Renovation Opportunity – Richmond Heights 4-Family
Located in one of Richmond Heights’ most desirable neighborhoods, adjacent to Clayton and Ladue, this charming 1940 two-story 4-family is a rare investment opportunity. The building offers two 2-bedroom units and two 1-bedroom unitswith hardwood floors, plaster walls, and ceilings.
Three units are vacant and ready for renovation; one tenant remains on a month-to-month lease, providing immediate income. All units have central air and gas forced-air heating, though updating is needed. A new flat roof was installed in 2020, giving future owners a solid start on improvements.
Projected market rents after renovation are $1,100–$1,400 for the 1BRs and $1,400–$1,600 for the 2BRs, offering strong cash flow potential.
The property sits near a creek and requires flood insurance (has never flooded). Sale is offered strictly As-Is through a Probate Estate. An excellent value-add opportunity for investors or owner-occupants in a prime St. Louis location.
