20 unit building built in 1928 is located about 1 mile from St. Louis University, the Fox Theater, Grand Center and there are a number of new developments nearby. Building is 15,687 sq ft and is operated as a weekly or monthly rental fully furnished with utilities provided. The income in 2017 was $163,730 with expenses of $87,519 with a net income of $76,211, a 22.75% cap rate. Building is priced under $20,000 per unit. There are individual furnaces in each unit. The furniture in the units are included in the sale. There is a lot directly to the west of the building that could also be purchased separately for a parking lot.
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Listing Courtesy ofInvest St. Louis