Located in the St. Louis Bevo neighborhood, this brick multi-family consists of 9 one-bedroom units, hardwood and ceramic flooring, thermal windows, ceiling fans, forced heat, and wall unit air conditioning. Rents are each $475, and the building is fully occupied. There are 6 attached garage spaces. Fuse and roof are 15+ years old. Common laundry area, and a storage unit for each tenant.
| Income | $50,700 |
| Taxes | $4,006 |
| Insurance | $4,140 |
| Sewer | $1,879 |
| Water | $1,028 |
| Gas | $562 |
| Electric | $437 |
| Repairs | $3,000 |
| Trash | $936 |
| Vacancy | $4,056 |
| Total | $20,044 |
| Net | $30,656 |
2.7% buyer’s agent commission
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Attractive 12 unit building with unique architectural finishes built in 1928 was recently renovated featuring 8 studios and 4 one bed units. Renovations included new soft close cabinets, quartz counter tops, new refrigerators, stoves. Renovated bathrooms, new exterior entry doors, refinished interior doors. High-efficiency LED lighting, modern ceiling fans in all living rooms and bedrooms, exterior safety and accent lighting. Custom-cut 2″ wood blinds, new shelving in all closets, refinished hardwood floors. Custom built storage space for tenant storage in basement, new double-hung, vinyl insulated windows. 2 ” copper main water service connection has been replaced. New commercial exterior meter bases, weather-head, and service drop. New 100 amp service panels, new light fixtures and electrical finishes. Previous owner installed torch down rubber roof.
Paying buyers’ agents 2.25%
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Property Details
Stunning 8 unit building built in 1928 with decorative clay tile roof, intricate brick and stone work with great curb appeal. Building is currently fully leased and fully leased grosses $6,835 a month, $82,020 annually. The building has 6 one bedroom units and 2 two bedroom units. Building was recently completely renovated including new soft close cabinets, white quartz counter tops in all kitchens, 4 piece stainless steel appliances. New exterior and interior doors, renovated bathrooms, modern ceiling fans, Ikea lighting. Custom-cut wood blinds, New shelving in all closets. Refinished hardwood floors, custom built storage space for tenants in basement. New PEX water and waste lines. New 2 ” copper main water service, exterior meter bases. All new 200 amp service panels, new light fixtures, new vinyl insulated windows. Rehab included insulated TPO roof, new gutters and down spouts. Two new decks were installed. Professionally landscaped
Paying buyers’ agents 2.25%
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Opportunity to rehab a massive 6 family in the DeBaliviere Place neighborhood located 1 block from the new loop trolley line, 5 blocks from the heart of the loop, 5 blocks from Forest Park and about 1 mile from Washington University and the Central West End. The building backs to the mansions on Washington Terrace and Kingsbury Place. The building is located across the street from the old St. Luke’s Hospital which is under contract–there are plans for a $90,000,000 conversion into apartments and office space.
The 13,776 SF building was built in 1913 as a 6 family with large 1,400+ SF units. The 1st floor units are above grade so it is possible to have 2 additional units added in the basement for a total of 8 units. Features include fireplaces and exterior porches. This building would also be ideal for a condo conversion.
Comparable 6-Family Sales:
– 5726 McPherson 63112- Sold 10/12/17 for $1,000,000. Located approximately .5 miles away. Units rented at $1,395.
– 6250 Clemens 63130- Sold 10/11/16 for $885,000. Located approximately 1 mile away. Units rented for $1,229.
– 5656 Waterman 63112- Sold 11/30/16 for $760,000. Needed updates and TLC, no central air. Located approximately .5 miles away.
This building is vacant & needs a full gut rehab. The property is being sold as-is, no disclosures to be provided.
