This recently renovated four family is located within walking distance to Washington University, Forest Park and The Loop. Renovation included all new kitchens with open floor plan, high end cabinets, granite counter tops and stainless steel appliances. All units have all new updated baths, new flooring throughout the units, all new windows with lifetime warranty, all new updated electric including ext electric service, pvc plumbing stacks, central air. Units feature in unit laundry, there is a large detached four car brick garage and decorative clay tile roof. There are two 2 bed 2 bath units and two 2 bed 1 bath units that were all recently rented to Washington University grad students for $1,295, $1,295, $1,295 and $1,195. The units were not leased at ideal times for students but leases expire at ideal times, rents could be raised to $1,395 for the 2 bed 2 baths and $1,295 for the 2 bed 1 baths when the leases expire. Similar size units next door previously rented for $1,400. Half of garage currently rented for $150/month, two spaces available to rent.

Paying buyers agents 2.0%

Completely renovated four family for sale a short walk to Benton Park, Cherokee Park, The Anheuser-Busch Brewery and antique row on Cherokee Street. Renovation included all kitchens with soft close maple cabinets, above and under cabinet lighting, stainless steel appliances including stoves, refrigerators, dishwashers, microwaves, and garbage disposals. All kitchens have extended island countertops for seating in all units, units have built in desks. There was a bonus room added to one of the first floor apartments which is 15×10 making the total building square footage approximately 3,650 sq ft. All furnaces and condensers with secured cages were replaced, all electric, plumbing, both flat roofs were replaced, all of the bathrooms were renovated. Windows with transferable lifetime warranty were replaced throughout, units have large walk in closets with pantries, can lighting, there is a backyard privacy fence with locked gates and spot lights, two units with decks, gutters were replaced, basement is clean and dry with lighting in the stairwells. There are glass block windows in basement, washer dryer hookups, all four chimneys were tuck-pointed, there are partitioned alarm systems for all tenants. All units are almost identical. The building is fully rented for $3,510 a month and $42,120 a year with expenses at $7,790 for an annual net income of $34,330. Units are rented approximately 20% under market rent, units rent out within a few days. Would be ideal for an investor looking for a turn key investment or an owner occupant who could live in one unit and have the tenants pay the mortgage.

Rent Breakdown…..
3331 (1st floor):$865 (lease expires 2/28/19)
3333 (1st floor with bonus room): $865 (lease expires 2/28/19)
3331A (2nd floor): $880 (lease expires 8/31/19)
3333A (2nd floor): $900 (lease expires 6/30/19)
Monthly Gross Rent: $3,510
Annual Gross Rents: $42,120

Expense Breakdown…..
– Trash/ Sewer $64.27/month
– Water $16.65/month
– Lawn Care $120/month
– Alarm $117.38/month
– Property taxes $80/month
– Insurance $125/month
-Maintenance And Repairs $125/month
Total Monthly Expenses: $649
Total Annual Expenses: $7,790

Annual Net Income: $34,330
Cap Rate: 7.3%

Paying buyers agent 2.7%

This fully rented Fox Park two family is located just minutes from Lafayette Park and downtown. Building underwent renovation and features 2 bedroom units that are each almost 1,400 square feet with hardwood floors, updated kitchens, baths. Other features include a newer parking pad in the rear of the building, a fenced backyard, updated electric, updated PVC plumbing stack, pex plumbing lines, newer furnaces, newer condenser, there is a partially finished basement with washer dryer hookups in the basement for each tenant. Each unit is rented for $800 a month for a total income of $1,600 a month and $19,200 annually.

Paying buyers agents 2.7%

This huge duplex located in the rapidly developing Benton Park West neighborhood was converted from a 4-family making for very large units with 3 bedrooms and 2 bathrooms with approximately 1,800 square foot units. These well maintained units feature hardwood floors that are in good condition, carpeted bedrooms, decorative fireplaces (inoperable), central air, forced heat, and ceiling fans. The kitchens are spacious and include updated cabinets and dishwashers. One unit is rented at $850 a month through March 2019, the other unit is rented for $850 a month through September 2019. Apartments generate $1,700 a month and $20,400 a year.

