HUGE price reduction, the average increase on new leases is $234/month, and a new loan sized for 6.123%, 30 year amort and 2 years I/O, 75/25 LTV. Now is your chance to own a fully renovated 38 unit apartment community in the heart of Webster Groves and just blocks away from Webster University. All apartments feature: IN-UNIT LAUNDRY, stainless steel appliances, granite counters, vinyl flooring and tiled bathrooms. Other amenities include: 36 GARAGE PARKING spaces, basement storage and an active pool deck. The current owner has already raised 1/3 of the rents; the next owner merely needs to re-lease the remaining units at market when they come due to bring this building to an inplace 9% cap. The previous rents on the 1b1b lease for $885/m but the most recent units were leased for $1095/m days after coming available.The proforma NOI is $430k. With sized loan, year1 cash flow is $101,000 and year2 cash flow is $198,000.