23:39:19.11.
Keller Williams Success Realty: 815-444-6790
Listing provided courtesy of Cbre Inc.: 6556000. Listing information © 2023 Mid America Regional Information Systems, Inc.