GENERATIONAL TROPHY ASSET - Here is your chance to purchase a fully gut renovated 22 unit @ Forsyth/Lindell at the entrance to Clayton, University City & Washington University. Tenants/Owners can walk to campus, downtown Clayton, forest park, and tons of restaurants and retail. The building is a combination of studios, 1s and 2s; There are 4 Commercial bays on the first floor and private parking in the rear. The building has been fully gut renovated: Forced heat, central air, new windows, plumbing, piping, electric, kitchens, baths and W/D in each unit. The building is close to Washington University and Fontebonne and stays occupied year round. There is tons of upside on this one; property runs in place at a 5 cap and can easily be north of a 7% cap with little effort. Add some personal touches, or just cash your rent checks – this property provides consistent value for someone looking to live & invest in a Class A neighborhood.
Courtesy of St. Louis Apartment Experts
Listings displaying the MARIS logo are courtesy of the participants of MO - Mid America Regional Information Systems (MARIS) Internet Data Exchange. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Deskin Davis & Co. shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2022 All rights reserved.