6258 Cabanne Ave, University City, MO 63130

Excellent investment in the Delmar Loop area. The house has a lot of character and currently rents for $990/month. Washington University owns about 30% of the Parkview Gardens neighborhood and continues to build (Delmar and Eastgate mixed use - http://loopliving.wustl.edu/) and buy (6610 Olive Blvd and surrounding properties). The house lies in between 6262 Cabanne, which is owned by WUSTL, and 6254 Cabanne, a vacant house that is up for its third tax auction in August 2013 (after which the property can be purchased for taxes owed at any time from the St. Louis county department of revenue). Adjacent to 6254 is the WUSTL owned apartment at 6252 Cabanne. Purchasing the property and 6254 would give the owner 147 feet of linear street and 22,770 s.f. (0.52 acres) of continuous property directly across from the WUSTL owned property at 6251, 6253, and 6255 Cabanne. This property will also be across the street from the proposed Eastgate North Park Option #2, as proposed by H3 Studios in the Parkview Gardens Plan (http://www.parkviewgardensvision.org). The house could easily be sold as Wash U continues to expand their North Campus. See pictures for more information on Wash U ownership in parkview gardens. The house is also exceptional to live in. A detached single family home with a large yard within walking distance to the Delmar Loop is a rare find but is definitely worth the search. Amenities including dishwasher, garbage disposal, great porch, walkout basement, new water heater and furnace, and central air make this an easy and affordable house to live in.