Property Description

Exceptional multifamily investment opportunity in one of St. Louis' evolving neighborhoods! Ideally located near Forest Park, Washington University's North Campus, and the Delmar Loop, this 7,500 sq. ft. property is surrounded by newer residential construction and significant neighborhood redevelopment, including the Delmar Divine project. Featuring spacious 3-bedroom, 1-bath units averaging 1,200 sq. ft. each, the building offers desirable floor plans with strong rental appeal.Extensively renovated between 2016 and 2018, the property features 100% keyless entry, a granulated modified bitumen roof installed in 2023, and individual washer/dryer hookups in the basement. These substantial improvements provide investors with an updated asset while potentially reducing near-term capital expenditures.With a proven history of steady rental increases, proximity to major employment and education centers, and continued investment throughout the surrounding area, this property offers an attractive combination of established rental income, future rent-growth potential, and long-term appreciation opportunities. An excellent addition to any investment portfolio!

Property Features

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