3320 Greenwood Blvd, Saint Louis, Missouri, United States

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Home For Sale

$985,000

3320 Greenwood Blvd
Saint Louis, Missouri, United States

Listed By: Realtyww Info

Listed On: 06/21/2023

Listing ID: GL9956262 View More Details

Description

This 12 unit apartment building in Maplewood is the investment opportunity you've been looking for! The value-add concept was already proven with unit #9 that was renovated then instantly rented for $930/m. The building currently brings in $8, 435/m and if all of the units were kept as-is and brought to market rent ($785/m) then the building would bring in at least $9, 565. If you fully renovate the remaining 11 units, you should bring in at least $11, 160/m or $133, 920 annually. Fully renovating all of the units would be a breeze as all of the 1b1b units are the same floorplan so you can just rinse and repeat. There are 12 parking spaces so your tenants will love the 1-1 parking (also possible additional income in the future if you charge). The 2022 expenses were $35, 387. The all brick exterior and slab foundation will keep major repair expenses low. Maplewood is extremely popular among Washington University students and professionals that want to live in the county but be close to the city.

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Listed by: The Agency