3940 Miami

This quality 4-family is located in Tower Grove South; a stone's throw from Farmer's Markets & kickball in Tower Grove Park, all the restaurants in the South Grand District and right around the corner from a recently built supermarket. This property has several stand-out attributes: first, there have been EXTENSIVE capital improvements which include a new ROOF in 2018, significant spot tuckpointing on all sides and new insulation in the attic. The 2W unit was being used as an Air Bnb averaging $1200-$1500/month in profit. Additionally, the 2E unit has had significant renovation (see more details in supplements). Each unit has a second potential sleeping space/office as well. Rents are $875/1E, $720/1W, $900/2E and 2W if not Air Bnb could reasonably get $900+ monthly. Top that off with a 2 car garage and 2 car parking pad. This property would be excellent for an owner occupant who wants their mortgage more than paid for or for the smart investor who wants to turn a nice profit.