Average square foot calculated using Size range provided by listing agent.
Description
Renovation Opportunity – Richmond Heights 4-Family Located in one of Richmond Heights’ most desirable neighborhoods, adjacent to Clayton and Ladue, this charming 1940 two-story 4-family is a rare investment opportunity. The building offers two 2-bedroom units and two 1-bedroom unitswith hardwood floors, plaster walls, and ceilings. Three units are vacant and ready for renovation; one tenant remains on a month-to-month lease, providing immediate income. All units have central air and gas forced-air heating, though updating is needed. A new flat roof was installed in 2020, giving future owners a solid start on improvements. Projected market rents after renovation are $1, 100–$1, 400 for the 1BRs and $1, 400–$1, 600 for the 2BRs, offering strong cash flow potential. The property sits near a creek and requires flood insurance (has never flooded). Sale is offered strictly As-Is through a Probate Estate. An excellent value-add opportunity for investors or owner-occupants in a prime St. Louis location.Show Description
MLS® Number25058053
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1940
Stories
Pets
Corp Number
Included in Maintenance Fee
Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance
Utilities
HeatForced Air
A/CCentral Air, Electric, Gas
Heating Fuel
Extras
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