7303 Nottingham Ave, Shrewsbury, MO
Multi-family for Sale - $249,900 - 1,120 Sq. Ft. on 0.16 acres
Agent Info
Hal Hanstein Cardinal Realty Group, Inc. |
Property Info
CIMLS# | 1172253 |
Location 7303 Nottingham Ave Shrewsbury MO 63119 | |
Updated | February 20th, 2025 |
Type | Multi-family |
Price | $249,900 |
Building | 1,120 Sq. Ft. |
Land | 0.16 acres |
Attached Documents
Property Description
Discover an exceptional opportunity in the heart of Shrewsbury, MO—a charming, tranquil bedroom community within the desirable South St. Louis Metro area. In the world of commercial real estate, the mantra is “location, location, location,” and this delightful two-family bungalow epitomizes that principle.
**Location:** Imagine living just a 10-minute walk from a wealth of amenities elevating your lifestyle. The City of Shrewsbury offers many features, including beautiful parks, an aquatic center, pickleball and tennis courts, an indoor gym, a special events facility, and more—all designed to enrich your quality of life.
**Location:** Education is a cornerstone of this community. Residents have access to the highly-rated Webster Groves School District, known for its academic excellence. For those pursuing higher education, Webster University—an esteemed institution—is conveniently located just a 28-minute walk away.
**Location** Convenience is at your fingertips with a major public transportation hub less than a 10-minute walk from the Shrewsbury Lansdowne/I-44 Station. This provides quick and efficient access to the metro area via Metro Link and Metro Bus, along with seamless connectivity to I-44 for easy commuting.
**Location:** Shopping and dining enthusiasts will appreciate the proximity to a variety of options, all just a short drive away. Explore the nearby Mackenzie Pointe, The Center at Kenrick Plaza, Shrewsbury Walmart Supercenter, Webster Groves Old Orchard Business District, Yorkshire Shopping Center, and many more vibrant destinations.
As an investment property, this bungalow’s prime location makes it incredibly desirable as a rental opportunity. Currently generating an annual rental income of $28,800 with total operating expenses of only $8,340, it presents a strong net operating income of $20,460. Unit A has been recently renovated and is move-in ready for a new tenant or owner. Meanwhile, Unit B is occupied by a long-standing tenant on a month-to-month lease, expressing interest in continuing their residency.
Seize this remarkable investment opportunity Today and enjoy the perfect blend of location, character, and potential!