3451 Miami Street

Description

4-family in Gravois Park featuring 8 bedrooms, 4 baths, and 5,112 sf. Opportunity for owner-occupants to live in one unit while rental income from remaining units helps offset expenses. Three of four units are currently leased, generating $3,075/month in rental income, with one vacant move-in-ready unit available for owner occupancy or lease-up. Vacant unit is a 1BR/1BA approximately 1,228 sf and was previously rented for $1,100/month. Prior appraisal indicated estimated market rents for the property could total approximately $4,400/month; buyer to verify market rents independently. Each unit includes a kitchen, full bath, and separate living and bedroom spaces. Property features updated kitchens and baths, four newer central air units, multiple updated furnaces and water heaters, and updated windows in portions of property. Decorative fireplaces, crown molding, and French doors retain historic character. Full unfinished basement provides shared laundry, storage, and mechanical access. Additional features include wood-fenced rear yard, covered second-floor porch, front covered porch, brick exterior, 45x125 lot, convenient access to South Grand, and easy access to I-55.