Two 12 unit side by side buildings for a total of 24 units located in the heart of Maplewood within walking distance to all of the restaurants and shops on Manchester. Close to Washington University, Webster University, Downtown Clayton, highway 40 and 44 and the metro link. These buildings were completely renovated 8 years ago and have updated 1 bedroom and studio apartments that range from 525-625 sq ft. Rents range from $550 to $685 and there is the potential to raise rents on the apartments as is. Apartments feature new bathrooms, updated kitchens with updated cabinets and some with granite counter tops, there are walk in closets, new plumbing and electrical, beautiful refinished hardwood floors, ceiling fans, all electric except for gas stove. Windows are in the process of being completely replaced throughout both buildings, there are storage lockers, on site laundry. There are 3 public parking lots close to the building. The building grosses $14,865 a month and $178,380 annually with expenses of $54,788 creating a net income of $123,592. The apartments are almost always full and are easy to rent. Buildings are deeded as one property.
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Fully rehabbed 3 bedroom 1 bath home in Riverview Gardens touching Glasgow Elementary! Brand new electric, plumbing, hardwood floors, kitchen, bath, and much more! Bonus room off of the kitchen that leads into a comfortable sunroom can either be used as a playroom or an office. Plenty of outdoor living space available with an attached 1 car garage as well. This home sits on a culdesac in a quiet neighborhood, perfect for an owner occupant or would also make a great rental with the potential to generate $950/month.
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Well maintained 12 unit apartment building. This building has 8 1-bedroom units and 4 studio units. Roof was replaced in 2017. This property has off-street parking, beautiful hardwood and ceramic flooring. There is forced air heat all units and 8 units have central air. This south city property is an excellent investment property.
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Unique stone and stucco home is located in The Grove one block from Forest Park and walking distance to Barnes-Jewish Hospital, Washington University Medical School, the Central West End and all of the restaurants and nightlife on Manchester. Built in 1906 the home has been completely restored and features updated kitchen with granite counter-tops, stainless steel appliances. The home features built in bookcases, central air, hardwood floors, a back porch and a large fenced backyard with off street parking. The electric, PVC plumbing, HVAC were updated when restored. Home has two bedrooms with an additional room that could be an office or kids bedroom.
Paying buyers agents 2.7%
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This parking lot is approximately 33 parking spots just west of St. Louis University campus which is currently rented to the apartment building at 3900 Lindell. The parking lot is currently leased month to month under market rent at $1,500 a month, the amount charged for parking could be raised substantially. 3909-11 West Pine can only be purchased with 3910-12 Lindell which is available for sale for $725,000. There is the potential to purchase and use part of the parking lot at 3909-11 West Pine for parking at 3910-12 Lindell and lease out the remainder of the parking to the apartment building next door. There is also the potential to build a small multi family or to resell the parking lot to a developer or St. Louis University in the future as St. Louis University owns the parking lot directly to the east of 3909-11 West Pine.
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Wholesale rehab opportunity located on Hunt in The Grove where there are new homes being built and many homes being renovated. This brick bungalow built in 1896 still has original trim, baseboard, flooring and fireplace from when it was built. There is a walkout basement in the back of the house which allows for additional bedrooms and bathroom to be built which counts toward the living area of the home. A nearly identical house was renovated a few doors down at 4362 Hunt where they reconfigured the first floor and added 2 beds and 1 full bath to the basement and made it a 3 bedroom 2 bath home and doubled the living space, it sold for $256,069. 4340 Swan is 660 sq ft with finished basement and just sold for $250,000 ($21,000 over asking). This would be a great renovation project for an investor or for an owner occupant looking to create sweat equity and design their own home. Sold as-is.
Link to pictures of 4362 Hunt
https://www.realtor.com/realestateandhomes-detail/4362-Hunt-Ave_Saint-Louis_MO_63110_M74889-23943#photo27
Link to pictures of 4340 Swan
https://www.realtor.com/realestateandhomes-detail/4340-Swan-Ave_Saint-Louis_MO_63110_M78763-33498
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Check out this updated turn-key fully rented four family in South Hampton. Building features units with hardwood floors, updated kitchens with dishwashers, completely updated bathrooms with updated title, shower system, vanity, floors. The building has central air throughout, there are newer condensers, vinyl windows, newer furnaces, PVC stacks, updated electric, private storage for tenants, washer dryer hookups for all tenants. There is a built in barbecue pit in the back yard and off street parking spots for all of the tenants. The units are rented for $775, $775, $700, $700. The building generates $2,950 a month for an annual total of $35,400, annual expenses are $7,458. There are two long term tenants of 4 and 5 years, apartments are due for a rent increase. This building has been meticulously maintained and would be a great low maintenance building for any investor or owner occupant.
Paying buyers agents 2.7%
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This 4 bedroom 2 bathroom home is just over 1,600 sq ft, being one of the largest houses on the block it is boasting with potential. Plenty of natural light throughout the home with an eat in kitchen and comfortable living room. Two large bedrooms upstairs with the other two bedrooms on the main level. Good bones and a great layout is already there, this home is just waiting on your finishing touches! New roof was added in February of this year. Great opportunity for an owner occupant to build some sweat equity with cosmetic repairs; depending on updates rents can get up to $1,050 a month. Property is being sold as-is! Comparable Sales After Rehab: 2862 Endicott 63114- 4 bed 1 bath 1,285 sq ft. sold for $88,000 7731 Florentine 63121- 4 bed 2 bath 1,300 sq ft. sold for $100,000.
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Spacious hard-to-find ranch home located in the Mehlville school district. This home has been completely updated from top to bottom featuring gourmet kitchen- if you are an aspiring Chef this is the kitchen you would love to cook in. Other features include newer updated bathrooms, newer windows, newer flooring throughout, newer roof, all 3 of the large bedrooms have been remodeled and there is the potential to add two additional bedrooms very easily. There is a huge walkout finished basement with 10 foot ceilings in the entertaining area with extra storage in the unfinished area. The yard has a new fence, irrigation system, and new landscaping. This one will not last long!
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-Rare opportunity to purchase a single-family home across the street from St. Louis University medical athletic field, one block from the St Louis University School Of Medicine. St. Louis University owns almost all of the property around it with plans to build 40 homes in the future. Its also one block from the new $550M St. Louis University hospital.
https://www.kmov.com/news/slu-looking-to-build-homes-on-more-than-lots-near/article_954f24fe-bf11-11e9-87db-9b051cc32309.htm
-Would make a great rental for SLU medical students or faculty.
-This 812 sq ft brick home is currently configured as a 2 bedroom but could be converted to a 3 bedroom. Was previously used as a daycare.
-Home needs updates and repairs, being sold as-is.
-Spectacular view of the downtown St. Louis skyline.
-The best after repair comparable sale is 2817 Hickory 63104. It is a 704 sq ft 2 bedroom home that sold for $186,000 on 4/29/20 located a few blocks away.
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