Paying buyers agents 2.70%

Well maintained side by side 4 families with large 3 story 2 bed 1.5 bath townhome units featuring 1,000 sq ft above ground and an additional 500 sq ft of lower level finished space in the basement. Located in a quiet subdivision in the Hazelwood West school district these buildings are fully leased with gross rents of $6,880 a month with projected 2019 gross rental income of $80,083, projected expenses of $22,776 and a projected net income of $57,307 which is a 9% cap rate. The 2018 income was $75,210 with expenses of $20,231 with a net income of $54,979. There is plenty of potential with the ability to raise rents. The current rents range from $800- $925, if the rents in all of the units were raised to $925 the buildings would generate an additional $520 a month and $6,240 a year for a net income of $61,219 creating a 10% cap rate. There are apartments one block away with the same layout that rent for $1,100 a month with internet, etc included. These apartments are easy to rent with updated kitchens and baths, in unit laundry, off street parking with dedicated parking spot, newer windows throughout, newer roofs, some newer furnaces and condensers. There is a park with playground directly behind the buildings. Buildings to be sold together.

Paying buyers agents 2.0%

Located across the street from the new Chroma apartments, within walking distance to the Cortex, Wash U School Of Medicine, Barnes Hospital and all of the restaurants on Manchester. Building features 3 bed 2 full bath units that underwent a complete renovation. Features include beautiful exposed brick walls on the first and second floor, updated kitchens with islands, hardwood floors with an open living room & dining room, second floor laundry. Renovation included central air with HVAC replacement, updated PVC plumbing, updated electric. There is a fenced backyard, off-street parking with 4 parking spots. One unit is currently rented for $1,250 (previously rented for $1,325) and one unit is vacant with the projected rent at $1,600. Fully rented this building could gross $2,850 a month and $34,200 annually with expenses at $4,248, with a potential annual net income of $29,952. Similar size 3 bed 2 bath unit across the street rents for $3,000 a month. Can be purchased with 4125 Chouteau.

Paying buyers agents 2.5%

Located across the street from the new Chroma apartments, within walking distance to the Cortex, Wash U School Of Medicine, Barnes Hospital and all of the restaurants on Manchester. This architecturally significant building built in 1895 has 3 bed 2 full bath units. The building underwent a full renovation including updated kitchens with lots of cabinet space and updated bathrooms, central air with HVAC replacement, updated PVC plumbing, updated electric, and second floor laundry. There is a fenced backyard with off street parking in the rear of the building with 4 parking spots. One unit is currently rented for $1,315 a month and one unit is vacant with projected rent at $1,600. This building would be ideal for an owner occupant or investor. Fully rented this building could gross $2,915 a month and $34,980 annually with expenses at $5,112 with a potential annual net income of $29,868. Similar size 3 bed 2 bath unit across the street rents for $3,000 a month. Can be purchased with 925 Sarah.

Paying buyers agents 2.5%

Excellent opportunity for an investor or an owner occupant to own this well maintained side-by-side split-level duplex was built in 1977 has been recently renovated.  The building is 2749 sq. ft. located in the Mehlville School district in the Suson Park area. Each unit has 3 bedrooms and 2 full bathes with 2 car garages with openers, wood and ceramic flooring, in unit laundry, dishwashers and garbage disposal. There are updated kitchen and baths, private patios, French doors, 6 panel doors, thermal windows, ceiling fans, circuit breakers, new central air and forced heat, individual basements and backs up to common ground. The tenants pay all the utilities. Each unit was previously rented for $1150.

Taxes           $2518

Insurance   $1520

2.5% buyer’s commission

Excellent opportunity to purchase an updated turn-key four family in the Southampton neighborhood. Features include renovated eat-in kitchens with updated cabinets, newer appliances including dishwasher, microwave, fridge and garbage disposal. Units have updated baths, refinished hardwood floors with central air. The first floor units which rent for $700 have 4 rooms with bonus room including closet which could be used as a kids bedroom, office, storage or walk-in closet. The second floor units rent for $750, when fully rented the monthly gross income is $2,900 a month, $34,800 annually with expenses of $7,002 creating an annual net income of $27,798. Building has a decorative clay tile roof, new large parking pad in the rear of the building which fits 6 vehicles, newer condensers with cages, newer siding, newer furnaces, recently updated electric, updated PVC plumbing, separate storage for all units, washer dryer hookups for all tenants.

Paying buyers agents 2.7%