This spacious 4-family is located just a couple of blocks west of South Grand in the Tower Grove South neighborhood. It needs a few upgrades to reach its full potential, but with a little bit of work, the returns will be outstanding. Our estimate to get all units in rent ready condition is $17,500. Obviously that number will vary on exact finishes or if you do the work yourself. You don't find opportunities like this in Tower Grove South very often. Two of four units currently under-rented: 3545 at $425 until 4/30/16; 3547A at $400 until 10/31/15. With a little cleanup, expecting $450 for first floor units and $495 for second floor. The two occupied units could also be raised to match these rents when the next come up for lease.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
