3708 Bates St Louis, MO 63116

This 4 family is ideal for a smart owner occupant looking to have their living expenses completely offset by 3 tenants or for the savvy landlord looking to add to their real estate portfolio. Three of the units have very long term tenants in place at below market rents. One bottom unit is newly vacant and ready for showings. Rents range from $415-$475 but average market rents in this area with A/C are closer to $550. These 1 bedroom units are nicely sized with charming stained glass windows, large eat-in kitchens and wood floors. The entire building has forced air conditioning and heat. The majority of the windows have been updated along with 3 updated electric panels and some updated plumbing. Laundry hookups for all 4 tenants in the basement. Off-street parking for 4 cars. Ideal location near public transportation, Highway 55 and Carondelet Park. Great cash flow on this building with low expenses.