Spectacular One-of-a-kind 6-family apartment building in the incredibly popular and high-end “Moorlands” part of Clayton. This building has so much going for it that it will be hard to describe it in this paragraph. Huge three-bedroom, two full bath units, several of which have a full-sized washer and dryer. Many, many updates! The roof is in great shape. All new windows and brand-new electric. Copper supply lines. Freshly tuck-pointed. Some of the units rents have achieved $2395 per month, and that is where they all should be by the next season turnover, maybe even higher. This is a Five Star Condo Grade Apartment building. Being offered at a true 5.7% Cap Rate on current rents with plenty of room for rental increases! Must provide proof of funds or pre-approval prior to the release of any financial information or scheduling of any showing.
Listed by Ted Wight, Dielmann Sotheby’s International Realty, 314-607-5555, [email protected]