Welcome to 1102 Edward Terrace, a fabulous turn-key 2 family property in the heart of Richmond Heights. Excellent opportunity to add to your rental portfolio, or to live in one unit and to lease the other to cover your mortgage! Each unit has 2 bedrooms and 1 bathroom with a shared basement for storage. Both units are currently occupied with long term tenants (one currently month to month, other lease ends June 14, 2022), rents are far below market rate. With a few updates (or not), rents could be raised to $1,200-$1,400/month very easily! SUPER CENTRALIZED area is super easy to rent out as it is close to Wash U, SLU, Downtown Clayton, and Forest Park! Extremely safe area with highly desired Maplewood-Richmond Heights School District. Roof is less than 10 years old, lateral line replaced in 2011. Showings only with accepted contract, all offers to be submitted on a special sales contract; property to be sold in "as-is", "where-is" condition.
Listed by EXP Realty, LLC, Peter Lu & Lauren Broughton
Principal & Interest
Monthly Home Ins.
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Listing information courtesy of: EXP Realty, LLC
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