Details for Listing #23049144

Property Details

GENERATIONAL TROPHY ASSET steps from downtown Clayton (1584ft from the Ritz Carlton), this 22 unit property at the corner of Forsyth/ Lindell has been fully renovated & updated throughout. Brand new kitchens with quartz or granite, tiled bathrooms, central heating/ cooling, IN-UNIT LAUNDRY, stainless steel appliances, new windows, electric, plumbing... this turn key property has already had all the hard work done & it looks beautiful. The rents have not been raised since the renovation was completed 5+ years ago... Once you raise rents to market rate, the proforma income is $400,000+ every year. This property is extremely popular among Washington University students- possibility of leasing by the bedroom for even more income. Tenants can walk to downtown Clayton, Napoli + endless other restaurants & shopping (great walkability). Increase NOI by charging for parking + charging for storage lockers in basement. Seller currently operates 4 units as a short-term-rental that perform well.

Year Built / Age: 1931
Listing Status: Active
Subdivision: West Forsyth Place

Listed by: The Agency

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