This architecturally significant 18 unit apartment building in the historical DeBaliviere Place Neighborhood of the Central West End was built in 1928. Competitively priced, this is an excellent opportunity to currently earn a 6.22% return based on current rent roll with actual rents & 2017 operating expenses! This quality building consists of 12 2-bedroom units and 6 1-bedroom units with many of the units having updated kitchens & baths. Each large & well designed unit has individual central air, electric forced air heat, & water heaters. It has renovated common halls, coin-operated laundry facilities on each floor, gated parking with 22 assigned parking spaces & ample street parking. Because this building is part of the Debaliviere Place Association, residents of the building have access to the association's pool. This highly sought after property is steps from Forest Park & Metrolink continues to attract & maintain superior tenant quality & performs at a high occupancy level.
Listing courtesy of Berkshire Hathaway Advantage