Property Description

Check out this rehabbed duplex in Benton Park West, near Tower Grove Park and Cherokee Street! ALL the heavy lifting was done in 2019, with TPO roof, large garageport, new HVAC / electric / plumbing / water heaters, and PVC stacks. The kitchens feature granite countertops and stainless appliances (dishwasher, microwave, range, fridge). The 1F unit has 2-beds, 1-bath, in-unit laundry (machines owned by tenant). The 2F unit has 2-beds, 2-baths (one en suite), and in-unit laundry (machines provided for tenant use). 2F is moving at the end of July, move in or place your own fabulous tenant. It's just 2 blocks to Cherokee Street for tacos, coffee, or music and dancing, and a short bike ride to Tower Grove Park, South Grand, Benton Park, or Soulard. Major highways are close by, making for an easy commute. Units are fully occupied and can be shown with an accepted offer, but basement and exterior can be viewed with an appointment. Photos are from before current tenants moved in. Rentometer indicates an average of $1223 for a 2/1 and $1499 for a 2/2. With existing rents at $950 and $1375 the gross annual income is $27,900 less annual operating expenses of $7601, the NOI is $20.299, making this an 8.45% cap rate at asking price. Ask your agent for financials, and make this the next addition to your portfolio!

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