Check out this well-maintained two family located in University City, within walking distance of Washington University, Lewis Park, and the Heman Park Pool. 

• There is the potential to add value to this property with cosmetic updates to the kitchens and baths.
• The 2,576 SF building is comprised of two bedroom units that are each approximately 1,250 SF. 
• The average rents of 13 two bedroom apartments within 1.5 miles in the last year is $1,778.
• The building features hardwood floors, fireplaces in each unit, a large living room and dining room, central air conditioning, and radiant heating with one of the boilers being recently replaced.
• A new AC was installed for the upper level in 2023.
• There is a PVC plumbing stack and the lateral has been replaced. 
• There is an enclosed porch on the back of each apartment, storage units for the tenants, and laundry hookups in the basement. 
• The tuckpointing is in great shape, and there is a brick two car garage in the rear of the property. 
• There is a long term month-to-month tenant in the first floor unit, and the second floor is vacant. 
• Sales comparables range from $300k-$758k in 63130 zip code depending on size and updates.
• A virtual tour of the upstairs unit is available here: https://bit.ly/7118_2F

Fully updated 8-unit apartment building in the historic Tower Grove East neighborhood.

• Located just 1.5 miles from Tower Grove Park and all the amenities South Grand has to offer.
• The building is surrounded by popular neighborhood restaurants and coffee shops for tenants to enjoy.
• Built in 1927, this brick building has a total square footage of 6,400 on a 6,288 square foot lot (0.144 acres). This property is priced to sell at $102 per square foot.
• Each 1-bedroom, 1-bathroom unit boasts 750 square feet of modern living space.
• All units were completely renovated in 2021 with granite countertops, stainless steel appliances (including gas stoves, refrigerators, microwaves, and dishwashers), in-unit washers and dryers, and keyless locks throughout.
• Major property upgrades in 2021 include new condensers, PVC plumbing, sewer laterals, and a TPO roof.
• There is potential to increase rent as-is. Using an estimated pro forma rent amount of $1,024 per month, a fully-occupied building would generate $8,192 per month, or $98,304 annually. The pro forma rent amount is based on 33 1-bedroom apartment rentals seen within 1 mile of the property in the last year, according to Rentometer.com.
• A virtual tour of one of the units is available here: https://bit.ly/2906_2W

Paying buyers agent 2%

Opportunity to purchase two multi-family buildings located in St. Charles!

• St. Charles, the fastest-growing county in Missouri, has experienced rapid rent growth, with continued growth predicted in the future.
• These buildings are close to historic Main Street St. Charles, a few blocks away from Blanchette Park, which features a large aquatic center, tennis courts, and baseball fields. The location also offers easy access to the Blanchette Bridge and Katy Trail.
• These properties have individual tax parcels but are being sold together for a total of 14 units.
• One building is an 8-family, and the other is a 6-family, with all units featuring 1-bedroom and 1-bathroom layouts. Both buildings were built in 1965.
• The building size for both buildings is 6,440 square feet, and the total lot size across both parcels is 0.361 acres.
• Some unit and building upgrades have been completed in recent years.
• There is great potential to increase rent significantly both as-is and with additional updates.
• There are currently 4 vacancies, with a 5th unit scheduled to be vacant at the end of July.
• With future updates to the units, including modern flooring, lighting, stainless steel appliances, kitchen cabinets, countertops, bathrooms, and in-unit laundry, rent could potentially be increased by 20%-35%.
• Estimated upgrades to the units could range from $15,000-$20,000 per unit, depending on the level of finish and upgrades. Please consult with a professional for actual bids for the completion of renovations.
• With units potentially renting at $995 after updates, the building would generate $13,930 a month, which is $167,160 annualized.
• There are 26 parking spots available for tenants.
• There is an open grassy area on the property that could be made into an enclosed dog park.
• These properties are located in a flood plain.
• A virtual tour of unit 2229 is available here: https://bit.ly/45MXns2

This brick four-family is situated in the desirable Tower Grove Park South neighborhood, located less than 3/4 of a mile from the iconic Tower Grove Park.

• All units feature comfortable 888-square-foot, 1-bedroom, 1-bathroom layouts.
• Built in 1929, the building offers a total of 3,552 square feet of living space.
• The property sits on a generous lot spanning 4,619 square feet.
• Here is a link to a Google Drive folder for this property with disclosures, rental verification, leases, and other supplemental documents: https://bit.ly/3JDyDIb
• Additional property photos can be found here: https://bit.ly/3xXIN3U
• A video tour of the property is available here: https://youtu.be/GSt_26H1jOI
• A virtual tour of unit 4159 is available here: https://bit.ly/49SUwOF