6927 Michigan – Turn-Key Duplex

  • $169,900
6927 Michigan Ave, St. Louis, MO 63111, USA

Description

Note – This property must either be purchased along with 6919-21 Michigan as part of the 69XX Michigan Package or as ps 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
6927 #1F Residential $770 / mo 1 1 825 Sqft
6927 #2F Residential $785 / mo 1 1 810 Sqft

Details

Updated on October 28, 2022 at 3:19 pm
  • Price: $169,900
  • Property Size: 1924 Sqft
  • Land Area: 3514 Sqft
  • Bedrooms: 2
  • Bathrooms: 2
  • Year Built: 1883
  • Property Type: Multi-Family 2-4
  • Property Status: For Sale
  • Units: 2
  • Address 6927 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