Located in The Grove within walking distance to Forest Park, Botanical Gardens and is 1 block from the restaurants and shops on Manchester. This 1 bedroom home is approximately 675 sq ft on the main level and also has a room in the basement that is framed out for additional living space and potential additional bedroom. A dormer could also be built out on the current second floor attic to create a bedroom on the second floor. With the 2nd story build-out and the finished basement the total living space in the house would be closer to 1,000 sq ft. This house is in the process of being renovated and is awaiting finishing touches. Much of the framing, electric, plumbing, HVAC work has already been completed. Would be a great house for an owner occupant to pick their own finishes.
This home can be purchased with 4355 Hunt Ave as a package for $170,000 or purchased separately.
Search the MLS below using the city, postal code, address or listing id of the desired property.
Located in The Grove within walking distance to Forest Park, Botanical Gardens and all the restaurants and shops on Manchester. This brick bungalow has just been gutted and is ready for rehab. Home is approximately 759 sq ft and is on a block with numerous homes being renovated and new construction homes being built. Similar sized renovated homes closeby have sold for $155,000 and $169,900. One of the few wholesale homes available for renovation in the area. Home features a deck on the back of the house and fenced backyard. Perfect for an investor or owner occupant.
Comparable Sales After Rehab
4307 Hunt 63110- Frame 2 bed 1 bath 882 sq ft sold for $155,000
4245 Blaine 63110- Brick 2 bed 1 bath 855 sq ft sold for $169,900
This home can be purchased with 4335 Swan Ave as a package for $170,000 or purchased separately.
Search the MLS below using the city, postal code, address or listing id of the desired property.
Fantastic opportunity to purchase a turn-key four family located in the North Hampton neighborhood. This building was updated throughout featuring kitchens with updated cabinets, breakfast bar, dishwasher, microwave, stove, fridge, backsplash, tile flooring, USB charging ports. Bathrooms are updated throughout with new tile, new vanity, shower system. There is a bonus room off of the back bedroom that has electric that is ideal for a kids room or office. The units have central air conditioning, stained glass windows, there are original hardwood floors, new lighting and fans throughout. The building has off street parking, washer dryer hookups for the tenants in the basement. The electric has been updated, there is pvc plumbing and newer condensers. The building is currently fully rented at $3,387 a month which is $40,644 annually if fully rented with annual expenses at $8,247 creating a potential net income of $32,397 a year which is an 8.1% cap rate. Showing units only with an accepted contract.
Rents:
$800 (plus additional $12.00 washer rental for a total of $812) Lease through 3/3/2021
$850 Lease through 8/31/2020
$850 (plus additional $25 pet fee and $25 washer/dryer rental for a total of $900) Lease through 7/15/2020
$825 Month to month
Expenses:
Real Estate Taxes – $2,349.22
Insurance – $1,242.50
Sewer – $1,664.45
Water – $1,490.20
Maintenance – $1,500
Tenants pay Gas & Electric.
Search the MLS below using the city, postal code, address or listing id of the desired property.
-Rare wholesale rehab apartment complex in Richmond Heights for sale a few blocks from Clayton, Forest Park, St. Marys Hospital.
-1930’s vintage building is approximately 33,600 square feet with a 21,344 square foot lot.
-This 36 unit apartment complex is comprised of 24 one bedrooms and 12 two bedroom units. This is a great Value Add opportunity for an experienced developer.
-The building is being offered for $450,000 which is $12,500 a unit. -The building can be purchased with a house with a 1/4 acre lot located directly behind it at 1327 Sunset 63117 for $200,000 which can be turned into a parking lot. Seller has applied for approval to construct a 36 unit parking lot.
-This building has substantial structural and framing work that needs to be completed with the rehab. 6 units will require significantly more work than the other units and those 6 units have been vacant for 15 years.
-The building has a tuck under garage that has 4 concrete columns that have settled. The garage is attached to the apartment building and foundation and would need to be saw cut and demolished. If the garage is demolished a surface parking lot could be used in the courtyard.
-Boiler heat- 10 year old boiler in working condition.
-There is a 160 gallon water heater for the building with a circulation pump.
-There is a 2″” copper main water line that comes into the parking garage.
-Electric- Each unit has 60 amp panel in apartment, main meter & fuse panel in the basement.
-The building is vacant, 30 of 36 units were recently occupied and it was officially fully vacant in November 2019.
-Development has the potential to qualify for historic tax credits. The building is not currently on the register and would take approximately 6 months to be added to the historic registry.
-There is the potential to complete a mid grade renovation that would not involve a full gut rehab to all of the units, the building had 30 units occupied last year. With a mid grade update these units could potentially rent for $800 for the 1 beds and $1,000 for the two beds depending on updates.
