3650 Neosho St Louis, MO 63116

Attention investors looking for immediate cashflow, with a 9.49% cap rate based on as-is market rents of $525, PLUS loads of upside to increase rents further through unit updates! Priced to sell at under $170k! Building would benefit from some systems updates and cosmetic updates, and priced accordingly. Fully rented, below market rents, all tenants on MTM leases so rent improvements can be quickly implemented. Pitched shingle roof replaced in 2005 with 25 year warranty, New soffit, fascia, gutters/downspouts in 2013, chimney tuckpointing/flashing in 2019, all 13 front windows replaced in 2021. Units are 1 bedroom with 3 large closets (2 are walk-in), hardwood floors, original trim, stained glass, spacious room sizes. Poured concrete foundation. Large shaded back yard and no neighbors across the street! block is a mix of 4 family, 2 family and single family homes. No bid deadline to frustrate your buyers on this one - just bring your qualified buyers, show it and sell it!!!