Mixed-Use Redevelopment Opportunity in South City

This mixed-use building presents a prime opportunity for an investor or developer to transform a blank slate into a high-performing asset in the heart of South City. Priced at $425,000, the property has undergone significant improvements, including a large new deck and a three-car garage, but still requires plumbing, electrical updates, drywall, and finishing touches to reach its full potential. Notably, six units are already gutted and framed, making it well on its way to becoming a fully functional six-unit apartment building.

The building currently features three apartments on the upper level and three commercial spaces on the main level, which are ideal for conversion into additional apartments. Additionally, a large, open, unfinished attic offers even more potential for creative development. Located in a vibrant and rapidly redeveloping area, the property is surrounded by sought-after neighborhoods like Tower Grove East, Fox Park, and Benton Park West, all experiencing substantial revitalization. Its prime South City location provides easy access to public transportation, major thoroughfares, highways, and downtown St. Louis. Residents will enjoy proximity to a wealth of neighborhood shops, restaurants, and bars, adding to the area’s appeal.

With strong rental demand, 1-bedroom, 1-bath apartments in the area rent for over $1,000 per month. Comparable multi-family properties sell for over $100,000 per unit, underscoring the value and income-generating potential of this property. Whether you are an experienced developer or a savvy investor, 2648 Gravois offers a rare chance to create a high-demand residential asset in one of St. Louis’ most promising areas. Don’t miss this opportunity to capitalize on the growth and vibrancy of South City!

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Leased 6,000 Sq. Ft. Commercial Building in The Grove

Property Highlights:

  • Leased Commercial Building: 6,000 sq. ft. (3,000 sq. ft. main level + finished basement). Tenant can vacate upon purchase.
  • Versatile Space: Ready for redevelopment into multi-family apartments, a restaurant, event venue, office spaces, or mixed-use configurations.
  • Adjacent 0.2-Acre Lot: Flexible for parking, multi-family, or townhomes. Comparable lots in the neighborhood have sold for up to $125,000.
  • Recent Renovations: Renovated within the last five years, the building is in excellent condition and ready for immediate use.

Prime Location:

Located in The Grove, one of St. Louis’ most vibrant and growing neighborhoods, this property offers a rare opportunity to capitalize on the area’s ongoing revitalization. Surrounded by popular bars, restaurants, nightlife, major hospitals, SLU, Forest Park, and with convenient highway access.

Potential Uses:

Perfect for investors, developers, or owner-occupants seeking a strategic income-producing asset. Potential uses include offices, an event venue, a restaurant, conversion to multi family. Townhomes could be built on the vacant portion of the property or have off street parking.

Virtual Tour of the Building: https://my.matterport.com/show/?m=D6HABGVFRCk&mls=1

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Beautifully Updated Turnkey Four-Family in The Grove

Location & Neighborhood Highlights:

  • Located in the heart of The Grove, one of St. Louis’ most vibrant and desirable neighborhoods.
  • Close to Barnes Hospital, Washington University Medical School, SLU Campus, The Botanical Gardens, Forest Park, and major highways 40 and 44.

Property & Investment Highlights:

  • The building recently underwent a complete renovation that included new updated kitchens, bathrooms, in unit laundry, all new doors, lighting, hardware, all updated systems, and the roof was replaced. 
  • Features well-designed, owner occupant grade 1-bedroom, 1-bathroom layouts perfect for modern living.
  • Low turnover and limited inventory in the neighborhood make this property a rare find.
  • Ongoing redevelopment in The Grove supports continued strong rental demand and excellent potential.

Features:

  • Beautifully finished hardwood floors and tasteful finishes throughout.
  • Modern bathrooms with walk in showers, in unit laundry. 
  • Spacious tiled showers, sleek quartz countertops, and stylish kitchen islands.
  • Central HVAC systems provide year-round comfort.
  • Private fenced-in backyard creates a secure and serene outdoor oasis. A new 2 story porch was added on the back of the property and there is a detached garage. 

Rental Potential:

  • Current rental rates: $1,200/month per unit, plus $50/month for laundry.
  • Comparable units in the area rent for $1,300+ per month, offering potential for increased income.

Virtual Unit Tours:

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Turnkey Four-Family Now Available in The Grove

Property Features:

  • Well-maintained property with significant rental upside and steady income potential.
  • Updated kitchens and bathrooms, electrical, and plumbing, beautiful hardwood floors, stained glass windows.
  • Fenced backyard with brick garage and secure parking.
  • Recently updated central HVAC systems.

Prime Location in The Grove:

  • Rare and highly desirable opportunity in one of St. Louis’ most dynamic neighborhoods.
  • Close to Forest Park, Barnes Hospital, Wash U. Medical School, The Botanical Gardens, The Cortex, restaurants, nightlife, major hospitals, and SLU campus.
  • The Grove is a very desirable neighborhood to live in for the medical community, students, and professionals driving strong rental demand.

