3623 Virginia AVE St Louis, MO 63118

Investors, this solid 4-family building has the heavy lifting completed but there's room to add value by upgrading finishes and raising rent. Units feature LR w/decorative fireplace, large kitchen, bath, & private bedroom. 2019 renovations included moving kitchens to the middle, making a private bedroom in the back; kitchen cabinets, stainless steel appliances, in-unit laundry, and some new vanities & mirrors completed the work in the units. Also new in 2019: some furnaces & water heaters, roof on main building, some exterior work. Window AC, updated electric panels. Rentometer shows average rent of $789. Did you see the 4-car garage? Previously rented for $150, it could easily go for more to a hobbyist. Current rents + pro forma $750 for the vacancy = annual income of 30,660, less 2023 expenses of 11,403 = NOI of 19,257, an 8.75% cap at asking price. Increase rents and add garage tenant for even better results. Buyer to verify all building information for themselves. Sale is as-is.