Investment Overview

GENERATIONAL TROPHY ASSET steps from downtown Clayton (1584 feet from the Ritz Carlton), this 22-unit property at the corner of Forsyth/ Lindell has been fully renovated and updated throughout. Brand new kitchens with quartz or granite, tiled bathrooms, central heating/ cooling, IN-UNIT LAUNDRY, stainless steel appliances, new windows, electric, and plumbing. This turn key property has already had all the hard work done and it looks beautiful. Plumbing and electric has been updated. Roof was brand new when the seller purchased the property. The rents have not been raised since the renovation was completed 5-plus years ago. Once you raise rents to market rate, the proforma income is $400, 000-plus every year. This property is extremely popular among Washington University students- possibility of leasing by the bedroom (furnished or unfurnished) for even more income. Tenants can walk to downtown Clayton, Napoli-plus endless other restaurants and shopping (great walkability). Increase NOI by charging for parking, plus charging for storage lockers in basement. Seller currently operates four units as a short-term-rental that perform well.