Rare opportunity to invest in a 4-unit property in the highly desirable Little Flower neighborhood of Richmond Heights. Located a stone's throw from Downtown Clayton, Washington University, the Barnes Jewish Hospital Complex, and great access to regional highways, the location can't be beat -- incredible tenant draw! Offered at a pro forma 7.27% Cap Rate, with easy value-add to bring even higher returns. With simple cosmetic updates, all of these 1-bed units command $1595 market rents - adding laundry in-unit could raise to $1795/mo, ready with a perfect location off the kitchen. In great condition with some recent updates, the property has Central AC & Forced Air heat, updated plumbing and electrical panels, vinyl windows throughout, excellent masonry & tuckpointing, 4 spots of off-street parking. 1030 Commodore should prove to be a low-maintenance, easy-to-manage investment for years to come -- won't last long, call today!
Listed By
Agency Name: Evan Kuhn, Broker
Shown By
Agent Name: Brittney Harris
Agent Phone:
Agency Title: RedKey Realty Leaders
Estimated Payment
$ 4,949.03 per month $4,080.66 Principal & Interest $649.92 Property Tax $218.46 Homeowner's Insurance
1030 Commodore Drive | MLS# 26032432
This multi-family property located at 1030 Commodore Drive , Richmond Heights, MO 63117 is currently listed for sale with an asking price of $749,000. Commodore Drive is located within the Maplewood-Richmond Heights school district. Search Richmond Heights real estate on www.brittneyharrisliving.com today.