Opportunity to purchase a 20 unit apartment complex in south city, close to Cherokee Street, Tower Grove Park, and Benton Park.

• Complex features two buildings with a mix of 16 one bedroom apartments, and 4 two bedroom apartments
• Two bedroom apartments are now renting for $750. One bedrooms are now leasing for $675. Raising the rents to $675 for the remaining one bedrooms will generate significant additional income.
• 19 of the 20 units are currently rented with the vacant unit being left vacant to show.
• Units feature central air conditioning, hardwood floors, and there is lots of closet space.
• Complex features off street parking in the rear, and storage units in the basements for tenants. Located on a convenient bus line.
• Solid brick buildings built in 1964 with pitched roofs.
• There is ample off street parking for tenants in the rear of the complex.
• Tenants pay for rental insurance through The Guarantors. If a tenant defaults on their lease, rent coverage covers owner and operators for the missed rent. Additional information about how this works can be found on The Guarantors website at theguarantors.com.

 Recent Capital Improvements

• A majority of the units have recently been turned over and renovated.
• Individual gas water heaters for all 10 units in 2907, 2909 and 2911 buildings were added.
• 12 new furnaces and AC units secured in metal cages were installed.
• All 6 stairwells and landings were remodeled with new flooring, baseboards, new basement door and lock, painting, electronic locks to the front door.
• Mailboxes were replaced.
• Gutters were repaired.
• Exterior doors were painted.
• P-traps were replaced in the 2015-2919 building.
• Exterior lights were added.

Two bedroom one bathroom units with vinyl flooring running throughout. Tons of storage in the units in addition to storage lockers in the basement. Each unit has their own laundry area in the basement. 4 car parking pad in rear of the building off of the alley access. This building would make for a great rental portfolio addition or for someone looking to house hack!

-Completely renovated four family located in Shaw near St. Louis University School Of Medicine, The Botanical Gardens and Tower Grove Park.

-Building features updated open kitchens with island, quartz countertops, all new stainless steel appliances, exposed brick walls, updated bathrooms, new flooring, lighting, doors, hardware, etc.

– The building was taken down to the studs with joists replaced. Updates include HVAC, electric, plumbing, roof, water heaters, windows.

-All units have washer and dryer connections and there is off street parking.

– The building is 3,724 sq ft with 2 bedroom apartments that are approximately 800 square feet.

-Apartments are being advertised for rent at $1,600 a month.

-Ideal for an owner occupant or investor.

-There are multiple recent sales of 4 family sales in Shaw over $800,000.

-The seller will review any offers at 4pm on Wednesday 29th. Please give a response time of 12pm 6/30/22.

24- 2 bedroom and 11/2 bath townhomes, 100% occupied, 900 sq ft. located off St Charles Rock Road right behind the Breckenridge police station! Each unit has forced heat and central air, updated kitchens and baths, and newer thermal windows.

Twelve unit apartment complex located in a quiet residential neighborhood in the Hazelwood School District with mostly single family homes.

Built in 1960 with 12 Ranch style units with the ability to build out a 13th unit which is currently a shell.

There are currently 11 one bedrooms and 1 efficiency.

Sale includes two lots, 25 Nordell Ct, the main lot with the apartment complex which is .97 acres and there is also 20 Nordell Ct, a.47 acre buildable residential lot totalling almost 1.5 acres.

Complex features a laundry facility with Hoppy’s coin operated laundry for tenants and there are also storage units for tenants.

1 Bedroom apartment rents for as much as $700 which provides an opportunity to raise rents.

If fully rented with rents of $700 for the 1 beds, $600 for the efficiency and the potential future unit rented for $700 the building would generate $9,000 a month.

WIth the future unit rented out with rents of $700 for the 1 beds and $600 for the efficiency the building would generate $102,600 with 5% vacancy.This is a low maintenance building with a number of long term tenants.

Building is easy to rent and has been at 97% occupancy.

Plenty of off street parking in the back of the building.

Located close to a Walgreens and Fire Station.

This well-maintained apartment complex is located in the South Hampton neighborhood across the street from Christy Park and a half-mile from a $72M development planned covering 12 acres on Kingshighway.

• There is a value add component to the property with a strong rental market in the area. Similar sized updated one-bedroom apartments renting for as much as $950.
• Completing a cosmetic update of the units including kitchens, baths, HVAC and in-unit laundry could generate top of the market rents. There is a closet in the apartments that would work well for in-unit laundry.
• A lesser cosmetic update of the units including kitchens and baths could also potentially raise rents significantly.
• Built-in 1928 this building has beautiful architectural detail with interior features like common areas with terrazzo floors.
• Building has updated electric panels and exterior service, storage units for tenants, common area laundry, some pvc plumbing, seller currently provides heat through a boiler system.
• There are 3 commercial spaces on the first floor with 2 occupied. These commercial spaces could be converted to apartments as well to have an all apartment complex.