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36-Unit Package – 7024-28 Pennsylvania

7024-28 Pennsylvania Ave, St. Louis, MO 63111, USA
$3,750,000

Description

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.

Detail

Updated on August 3, 2022 at 9:27 am

  • Price: $3,750,000
  • Property Size: 10802 Sqft
  • Land Area: 10341 Sqft
  • Bedrooms: 15
  • Bathrooms: 8
  • Year Built: 1899
  • Property Type: Multi-Family 5+
  • Property Status: For Sale
  • Units: 8
  • Address: 7024-7028 Pennsylvania
  • City: St. Louis
  • State/county: Missouri, St. Louis City
  • Zip/Postal Code: 63111
  • Neighborhood: Carondelet
  • Country: United States

Contact info

Riahna Kastner
Riahna Kastner
314.266.6853
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