Apartment Style

Investors and house hackers, check out this rehabbed duplex - bright and airy units in the heart of Benton Park West, steps from both Cherokee Street and South Grand. Soaring ceilings, exposed brick in open-concept living area with In-Unit Laundry for easy living. ALL the heavy lifting was done in 2019, with TPO roof, large "garage-port", new HVAC / electric / plumbing / water heaters, and PVC stacks. The updated kitchens feature granite countertops and stainless appliances (dishwasher, microwave, range, fridge). The 1F unit has 2-beds, 1-bath, in-unit laundry hookups (machines owned by tenant), rented for $950 month-to-month. The 2F unit has 2-beds, 2-baths (with an en suite master bedroom), and in-unit laundry (machines provided for tenant use), recently vacated; tenant was paying $1,375.  It's just 2 blocks to Cherokee Street for tacos, coffee, or music and dancing, and a short bike ride to Tower Grove Park, South Grand, Benton Park, or Soulard. Major highways are close by, making for an easy commute. 1F is occupied and can be shown with an accepted offer, but 2F, basement and exterior can be viewed with an appointment. Rentometer indicates an average of $1223 for a 2/1 and $1499 for a 2/2. With existing rents of $950 and most recent rent of $1375 the gross annual income is $27,900. Less annual operating expenses of $7601, the NOI is $20,299, making this an 8.63% cap rate at asking price. Ask your agent for financials, and make this the next addition to your portfolio!

Investors and house hackers, check out this rehabbed duplex - bright and airy units in the heart of Benton Park West, steps from both Cherokee Street and South Grand. Soaring ceilings, exposed brick in open-concept living area with In-Unit Laundry for easy living. ALL the heavy lifting was done in 2019, with TPO roof, large "garage-port", new HVAC / electric / plumbing / water heaters, and PVC stacks. The updated kitchens feature granite countertops and stainless appliances (dishwasher, microwave, range, fridge). The 1F unit has 2-beds, 1-bath, in-unit laundry hookups (machines owned by tenant), rented for $950 month-to-month. The 2F unit has 2-beds, 2-baths (with an en suite master bedroom), and in-unit laundry (machines provided for tenant use), recently vacated; tenant was paying $1,375.  It's just 2 blocks to Cherokee Street for tacos, coffee, or music and dancing, and a short bike ride to Tower Grove Park, South Grand, Benton Park, or Soulard. Major highways are close by, making for an easy commute. 1F is occupied and can be shown with an accepted offer, but 2F, basement and exterior can be viewed with an appointment. Rentometer indicates an average of $1223 for a 2/1 and $1499 for a 2/2. With existing rents of $950 and most recent rent of $1375 the gross annual income is $27,900. Less annual operating expenses of $7601, the NOI is $20,299, making this an 8.63% cap rate at asking price. Ask your agent for financials, and make this the next addition to your portfolio!