Property Description

Located in the desirable Botanical Heights & rapidly appreciating Forest Park Southeast submarket, this well maintained 100% OCCUPIED quadruplex is a perfect investment opportunity to add to your real estate portfolio. This property is tax abated until 2029. Big ticket items like electric panels & PVC plumbing have all been recently replaced within the last 6-8 years. With 3 rents slightly below market value, this building has the potential of an over 8.5% CAP RATE when increased. Each unit is approximately 630sf with a spacious living room, kitchen, 1 bathroom, 1 bedroom & private in-unit laundry. One unit is fully finished and operating as an Air BNB and leased through November and offering over $1800 in rent a month! The basement offers additional storage space. There is private off-street rear tenant parking for 4 vehicles. This unbeatable neighborhood nestled between Shaw & The Grove offers a quick walk to many great restaurants & the Missouri Botanical Gardens. You'll love nearby Tower Grove Park where you can enjoy farmer's markets, food trucks, festivals & amazing green space. Walking distance to WashU Medical Campus. Don't miss the opportunity to own this MUST SEE building!

Property Features

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