2907 Chippewa ST St Louis, MO 63118

20 unit apartment complex in south city close to Cherokee Street, Tower Grove Park, and Benton Park. Complex features 2 buildings with a mix of 16 one bedroom units, and 4 two bedroom units. 2 bedroom units are now renting for $750, and 1 bedrooms for $625-$675. Most of the units have recently been turned over and renovated. 19 of the 20 units are currently rented with one unit being left vacant to show. There are many new furnaces and 18 units have central air along with numerous additional upgrades to the complex. There is off street parking in the rear, and storage units in the basements for tenants. Rents have been raised considerably recently with renovations to apartments and there is the ability to raise rents in the future. Solid brick buildings built in 1964 with pitched roofs. New tenants are now paying for rental insurance through The Guarantors. If a tenant defaults on their lease, rent coverage covers owner and operators for the missed rent.