Opportunity to purchase a 20 unit apartment complex in south city, close to Cherokee Street, Tower Grove Park, and Benton Park.
Complex features two buildings with a mix of 16 one bedroom units, and 4 two bedroom units. Two bedroom units are now renting for $725, and one bedrooms for $625. 18 of the 20 units are currently rented with the 2 vacant units in the process of being turned over. Units feature central air conditioning, hardwood floors, some units have updated cabinets. Complex features off street parking in the rear, and storage units in the basements for tenants. Located on a convenient bus line. Rents have been raised considerably recently with renovations to apartments and there is the ability to raise rents in the future. Solid brick buildings built in 1964 with pitched roofs. A majority of the units have recently been turned over and renovated. Many new furnaces and 18 units have central air along with numerous additional upgrades to the complex.
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