69XX Michigan Package – 2 Properties, 6 units

  • $619,800
6921 Michigan Ave, St. Louis, MO 63111, USA

Description

Note – These two properties are available as a small package as listed here, and are also available as part of a 9-building package. To see the other available properties, check out the whole Carondelet 36-Unit Package

Here is a wonderful opportunity to own 6 units! Located in the Historic Carondelet neighborhood and within walking distance to several desirable amenities: Recently 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 6 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.

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Details

Updated on October 28, 2022 at 3:10 pm
  • Price: $619,800
  • Property Size: 6588 Sqft
  • Bedrooms: Varied
  • Bathrooms: Varied
  • Property Type: Multi-Family 5+
  • Property Status: For Sale
  • Units: 6
  • City St. Louis
  • State/county St. Louis City
  • Area Carondelet

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Riahna Kastner

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Riahna Kastner
  • Riahna Kastner