3420 Lawn St Louis, MO 63139

Once-in-a-decade opportunity at $42,000 per unit. This 6-unit North Hampton property is a rare rehab ideal for investors eyeing value-add projects. The building features two spacious 2-bedroom units and four 1-bedroom units. Two units have fire damage, while the remaining four have smoke exposure. A...ll units are vacant. Recent MLS sales for 5+ unit buildings in 63139 and neighboring 63109 and 63110 have ranged from $102,500 to $195,833 per unit, driven by size and condition, offering flexibility in finish selections. Potential market rents = $1,095 for updated 1br and $1,295 for updated 2br. Buyers should perform their own property condition analysis and financial analysis. The last comparable rehab of this size and type in North Hampton listed on MLS was January 2015. Continue reading