6516 Morganford Road, St Louis
MLS® # 23066707
Check out this attractive 4-family with 1-bed units (2 private, 2 walkthrough), loaded with updates! All units were extensively renovated in 2019 with kitchens, bathrooms, in-unit laundry, plumbing (pex water lines and mostly PVC stacks), some electric, some new windows, paint, floor refinishing, lighting fixtures, and appliances. Heating and cooling is via mini split; 3528 new in '22, the others new in '19. New silicone coating roof in '22. New sewer lateral to the street in Aug '23. Grocery stores, Civil Life Brewery, restaurants, and public transportation all nearby. Parking is on street or at rear of the lot. All tenants are up to date and reliable. Vacant unit was most recently rented for $900. Get them all to that level and watch your returns grow! See RPV for breakdown; with current rents and 900 for the vacancy, income = 3210 x 12 = 38,520 - operating expenses of 9698 = NOI of 28,822, making this a 7.2% cap at asking price.
Some Insulated Window(s), Some Microwave(s), Some Refrigerator(s), Some Range Oven(s), Some Shower Bath(s), Some Smoke Alarm(s), Washer/Dryer
Information from Third Parties, Deemed Reliable but Not Verified.
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