Beautifully maintained 10 family building in St. Louis Hills/South Hampton area. 8 1BR units feature hardwood floors, large rooms, and are all currently rented below market value at $600-$625/month. 2 commercial/residential studio units on the Murdoch Avenue side can be rented either way. One is currently rented as a hair salon for $600/month and the other is set up as a residential studio unit and is currently vacant. Building features terrazzo hallways and stairs, updated electric and plumbing, new boiler, and large storage units in full basement. There is a 4 car tuck-under garage that is currently used for storage but could be rented for an additional $400/month and a lucrative coin-operated laundry that generates around $250/month. Building currently operates at a 7% CAP RATE but could be closer to a 10% CAP RATE with modest increases in rent and savvy management.
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