3508 Watson Rd
Very Stable & fully occupied building
Marketing description
Don't miss this exceptional, fully occupied 20-unit all 1-bedroom units complex just steps from the highly sought-after St. Louis Hills neighborhood, only blocks from Lindenwood and Tilles Park. This all-brick property features individually metered, all-electric units with hardwood floors, ensuring easy maintenance and turnover. Additional income annually from coin laundry and extra basement storage with a half bath boosts ROI. The building is turn-key, with a new architectural shingles pitched roof, ample parking, and a stable tenant base with potential for rent increases. Tenants enjoy the convenience of being within walking distance to public transit, shopping, and popular dining spots like Trattoria Marcella, Pietro’s, and Afghan Kabob House. Perfect for investors seeking a low-maintenance, income-producing asset in a sought-after neighborhood. Owner is a licensed real estate broker in Missouri. NO seller or creative financing available.
Investment highlights
- 20-unit fully renovated multifamily asset in South St. Louis
- Renovated in 2017 with updated kitchens, baths, and mechanical systems
- Strong in-place cash flow
- 1-bedroom units in high demand; consistently high occupancy
- Convenient location near The Hill, Tower Grove, and major employers
- Turnkey investment opportunity
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