Stunning six family built in 1929 located in the Moorlands located just a few blocks from downtown Clayton. Three of the six units were recently completely gutted in this 8,000 square foot building and reconfigured to have nice open floor plans with very large bedrooms and closets. These 2 bedroom 1,000 square foot units were fully dry-walled, all exterior walls are insulated for efficiency, there are new energy efficient windows, interior dividing walls insulated for sound, custom kitchen cabinets with soft close drawers and doors, quartz counter tops with seating at the peninsula bar, stainless steel appliances, gas stove, custom walk-in closet in the master bed room, in unit laundry, linen closet, large bathroom with custom vanity, quartz vanity top, walk in shower, frame-less shower glass, all new shaker style interior doors, new trim work throughout, hardwood floors, new copper wiring, new plumbing, recessed lighting, large outside patio. There is a garage with 5 parking spots.
The updated units are currently rented for $1,695 and $1,650. The units were rented during construction and there was a discount given for a 2 year lease which accounts for the lower rent amounts. There is currently nothing being charged for the garage parking spaces. There is a lot of upside and potential with these units as units could potentially rent for $1,695 if all updated as the first 3 are updated with a potential gross annual income of $115,938 with 5% vacancy. Completing very minor updates to the 3 units that are not updated could generate rents of $1,200 a month per unit.
7515 Cromwell 63105 which is located close by in the Moorlands sold for $250,000 a unit with rents at $1,600 with more basic units that are not as updated as 7537 Buckingham.
Market Value Of Units
1E $275,000
2E $275,000
3E $275,000
1W $175,000
2W $175,000
3W $175,000
Paying buyers agents 2%
Search the MLS below using the city, postal code, address or listing id of the desired property.
Ranch style 4-family in Bevo Mill, 2 Bedrooms, 1 Bath each unit. These units are laid out for a simple investment. The building is on a cul de sac in a quiet corner of Bevo Mill. Total rents are $2,050 a month and $24,600 annually. Expenses are $6,803 for an annual net income of $17,797. Professionally managed by DECA Realty(8%). 2 of the 4 units are updated and rented out at $575, Rentometer suggests this may be a bit low, 2 bedrooms close by are renting for $650+. 2 of the 4 units are rented out at $450. Estimates for updating these units to the $575 price point is $8-10K, a 15-18% return on investment. Currently operating at a 10.6% Cap Rate. Showings with 1/4 units and basement, other units with contract.
Search the MLS below using the city, postal code, address or listing id of the desired property.
Great investment opportunity in University City just a few blocks from Heman Park Pool and Recreation Center. This 1,058 square foot brick home has 3 beds and 3 baths and needs full rehab. There is also the potential to finish the basement for additional living space. The seller has architectural drawings for the property which can be provided. There is a similar sized home that was renovated .2 miles away at 6854 Melrose 63130 that sold in 2 days for $164,000. Property to be sold as-is. Seller is licensed agent in state of Missouri.
Paying buyers agents 2.7%
Search the MLS below using the city, postal code, address or listing id of the desired property.
Unique well-maintained 4,032 sq ft four family building located in Benton Park. Walkable to Benton Park, Lafayette Square, Blue City Deli with easy access to highway 44. Building features two 2 bedroom units and two 1 bedroom units. Three units are currently occupied; the 1 beds are currently rented for $500 and $475, the 2 bed is rented for $700. With updates the 1,200 sq ft 2 bedroom units could potentially rent for $975 and the 1 beds for $600 for each. Fully rented with updated units the gross monthly income could be $3,250 a month and $39,000 annually. Building has updated systems including electrical panels, HVAC, plumbing, central air. The property includes a landscaped courtyard and area for potential off-street parking.
Expenses:
Water/Trash $1,400
Sewer $840
Maintenance $4,000
Insurance $1,816
2019 Taxes $2,857
Total $10,913
Paying buyers agents 2.70%
Search the MLS below using the city, postal code, address or listing id of the desired property.
