1210 S Newstead Ave, Saint Louis, Missouri, United States

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Home For Sale

$485,000

1210 S Newstead Ave
Saint Louis, Missouri, United States

7bd 3ba

Listed By: Realtyww Info

Listed On: 06/21/2023

Listing ID: GL9940530 View More Details

Description

Large 3 family is located in The Grove in close proximity to Forest Park, Barnes Jewish Medical Complex, Washington University School Of Medicine, St. Louis University, Cortex, University Of Health Science And Pharmacy In St. Louis, The Central West End, Botanical Gardens and Tower Grove Park. Built in 1889, the building consists of one 3 bedroom unit and two 2 bedroom units for a total of 7 bedrooms. The three bedroom is located on the first level and the two bedroom units are upstairs. There is the potential to add value and raise rents in the future - these units rented at market rates could yield $45, 600 of gross rental income annually based on rent comparables. The average rent price in The Grove is $1, 669 (provided by rent cafe). Units have updated kitchens and baths, central air conditioning, updated plumbing and electric, hardwood floors and updated lighting. There is common laundry room. Would be ideal for an investor or owner-occupant where you could live in one unit.

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Listed by: Invest St. Louis