Beds: 3Baths: 2Sqft: 1196
Single Family
Note – This property has been listed as part of a 9-building package and can only be purchased that way. The listing price includes the entire Carondelet 36-Unit Package
Up for sale is the investment opportunity you’ve been seeking: turn-key (truly), attractive ROI, and good property management. There are 9 buildings in this 36-unit package deal which is a mix of multi-family properties, some of which are mixed-use. All are located within a ¼ mile radius of one another in the Carondelet neighborhood and all underwent major renovations about 12 years ago (roof, plumbing, electrical, kitchens, baths, etc.). Due to their condition, amenities, and layouts, these properties easily stay rented.
With current income and expenses, this portfolio offers a nice return on investment. The good news is that current rents are averaging around 5% below market rate creating an opportunity for additional income generation (and this is being conservative so perhaps there is more wiggle room if you want to test the waters). Investment opportunities like this seem to be rare in the current market. If you’ve been looking… this is the one! Don’t miss it.
| Title | Property Type | Price | Beds | Baths | Property Size | Availability Date |
|---|---|---|---|---|---|---|
|
6919 #1F |
Residential | $887 / mo | 2 | 1 | 993 Sqft | |
|
6921 #1F |
Residential | $870 / mo | 2 | 1 | 1002 Sqft | |
|
6921 #2F |
Residential | $870 / mo | 2 | 1 | 1002 Sqft | |
|
6919 #2F |
Residential | $885 / mo | 2 | 1 | 993 Sqft |
Updated on August 3, 2022 at 9:27 am
36-Unit Package – 6919-21 Michigan - 6919 Michigan Ave, St. Louis, MO 63111, USA
