Tower Grove South home just a short walk to Tower Grove Park and the shops and restaurants on Morganford. This 1,872 square foot 3 bed 2 bath home features original trim, three decorative fireplaces, central air, original pocket door and a spiral staircase. Located on a large lot with off-street parking. Similar size homes in the neighborhood have sold for over $300,000 when updated. The home does need work, ideal for a buyer looking for a value add opportunity. Being sold as-is.
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Here’s an opportunity to add a cash-flowing 3-family in an up-and-coming neighborhood to your investment portfolio! These are all 3 story townhomes with 3 bedrooms and 2 1/2 baths. The building has so many UPDATES including, but not limited to renovated kitchens and baths, new plumbing and electric, hardwood floors, new carpeting, ceramic flooring, subway tile surround, and central air conditioning. The basements are unfinished for laundry and storage. Each unit is rented for $1050 and could be raised to $1350.
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On a quiet tree-lined street in North Hampton with a grassy median this striking 12-unit building built in 1929 features 10 one-bed four-room units & 2 studios.
2017 renovation included new soft close cabinets, white quartz countertops, in-unit laundry, 4 piece stainless steel appliances. Building features central air with all new condensers. Bathrooms have been completely renovated, hardwood floors refinished. Building dry-walled and re-plastered.
New insulated TPO roof was installed. New vinyl insulated windows were installed, New commercial exterior meter bases, new 200 amp service panels. New light fixtures and electrical finishes. New wiring in kitchens, bathrooms and basement. New 2 ” copper main water service. New PEX water lines, PVC waste lines, PVC drain lines throughout. Professionally landscaped. 11 of the 12 units were fully renovated, the 12th unit has an updated bathroom. 10 of the 12 units have in-unit laundry and the other two have laundry provided in the basement.
Rent Comparables In The 63139 Zip Code:
Rents are low compared to similarly updated units in the area. There is potential to raise the rents in this building significantly without having to complete any additional upgrades. The tenants are fantastic and there are a number of long-term tenants in the building, some have been there since the building has been renovated.
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Opportunity to purchase 16 building lots in gated development overlooking the mansions on Washington Terrace and next to the Central West End and Forest Park.
Lots are fully improved with all infrastructure in place including water, sewer, electric, and private gated street.
Zoning is E. Multi-Family Residential and would be ideal for luxury Town Homes.
The 16 Fee Simple lots are part of the 40 lot Delmar Town Home Association that has been approved by the city of St. Louis Building Division and Cultural Resources.
Potential to split the 16 lot package into 2 and 4 lot packages at $45,000 a lot.
Short term seller financing available to qualified buyer
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This 4 family in the newly developed Crown District has been beautifully rehabbed. This is an excellent owner-occupant or investment opportunity, passing the FHA self-sufficiency test at 3.5%
down, an owner-occupant could live for free with an income from day one. For the investor, this property operates at an 8.7% cap rate. Each unit has in-unit washer and dryers, 2 bedrooms and 1 bath with a home office, thermal windows, hardwood floors, stain glass windows, white shaker cabinets, stainless steel appliances, dishwashers, all new kitchen and baths, a new 1.5” water service, all new pex water pipes, new pvc waste pipes, new 100 amp electrical panels, off-street parking, 3 new HVAC systems, 3 new water heaters. Unit 1E (first floor right side) is vacant for an owner/occupant. The other 3 are rented with June 1 move-ins for $1,150, $1,150 and $1,175.
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This is a 4 unit building with 2- 2 bedroom and 2-1 bedroom units. The tenants are long-term tenants that have been in the building without a rate increase. Current rents are $750, $750, $675, and $712.50. Market rents are significantly higher, building could use some updates to help rent increases. It is located near Lindenwood University, grocery stores, shopping and post office. We must have an accepted offer prior to showing.
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Opportunity to purchase a renovated 3 family in The Grove. Located across the street from a park, near Forest Park, Barnes-Jewish Hospital, Washington University Medical School, The Cortex, and The Botanical Gardens.
This 3,652 sq. ft. building has a recently renovated 1,800+ sq. ft. 2-story townhome with 3 beds and 1.5 baths. Features include an updated kitchen with stainless steel appliances, updated bathrooms, a fireplace, central air, hardwood floors, a fenced backyard, and off-street parking. Perfect for owner occupancy or for an investor. There are also 2 one-bedroom units with one unit rented for $1,195 and $995.
The potential income is over $50,000 annually if fully rented. Average rent for similar size townhomes within a mile in the last year is $2,304 and the average rent for a similar size 1 bedroom is $1,402. There are two separate basements, the east basement has a bathroom with a shower, and two partially finished rooms.
Take the virtual tour: https://my.matterport.com/show/?m=xLoqix8ZGs9
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Rare opportunity to own this .92+/- acre lot (164 x245) off Manchester Road in Ballwin. Excellent redevelopment potential for Single Family(R1), Multi-Family(R4), or Commercial(C1). Currently zoned R1 with house and huge 3 car garage/workshop. Property is surrounded by Multi-Family/Commercial development and is the only Single Family in the area. Potential for new home, townhomes, small business, live/work or hobby farm. Keep as a rental house until future development takes place. The buyer would need to get re-zoned for any type of use other than single-family.
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Commercial investment opportunity in the Grand Center District near SLU for sale only. Property leased long term to daycare operator for $2,500 per month. The 10-year lease from 2016 has increases to $2,650 in 2022 and $2,800 in 2024 and expires in 2026. The buildings and systems were gut renovated approximately 15 years ago and are in good condition. Tenant pays all utilities and operational maintenance costs and owner pays real estate taxes of $4,256, building insurance of $2,154 and any structural or roof maintenance. Annual income is $30,000 with fixed expenses of $6,410 creating a net income of $23,590 which is a 9.8% cap rate minus any potential repairs or maintenance. Tenant is very successful and has perfect payment history. Please do not disturb tenant.
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