225-29 E. Steins – Turn-Key 6-Family

Here is the next great investment for your rental portfolio – 6 turn-key units that are easy to rent! Located in the Historic Carondelet neighborhood and within walking distance to several desirable amenities: Upgraded YMCA Rec-Plex; Grocery & Retail Stores; Carondelet Park with lake, trails and playgrounds; Great Rivers Greenway trail system; locally-owned restaurants like Perennial Artisan Ales; easy access to public transportation. The property underwent major renovations roughly 12 years ago with updates to all major components (roof, plumbing, electrical, HVAC, kitchen, baths, etc.). Due to their great condition and convenient amenities, these properties easily stay rented. At current financials, these buildings offer a nice return on investment. The good news is that current rents are conservatively averaging around 5% below market, creating an additional income opportunity for the future owner. This is a stable, cash-flowing investment that you’ll want to add to your portfolio!