Fantastic opportunity to own this large brick 2-family currently occupied by tenants located in south St. Louis. There are 2 bedrooms in each unit with hardwood floors and central air, updated electric and plumbing, brand new roof in August 2019. The unfinished lower level boasts laundry and a walk-out. Near the Gravois Park neighborhood, parks, grocery stores, hospitals, and public transportation. Great neighborhood and must see! Property to be sold as-is.
Paying buyers agents 2.7%
Search the MLS below using the city, postal code, address or listing id of the desired property.
Welcome home to your South St. Louis classic! Centrally located, and beautifully remodeled this is the perfect starter home with 2 bedrooms and 1.5 bathrooms. Newly installed 30 year architectural roof, brand new finished hardwood flooring throughout, accompanied with fresh paint, and brand new stainless steel appliances! Walk out basement that leads to a freshly stained deck that overlooks your privately fenced in back yard with raised planter boxes for your garden. Comparable Sale- 6251 Goener Ave. 2bed 1 bath 810 sq. ft sold for $142,500. This home sits on a quiet oasis of a street in South City within walking distance to Carondelet Park.
https://youtu.be/t-zJ6-z45r4
Paying buyers agents 2.7%
Search the MLS below using the city, postal code, address or listing id of the desired property.
South city living at its finest! Great investment opportunity in South St. Louis just minutes from Cherokee Street. Excellent opportunity for first time investors, with seller willing to manage property for first 6-12 months if requested. Large 2,640 sq ft brick two family home with two bedrooms one bathroom on first level and three bedrooms one bathroom on second level. Both units are occupied generating $1,000/month per unit. Electric, HVAC, plumbing, roof, and flooring done in 2006 with additional updates to the kitchens and bathrooms as well. Access to the backyard and basement in both units, with potential for covered parking in rear.
Paying buyers agents 2.70%
Search the MLS below using the city, postal code, address or listing id of the desired property.
Great investment opportunity in Benton Park West located a few blocks from all of the shops and restaurants on south Grand. Large 2,450 sq ft brick two family with spacious 5 room 2 bedroom units. These units are both on leases rented at $750 and $720 a month for a monthly total of $1,470 a month and $17,460 a year. Roof was replaced in 2015, newer 6 inch gutters, sewer lateral was replaced in 2014. Building features non functional fireplace, built in bookshelves, french doors, tile and carpet flooring, a covered front porch, 2 story back porch and parking pad in the backyard.
Paying buyers agents 2.7%
Search the MLS below using the city, postal code, address or listing id of the desired property.
Looking for a great turn key deal? This cozy home is perfect for an investor who wants a good cash flow single family house. Tenant has been in place for a year with no issues. Would make for a great rental to just hold and wait for the appreciation. Basement has been completely waterproofed (Sept ’19), newer water heater, newer floors in bedrooms and kitchen, completely new bathroom in 2019, Kitchen appliances to stay, and all new windows (Sept ’19). Roof has been repaired along with new gutters, roof flashing, and extensive tuckpointing all done. Property is sold as is. No showing without accepted contract due to tenants.
Paying buyers agents 2.50%
Search the MLS below using the city, postal code, address or listing id of the desired property.
Check out this nicely updated 2 bed 1 bath home in The Grove. Home features brand new kitchen with stainless steel appliances, new cabinets and counter-top. There is central air, PVC plumbing, new flooring, updated bathroom and fresh paint throughout, new water heater and main level washer dryer hookup. There is a large open basement that is clean and dry that could be used as additional living space if desired. There is a fenced backyard and patio area. Next door to new construction homes for $360k+ and multi-million dollar renovation of commercial building about to take place (see rendering of potential construction of building that just sold next door). Lots of high end development in the immediate area and prices will continue to appreciate- not many opportunities to purchase in this price range. Close to Forest Park, The Botanical Gardens, Barnes Jewish Hospital and all of the shops and restaurants on Manchester.
Paying buyer’s agents 2.7%
Search the MLS below using the city, postal code, address or listing id of the desired property.
