6919-21 Michigan – Turn-Key 4-Family

  • $449,900
6919 Michigan Ave, St. Louis, MO 63111, USA

Description

Note – This property must either be purchased along with 6927 Michigan as part of the 69XX Michigan Package or as part of the whole Carondelet 36-Unit Package

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 trails; locally-owned restaurants; and public transportation. The property underwent major renovations roughly 12 years ago with updates to major components (roof, plumbing, electrical, HVAC, kitchen, baths, etc.). All units are turn-key, 2 bed/ 1 bath apartments with eat-in kitchens, living room, in-unit laundry and fully electric systems. Due to their condition and amenities, these properties easily stay rented and 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.

Sub listings

Title Property Type Price Beds Baths Property Size Availability Date
6919 #1F Residential $885 / mo 2 1 993 Sqft
6919 #2F Residential $885 / mo 2 1 993 Sqft
6921 #1F Residential $885 / mo 2 1 1002 Sqft
6921 #2F Residential $910 / mo 2 1 1002 Sqft

Details

Updated on November 10, 2022 at 9:37 am
  • Price: $449,900
  • Property Size: 4664 Sqft
  • Land Area: 7000 Sqft
  • Bedrooms: 8
  • Bathrooms: 4
  • Year Built: 1904
  • Property Type: Multi-Family 2-4
  • Property Status: For Sale
  • Units: 4
  • Address 6919-6921 Michigan
  • City St. Louis
  • State/county Missouri, St. Louis City
  • Zip/Postal Code 63111
  • Area Carondelet

Contact Information

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Riahna Kastner

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Riahna Kastner
  • Riahna Kastner