Two Families Are Hot

Andrea Durway Posted by
Buying & Selling Tips Aug 2016

Our buyer’s agents have been working with several clients searching for two family units in the Tower Grove area. The market for two family properties is very competitive and there is the chance that buyers will compete against investors, who have the advantage of paying cash and not having to go through the mortgage process.  This doesn’t necessarily mean a typical buyer can’t win, but we advise buyers be as prepared as possible and do all they can to make their offer stand out.

How To Make Your Offer Stand Out in a Multiple Offer Scenario

Last week we listed a two family at 3855 Juniata and it sold in under four days. It is a completely renovated home with a sought after floor plan in Tower Grove Heights.  Investors are typically looking for distressed properties or units in need of significant repairs. This unit did not meet that requirement and the buyer will occupy one of the units.

3855 Juniata is just two blocks from South Grand’s shops and restaurants and two blocks from Tower Grove Park. The second floor unit has been re-configured for a more open feel. The updated kitchen has a center island plus is open to the living/dining room. There are two spacious bedrooms – one in the rear with access to a private deck, plus an even larger bedroom in the front with loads of storage and access to a balcony. The second floor bath is over-sized with newer fixtures and extra built in storage. This unit is ideal for an owner occupant but is also easy to rent due to its modern layout. The divided bedroom floor plan makes this perfect for roommates. The lower level unit has original pine flooring, two generous bedrooms, a full bath and an eat-in updated kitchen with access to the back yard. There is a 200 amp panel for each unit, PVC stacks, and PVC lateral to clay connection. A rubber roof was installed 2012. It has a full basement and a one car parking pad.

 

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