Priced at only $99,900, this 4-Family building is priced to sell. Current Tax assessed value = $109,000 The ARV is $150,000+ 7700-7706 Nacomis Drive, St. Louis, MO 63121. This brick, 4-family building is just 1 block from the UMSL campus. Great Location and Great Price! Easy to rent to students! The second floor has Two 2-bedroom apartments. Both of these apartments have central A/C and central heat with laundry hook-ups in the basement. The first floor has two 1-bedroom apartments with window air conditioners. All units have full kitchens and parking spaces. All appliances are provided. Tile floors. 3 units are currently rented. These units are currently rented for $420, $380, and $360. The roof and driveway are just 3 years old. There's plenty of opportunity for a rent raise. Rent-O-Meter says rents should be $750 for the 2-bedrooms and $600 for the 1-bedrooms. owner/agent With market rents of $750 and $600, this will produce a gross rental income of over $32,000/year Very nice returns!
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