12-Unit Apartment Near Central West End Analysis

[Nicholas Nguyen]

Hello,

I'm brand new to real estate and just bought my first 4-unit in Fenton area. I'm interested in the property below and the numbers look really good to me but not sure about the area. If anyone could share some insight or anything on this property at all. Feel free to buy =) but I do want to understand the process.

4803 Fountain Ave, Saint Louis, MO 6311

https://www.loopnet.com/Listin...

Thank you

[Nathan Zierer]

@Nicholas Nguyen I don't know if you have looked any further into this listing but I did probably about the same time you found this. After talking with my agent and she did a little digging, the owners on in 2 law suites just on this one property.  1 is with a injury case from a former tenant that has been going on awhile and the other is one of the partners is suing the other partners on.  Kind of a mess, if you have cash to close and don't need a bank right away, it could be cleaned up pretty easy if you have a good lawyer who can keep you from getting in the middle of it all. 

I do like this location because like some one said above, the area is seeing a lot of development though.