Asking $325,000
Paying buyers agents 2.7%
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[mappress mapid=”226″]
This Tower Grove East mixed use building is a few blocks from Fox Park and Compton Heights, near Tower Grove Park. The 1st and 2nd floor are approximately 3,652 Sq ft with a 2300 sq ft basement totaling 5,954 sq ft. The 2nd floor is a large 2 bedroom residence with high ceilings, newer hardwood floors that have been recently replaced, newer cabinets, exposed brick, a wood burning stove and fireplace.
The first floor features two large rooms with high ceilings that lets in lots of light, there are many newer commercial windows that have been replaced. The space would be ideal for offices, retail, restaurant or coffee shop, a store, studio or could be converted into all multi family. There are two separate basements with separate basement access from the first and second floor.
The closest comparable sale sold across the street at 2857 Sidney 63104 on 7/31/17. It is a 4,670 sq ft mixed use building that was rented for $36,000 a year and sold for $282,500.
Property needs rehab. Property being sold as is.
Asking $149,000
Paying buyers agents 2.7%
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[mappress mapid=”225″]This well maintained North Hampton four family has great curb appeal and is currently fully rented. The building features hardwood floors, stain glass windows, french doors, rear enclosed porch for each tenant, two car garage and four furnaces that have been recently replaced. Other features include a pitched roof, updated PVC plumbing and updated electric. The units are leased for $550, $515, $475, $450, the apartments rented at $475 and $450 are to long term tenants under market rent. Each side of the two car garage are each rented for $75 a month for a total monthly rent of $2,140, $25,680 annually which provides great cash flow.
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[mappress mapid=”224″]
2 buildings, 1 parcel, 8 townhouse style 2 bed, 1 1/2 baths and walk-out basements, backs to woods. Each unit has thermal windows. Central air and forced heat, private decks, washer and dryer hook ups, refrigerators, dishwashers, stoves & garbage disposals, updated counter tops, some ceramic flooring. The roofs were put on in 2008 and 2013. Updated kitchen and baths. PVC plumbing and circuit breakers. Each unit is over 850 sq ft, with an additional 425 sq ft in the basement. The rents could be raised to $750/mo.
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Expenses:
Taxes -$3578
Insurance-$1370
Maintenance-$461
Water-$403
Sewer-$313
[mappress mapid=”219″]
Asking price is $235,000
Buyer’s agent commission 2.7%
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Opportunity to purchase a 2,500 square foot commercial building located in University City that is walking distance to The Loop. This building has two storefronts each with their own basements. There is a large parking lot attached to the building that has 20+ parking spots. The roof is approximately 2-3 years old, the building features solar panels which were installed at the same time as the roof which powers the electric to the building, the electric bill is only $25 a month. One tenant pays $1,100 a month and is month to month and the other tenant is paying $850 and is on a 3 year lease. Annual income for the building is $23,400 a year, owner paid monthly expenses total $5,676 a year for a net income of $17,724 which is a 10.1 % cap rate.
Paying buyers agents 2.7%
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This building was previously a hardware store and has unlimited potential- Multi family apartments, live/work, shop, warehouse, studio, office space, or retail. Located in the Central West End 1 block from Lindell, 2 blocks from St. Louis University, close to Washington University Medical School, The Cortex, St. Louis College Of Pharmacy, Forest Park. There are architectural plans to convert the building into 6 apartments along with commercial storage in the basement. Projected income for the 6 apartments and the storage once completed is $75,600 annually with a projected net income of $56,700. There is the potential for a second story to be added or it could also be a rooftop deck for the apartments. The building is 11,753 Square Feet on three levels- Main level and basement are 5,310 sq ft each with the top floor 1,133, needs full renovation. Features include three phase electric service, freight elevator & loading dock, steel & concrete construction, full span steel truss system that allows open floor plan and high ceilings. Building has two addresses 408 & 410 Sarah and could be split. There is currently street parking only but the architectural plans outline how parking spots could be added in the rear. Real estate taxes $2,605.
Price $239,000
Paying buyer’s agent 2.25%
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