4126 Michigan Avenue

FULLY OCCUPIED 3 Unit building producing a 10.5% return!! Have a completely turnkey investment generating $19k NOI annually! Or, if you prefer to play the value add game, update units 1 and 2 when their leases expire in July and August, and take advantage of high market rents! Unit 1 has been in place via Section 8 nearly 8 years, Unit 2 is rented via St. Patrick's center, and the Rear studio unit is recently rented to a market tenant. Interior photos are of Unit 2 and the Rear unit prior to being rented. While cosmetic updates hasn't been the focus for this building, you'll find lots of the big stuff already done and in great condition! New Roof 2017, and Water Heaters / HVAC in 2013 - one in 2023. Unit 1 has window units. Can be packaged with a two family at 4243 Meramec (24045572) for five total units!