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Buy&Hold (Multifamily): (16 Unit) 6265 Gravois Ave. St. Louis, MO 63116 - Deal Available

Multifamily Investment Opportunity







Price

$1,830,000


Great opportunity to acquire Gravois Hills (“the Property”), a 16 unit, garden-style apartment community in the Princeton Heights neighborhood of St. Louis, Missouri. Unit upgrades have recently been completed to all units including kitchen/bathroom remodeling and fresh paint. These upgrades provide immediate value-add opportunity through rent increases and utility charge-backs. Each building contains a basement with coin-operated laundry and storage units for tenants. The property is located at a highly-visible South City intersection surrounded by a vibrant business district brimming with local shops, eateries, cafes, restaurants, parks, and more. Value add is achieved by increasing all units to a market rent premium of $19,944 in one year. Please submit all offers to sarter@promiselandrealtyllc.com

ADDITIONAL INFO AVAILABLE UPON REQUEST






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"Your #1 Source for Off Market Investment Properties, NATIONWIDE"





PROMISE LAND REALTY, LLC

Work: 864-762-2509

sarter@promiselandrealtyllc.com

www.promiselandrealtyllc.com


All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. *Realtors add your fee on top*

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