$995,000
2700 Macklind Avenue is a renovated mixed-use property along the Macklind Avenue business corridor in St. Louis, just steps from The Hill, combining neighborhood commercial space with residential income. This property would be ideal for an owner occupant seaking a live-work setup with income to support the property. The 4,320-square-foot building contains four rentable spaces: two residential apartments and two commercial suites. Current contracted rent totals $5,870 per month, diversifying income across residential and commercial uses. Improvements include upgraded electrical and plumbing systems, tuckpointing, new front sidewalks, and restoration of the historic storefront with new commercial windows and doors. Both commercial spaces were renovated with new carpeting, restored original tin ceilings, kitchens and bathrooms. Both apartments were extensively renovated with new kitchens, bathrooms, refinished hardwood floors, fixtures and interior finishes. The property offers a renovated mixed-use investment in an established neighborhood business district. Current annual income is $74,599, with operating expenses totalling $21,351, creating a net operating income of $53,248.
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2700 Macklind Ave, St Louis