2225 North 4th St., St. Charles, MO 63301
$850,000 (Under Contract)

14-Units Available Now in St. Charles

2225 North 4th exterior close up drone shot with asphalt parking lining the buildings *click image to start slideshow

Invest in St. Louis

Opportunity to purchase two multi-family buildings located in St. Charles!

  • St. Charles, the fastest-growing county in Missouri, has experienced rapid rent growth, with continued growth predicted in the future.
  • These buildings are close to historic Main Street St. Charles, a few blocks away from Blanchette Park, which features a large aquatic center, tennis courts, and baseball fields. The location also offers easy access to the Blanchette Bridge and Katy Trail.
  • These properties have individual tax parcels but are being sold together for a total of 14 units.
  • One building is an 8-family, and the other is a 6-family, with all units featuring 1-bedroom and 1-bathroom layouts. Both buildings were built in 1965.
  • The building size for both buildings is 6,440 square feet, and the total lot size across both parcels is 0.361 acres.
  • Some unit and building upgrades have been completed in recent years.
  • There is great potential to increase rent significantly both as-is and with additional updates.
  • There are currently 4 vacancies, with a 5th unit scheduled to be vacant at the end of July.
  • With future updates to the units, including modern flooring, lighting, stainless steel appliances, kitchen cabinets, countertops, bathrooms, and in-unit laundry, rent could potentially be increased by 20%-35%.
  • Estimated upgrades to the units could range from $15,000-$20,000 per unit, depending on the level of finish and upgrades. Please consult with a professional for actual bids for the completion of renovations.
  • With units potentially renting at $995 after updates, the building would generate $13,930 a month, which is $167,160 annualized.
  • There are 26 parking spots available for tenants.
  • There is an open grassy area on the property that could be made into an enclosed dog park.
  • These properties are located in a flood plain.
  • A virtual tour of unit 2229 is available here: https://bit.ly/45MXns2

Supplemental Documents

Property Location

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Property Details:
Square Footage: 6440 County: St. Louis City Units: 10+ Condition: Turn Key Occupancy: Some Units Vacant Parking: 2 Parking Spaces Per Unit, 1 Parking Space Per Unit, Off Street Parking, Parking Lot Heating: Gas Heat Cooling: Window Units Construction: Brick Basement: None
Home Amenities:
  • Fridge
  • Stove
  • Hardwood Floors
Agent Details:
Owner / Broker: Jordan Schoen Phone: (314) 255-5117 Fax: (314) 480-7053
Contact Agent: Please use the form below to contact agent Jordan Schoen about this listing.

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