Gorgeous blonde brick beauty with 34 units! 15-studio, 9 1-bed, 9 2-bed. 1 unit in a separate resident manager building in the rear (needs rehab.) 29 units freshly remodeled including completely new kitchens and baths, new flooring, new paint, new light fixtures, new front and rear steel entry doors, approx 40 new windows, all new mini blinds. (avg $4200 per unit in rehab costs.) Brand new roof (complete tear off and 20+ year membrane), tuckpointing, hallways & stairways repainted, new mailboxes, many galvanized water lines and cast iron stacks replaced with copper & pvc. 90% occupancy. Rental income increased by 25% per unit over last 2 years. Renewal rates at 70%. 100% occupancy anticipated by end of year. 5 remaining units will be remodeled when current long term tenants move out. 1 unit vacant for showing. 2 years of hard work have created a highly desirable living space in the Bevo neighborhood and preserved a beautiful historic building. Take advantage of motivated sellers!
Bathrooms: 0.00
Square feet: 33,537
Price: $1,122,000
For more information about this property, please contact Patrice TenBroek at 314-951-1905 or patricetenbroek@remax.net. You can also text 3078114 to 67299.
See more listings at: www.HomeStLouis.com/ourstory
MLS ID: 15054247
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