3424 Clara Ave, St Louis, MO 63120

Property Description

READY TO BECOME AN INVESTOR? HERE’S YOUR OPPORTUNITY! Four renovated, inspected and rent-ready units. Select your tenants & start generating rental income! * This 4-family property features four true 2-bedroom, 1-bath units with closets, similar layouts and finishes, and extensive renovations completed in 2023–2024. * 2023–2024 Exterior Improvements: New roof, building-wide tuckpointing, gutters, fascia, downspouts and dusk-to-dawn perimeter lighting. * 2024 Interior Renovation: Interiors were rebuilt from the studs with new subfloors, drywall, paint and flooring throughout. All four units feature renovated kitchens with cabinets, sinks, fixtures, stoves and refrigerators; bathrooms with tubs, vanities, mirrors and fixtures; new blinds and light fixtures; and ceiling fans in all eight bedrooms. * 2024 Building Systems: Plumbing serving all four units, sewer lateral from the building to the main, hot- and cold-water laundry hookups in both basement areas, five electrical panels, common-area and basement lighting, hallway motion lighting, smoke and carbon monoxide detectors, and four HVAC systems with rooftop condensers. All-electric building—no gas service. * Recently rented for $1,100 per unit, providing potential gross rental income of $4,400/month or $52,800 annually when fully occupied. * Seller is offering a $2,500 closing-cost credit with an acceptable offer. Seller has completed & passed the St Louis City occupancy/conservation inspections. Property is being sold AS-IS. Offers must be submitted on a Special Sale Contract with proof of funds or loan approval. Shown by appointment with 24-hour notice. One of the sellers is a Missouri-licensed real estate broker.