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Asset Snapshot
Upper Mid-Scale
Multifamily Subtype
1907
Year Built
2022
Year Renovated
2
Floor Count
0.19 Acres
Land Area
6 Units
Unit Count
0 SF
Average Unit Size
6,824 SF
Property Size
100%
Occupancy
Offering Summary
Investment Overview
Salient is pleased to present this opportunity to own a fully updated, 6-family in the heart of Tower Grove East. The property consists of 6, 2 bed/1 bath units with off-street parking and a fenced in backyard. Units have been completely updated throughout with high end finishes, new kitchens with new stainless steel appliances, in unit washer/dryer and central heating and cooling. Plumbing and electric have also been updated. Rents are below market with a proven concept of achieving over $1,500/mo with market rents being at $1,550/mo.Investment Highlights
- Freshly renovated building completed in 2022
- Updated electric/plumbing/HVAC
- Proven concept to bump rents to $1,515/mo
- Walkable to South Grand business district & Tower Grove Park
- Off-street parking
- All sizable 2 bed/1 bath units w/ in unit laundry
- Great Opportunity for Short Term Rentals w/ Proximity to SLU Medical
How it Works
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