Rental Income Potential:

  • Current rental rates: $1,095, $1,195, and $1,295 per month.
  • Comparable units in the area lease for $1,400+ per month, leaving room for rental growth.
  • 3 of the 4 generates over $3,500 in monthly income, an ideal for owner-occupants looking to house-hack.

Tenant Appeal:

  • Thoughtfully designed 2-bedroom, 1-bathroom layouts with modern finishes.
  • Low tenant turnover, thanks to the property’s charm and excellent location.
  • Private backyard provides space for tenants to congregate and have an enclosed place for a pet.

Virtual Tours:

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Spacious 33-Unit Complex on a Quiet Cul-De-Sac

This well-maintained apartment complex, built in 1989, features 10 buildings, including six four-family buildings, one triplex, and three duplexes. The property offers a total of 33 units, consisting of three 4-bedroom units, 24 3-bedroom units, and six 2-bedroom units. Each unit is all-electric with central air, thermal windows, and newer roofs.

Conveniently located near Highway 44 in a quiet cul-de-sac, the complex provides a peaceful living environment. Tenants are responsible for their own electric, water, and sewer utilities.

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Turnkey Property with 14 Spacious Units

14-unit building featuring 10 two-bedroom units and 4 one-bedroom units.

This property is an excellent income-generating investment opportunity. Located within the Festus city limits, it is conveniently within walking distance of a school and a daycare next door.

The building includes coin-operated washers and dryers, private storage units for each tenant in the basement, and an office with a bathroom for added functionality.

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Turnkey 24-Unit Apartment Complex

This turnkey property features two buildings with a total of 24 units, located in a peaceful rural setting. The complex includes 12 one-bedroom units and 12 two-bedroom units, all equipped with central air and thermal windows. Residents enjoy the convenience of on-site coin-operated laundry, public sewer, and 36 parking spaces. The property fosters a strong sense of community with its playground, picnic area, and outdoor bonfire space. The roof and siding, both well-maintained, were updated 15 years ago.

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24-Unit Apartment Complex in St. Clair

This 24-unit apartment complex, built in 1986, has been meticulously cared for over the years. It consists of two buildings featuring a total of 16 two-bedroom units and 8 one-bedroom units. Each apartment is equipped with baseboard heating and window air conditioning, providing reliable and efficient comfort for tenants.

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Two Adjoined Renovated Duplexes in the Heart of Soulard

Sought-After Soulard Opportunity:

Two renovated duplexes in St. Louis’ vibrant Soulard neighborhood, surrounded by bars, restaurants, the iconic Soulard Farmers Market, and the renowned Mardi Gras parade. Steps from Goshen Coffee (best in Soulard!), Chavas, and more.

Modernized Units in Historic Charm:

These brick buildings feature renovated units with all new interiors; new stainless steel appliances, new flooring, new in-unit laundry, new cabinets, new countertops, and so on. Three of the four units span two floors, offering flexible and unique layouts. Unit sizes range from 760 to 1,235 square feet, including two 1-bed 1-bath units, one 2-bed 1-bath unit, and one 2-bed, 2-bath unit. All units finished to the same standard with same fixtures, amenities, etc. Extensive exterior work completed as well, including roof, new deck, landscaping, painting, gutters, and more. Both on-street and off-street parking are available, with one unit showcasing a large deck overlooking a large fenced backyard and parking area large enough for ~six cars.

Rental Income & Development Potential:

Two units are currently vacant, one in each duplex. Remaining larger units will be left available for potential owner occupants.  Market rents range from $1,145 for the smallest and $1,795 (conservatively) for the largest with a projected income of $6,030/month or $74,160/year once fully rented.  Leases are on a great Summer cycle – they end on June 30th, 2024.  Additionally, the large lot leaves the possibility of an over garage unit(s) development at the rear/alley of the property.

A Virtual Tour is Available for All Units:

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49 Units Across 10 Buildings in Park Hills

Versatile Apartment Portfolio in a Great Location in Park Hills, Missouri

This well-maintained apartment complex consists of 49 units spread across 10 buildings, offering a variety of layouts to attract a broad tenant base.

The portfolio includes:

  • 24 one-bedroom, one-bathroom units
  • 10 two-bedroom, 1.5-bathroom units
  • 15 two-bedroom, two-bathroom units

Addresses in the portfolio include 101, 105, 107, 109, and 113 Swan Drive; 101, 103, and 105 Pelican Drive; and 1008 and 1010 Jane Drive.

This property provides an excellent opportunity to expand or diversify your investment portfolio with a mix of unit sizes and configurations to meet tenant demand.

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