1030 Commodore Drive

About this property

Rare opportunity to invest in a 4-unit property in the highly desirable Little Flower neighborhood of Richmond Heights. Located a stone’s throw from Downtown Clayton, Washington University, the Barnes Jewish Hospital Complex, and great access to regional highways, the location can’t be beat -- incredible tenant draw! Offered at a pro forma 7.36% Cap Rate, with easy value-add to bring even higher returns. With simple cosmetic updates, all of these 1-bed units command $1595 market rents – adding laundry in-unit could raise to $1795/mo, ready with a perfect location off the kitchen. In great condition with some recent updates, the property has Central AC & Forced Air heat, updated plumbing and electrical panels, vinyl windows throughout, excellent masonry & tuckpointing, 4 spots of off-street parking. 1030 Commodore should prove to be a low-maintenance, easy-to-manage investment for years to come -- call today!