5331 Patton Ave, Saint Louis, MO 63112

This three family has 3 townhouses with 2-3 bedrooms, one and a half bathrooms in each unit. Patton is a one block long street with a cul de sac. The building was rehabbed about 20 years ago with new plumbing, electrical, and windows. The rents are low because of rent restrictions related to the rehab and financing. Many restrictions will be removed at the sale. The remaining restriction limits existing tenants to a 7% rent increase per year for five years, then no restrictions. The currently vacant unit will not have any restrictions for a new tenant. Also, existing tenants cannot be evicted except for good cause (no payment, lease violations, etc.) Occupied apartments only shown with an accepted contract.