Located in one of Richmond Heights’ most desirable neighborhoods, adjacent to Clayton and Ladue, this charming 1940 two-story 4-family is a rare investment opportunity. The building offers two 2-bedroom units and two 1-bedroom unitswith hardwood floors, plaster walls, and ceilings. All units have central air and gas forced-air heating. A flat roof was installed in 2020, giving future owners a solid start on improvements. Projected market rents after renovation are $1,100–$1,400 for the 1BRs and $1,400–$1,600 for the 2BRs, offering strong cash flow potential. The property sits near a creek and requires flood insurance (has never flooded). Sale is offered strictly As-Is through a Probate Estate. An excellent value-add opportunity for investors or owner-occupants in a prime St. Louis location.
Listing courtesy of Lauralei Properties, LLC. Selling Office: ReeceNichols Real Estate.
Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange. Information From Third Parties, Deemed Reliable But Not Verified