1942 Clara Avenue

St. Louis MO 63112

3556 sq. ft.

5641.02 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

Motivated Seller!! Back on market at no fault to seller. Don't miss this fully occupied, cash-flowing opportunity in the historic Wells-Goodfellow neighborhood. This one offers an 11% cap rate and a 21% return. Previously a four family, this has been converted to two townhouse style units each containing three bedrooms and two bathrooms. Each unit's main floor contains a living room, dining room, large eat-in kitchen, and a half bath. Upstairs you'll find three additional bedrooms and a full bath. Both tenants are long term and are on annual leases, providing an investor peace of mind. This building brings in $1,500 per month with long term paying tenants- so you're doing much better than the "1% rule". While this one delivers a great return as-is, there is plenty of upside to upgrade the units and get significantly higher rent. Priced to move, so bring us your offer! Showings only with an accepted contract so tenants aren't disturbed. Potential to package with 5892 Highland Ave- another duplex just blocks away. Make an offer for both! Owner is a licensed agent (not listing agent).

Features

3556 sq. ft. floor area

5641.02 sq. ft. lot size

Multi-Family

Happy sellers in St. Louis

We have insufficient information to provide an overview of customer satisfaction for St. Louis. Viewing the agent profiles, reviews and sales for St. Louis can provide insights for this location.