1000 Bates ST St Louis, MO 63111

Unique opportunity to own a turn key 12 unit building in South city. There is room for rental increases. The rents shown here are an average. Many long term residents have not had an increases. The one bedrooms are going up to $700 and the efficiencies are going to $650 - $675 depending on updates. Mailboxes are located inside the common area. Coin operated laundry is on both first and second floors. Parking is available on the street on Bates, and Louisiana. Additional parking at the rear of the building. One block from public transportation. In 2019 the TPO flat roof was replaced. Each unit has its own central air unit. Since 2020, 3 air units and 3 air handlers have been professionally installed. The units all have radiant floor heating included with the rent. The units each pay their own electric including air, but gas is included with rent. Since gas for heat and gas for cooking as well as water sewer and trash are all included, there is room for increased rents.