GENERATIONAL TROPHY ASSET - Here is your chance to purchase a fully gut renovated 22 unit @ Forsyth/Lindell at the entrance to Clayton, University City & Washington University. Tenants/Owners can walk to campus, downtown Clayton, forest park, and tons of restaurants and retail. The building is a combination of studios, 1s and 2s; There are 4 Commercial bays on the first floor and private parking in the rear. The building has been fully gut renovated: Forced heat, central air, new windows, plumbing, piping, electric, kitchens, baths and W/D in each unit. The building is close to Washington University and Fontebonne and stays occupied year round. There is tons of upside on this one; property runs in place at a 5 cap and can easily be north of a 7% cap with little effort. Add some personal touches, or just cash your rent checks – this property provides consistent value for someone looking to live & invest in a Class A neighborhood.
Courtesy of St. Louis Apartment Experts
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