Every once in awhile, I come across a cool residential/commercial mixed-use property on the
MLS. It used to be almost impossible to score one of these properties in a decent location, at least with any updates. With the downturn of the market/economy, however, we have seen an emergence of the sale of several of these investment goodies.
I featured
this Locust property not too long ago. This AM, another popped up active on the
MLS in the Tower Grove area (just 3 blocks south of Arsenal/the park) that I found
intriguing...
It is currently listed for $369,900 by
Coldwell Banker
Gundaker.
An awesome opportunity if looking to open your own business and/or own a rental of residential and/or commercial property: 4130 sq. ft. of residential loft and business space in desirable Tower Grove area, with a total of 4 bedrooms and 3 bathrooms. The 1st floor boasts a window store front behind a wrought iron enclosed front patio, an open floor plan with the original 12 ft. sculpted tin ceilings, gleaming wood floors, and a built-in bar. The 1st floor also features a HUGE 25X21 eat-in kitchen with granite counters, breakfast bar,
Travertine marble flooring, a large center island, stainless appliances, a walk-in pantry, and a gas fireplace.
Upstairs, the master bedroom features 10 ft. ceiling, a fireplace, and an adjacent sitting room with a 6 ft. turret and matching fireplace. The 2
nd floor also features a luxurious Master Bath with an over sized jet tub, a convenient laundry room, and 3 additional bedrooms with access to a 2
nd floor covered deck. Additional features of this property include a beautifully landscaped back patio, fully updated bathrooms, and a finished lower level recreation room.
Even better: this property is tax abated through 2013! HUGE investment opportunity in one of the hottest, growing downtown neighborhoods.
HERE is a link to the current and expired listing of the property, where you can see a lot more photos. Email me at
cdnandthecity@charter.net with more questions.