-A complete gut rehab and update of the building is also an option with market rate rents for 1 bedrooms in Richmond Heights in the $950+ range depending on size and updates. Two bedrooms in Richmond Heights rent from $900-$1,700 depending on size and updates.
-There is the potential to convert to condos, condos in Richmond Heights have sold from $309,000-$330,000 in the last year.
– Also possible to consolidate the amount of units and create townhouse apartments or create large 2 and 3 bed 2 bath apartments by opening up the walls in side by side apartments.
Property sold as is.
Paying buyers agents 2.7%
Inquire by email for additional information.
Proof of funds or bank letter will be required prior to viewing.
Search the MLS below using the city, postal code, address or listing id of the desired property.
Take a look at this turnkey single family rental in the very desirable University City. Approved at $950/month with a tenant in place paying $459 and nearly all of the utilities. New air conditioning installed in the past year. This would be a solid addition to your portfolio for excellent cash flow.
Paying buyers agent 2.50%
Search the MLS below using the city, postal code, address or listing id of the desired property.
Four family featuring 2 bedroom units, new furnaces/ water heaters, and central AC. The units are fully occupied at $2150/month, this property is an easy addition to your portfolio as-is. With moderate updates, rent could be increased to enhance the already excellent 10% Cap Rate.
Paying buyers agents 2.50%
Search the MLS below using the city, postal code, address or listing id of the desired property.
Large brick 1.5 story home located in Maplewood with tons of character. This 1,922 square foot home features 4 bedrooms and 2 baths, detached garage and inground pool. There is the potential for large master suite on the upper level. Home needs updates and is a great opportunity for an investor or a homeowner looking for a good amount of equity in home after it has been renovated. Similar homes within a half mile have sold for $318,000, $350,000 and $375,000 in the last year. Sold as-is.
Paying buyers agents 2.70%
Search the MLS below using the city, postal code, address or listing id of the desired property.
Well-maintained fully-occupied 22-pad mobile home park on approximately 5.7 acres in a great suburban location surrounded by single-family homes and lots of green space. New public sewer system has recently been installed. The water is also public. Each pad rent is $365 a month. Low operating costs. An umbrella policy covers the insurance required. All tenants are on leases. Also included is a large three-bay garage and a large storage shed. The Park is well kept and mobile homes are in good condition. There is an adjacent 4 family building and mobile homes that could be sold with this property.
Paying buyer’s agents 2.3%
Search the MLS below using the city, postal code, address or listing id of the desired property.
This apartment building is comprised of 8 one-bedroom units. The rents are $475 each. It is 8400 sq. ft. with an additional 2800 sq. ft. of basement. It was built in 1963. 100% occupied great cash-flowing investment property located in a convenient area for transportation. Coin-operated laundry for additional income. The tenants have access to storage units in the basement. The property is all electric and has updated thermal windows, forced heat and central air in 2 of the units, the other 6 units have hotel style heat and air, hardwood floors, circuit breakers, copper plumbing, and the leases are month to month.
Search the MLS below using the city, postal code, address or listing id of the desired property.
Outstanding opportunity to purchase a well maintained 20 unit apartment complex located on a quiet street in the Princeton Heights neighborhood. Built in 1966 this building has many upgrades including a recently replaced TPO fully adhered roof, 2 recently updated units, updated vinyl windows, all units have central air with 8 newer condensers, some newer furnaces, exterior paint, etc. There is potential to raise rents and add value with additional cosmetic updates to the units. There are 12 one-bedroom units and 8 two-bedroom units. The updated 2 bedroom unit is currently being marketed at $735 and the 1 bedroom at $565. 2 bedrooms in the area rent from $600-$800 with 1 bedrooms renting from $500-$700 depending on updates and size. Building features off-street parking, storage units in the basement for tenants, there are washer and dryer hookups and potential to add additional income with laundry in the basement. The 2019 rental income was $121,113. Inquire for more detailed financial information.
Closest Sale Comparable
6265 Gravois St. Louis, Mo. 63116- Located .2 miles away.
16 units- 14 one bedrooms and 2 two bedrooms.
Sold 7/31/19 for $860,000 ($53,750 a unit)
Gross Rent $90,853
Expenses $47,818 (with taxes of $12,996 and insurance of $10,893 included)
Net income $43,035
One and two bedroom units renting in the area
4955 Eichelberger 63109, 1 bedroom units with recently updated kitchens, baths, appliances, rented at $650, $675
5617 S. Kingshighway 63109, 1 bedroom rented for $760, 2 bedroom for $780
5454 Rosa 63109, 1 bed rented for $795 and $625
Search the MLS below using the city, postal code, address or listing id of the desired property.
