Kemper Avenue 4-Family with Updates

This four-family property on Kemper Avenue is located in Southwest Garden, less than a quarter of a mile from Tower Grove Park. This property is part of a six property portfolio that can be purchased individually or together, including four 4 families on Kemper. Built in 1943, the building comprises 2,760 square feet with off-street parking. All units feature 1-beds and 1-baths.

The property has been recently updated with modern bathrooms featuring sliding glass doors, tile, and vanities, vinyl windows, and new flooring in the kitchens. The building has some updated electric and plumbing, central heating and cooling with 8-9 year old HVAC systems, hardwood flooring, laundry facilities, and storage units in the basement. A full roof replacement was done in 2021.

There is potential to increase rents with similar-sized 1-bedroom apartments within a mile radius average rents at $1,010. Three units have recently been rented, with one unit left vacant for showings.

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Updated 4-Family in Southwest Gardens

This four-family property on Kemper Avenue in Southwest Garden is located less than a quarter mile from Tower Grove Park. This property is part of a six property portfolio that can be purchased individually or together, including four 4 families on Kemper. Built in 1942, the building features 1-bedroom, 1-bathroom units, 2,760 square feet, with off-street parking.

The property has recently been updated with modern bathrooms featuring sliding glass doors, tile, and vanities, vinyl windows, and new flooring in the kitchens. The building has central heating and cooling, a 3-4 year old roof, and almost all new plumbing and electrical systems. Additionally, the building has hardwood flooring, laundry facilities, and storage units in the basement.

There is potential to increase rents with similar sized 1-bedroom apartments within a mile radius averaging rents at $1,010. Three apartments were recently leased, with one apartment left vacant for showings.

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Well-Maintained 6-Family in Tower Grove South

This well-maintained 6-family property is ideally situated in the desirable Tower Grove South neighborhood, just two blocks from Tower Grove Park. With its proximity to the Park, the property offers residents easy access to outdoor recreational activities, including Food Truck Fridays and the Farmer’s Market.

This 7,392 square feet building was built in 1909 and renovated approximately 12 years ago. The building had a full TPO roof replacement in 2019.

The building is fully occupied, each unit features approximately 900 square feet with 2 beds and 1 bath. Rents for 2 units were recently raised to $1,200 a month, with the another 3 units due for a rent increase in the future.

Similar-sized 2-bedroom apartments within a mile radius have average rent of $1,319. The closest comparable sale is a 6-family that sold at 3721 McDonald 63116. The 5,508-square-foot 6-family sold for $975,000 with 1-bedroom units renting at $1,100.

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Newly Rehabbed 4-Family in Princeton Heights

This 4-family in the Princeton Heights neighborhood has been beautifully rehabbed.

It offers an excellent owner-occupant or investment opportunity with an 8.5% cap rate.

Unit renovations for each unit features:

  • In-unit washer and dryers
  • 2 bedrooms and 1 bathroom layouts with a bonus area/workspace
  • Hardwood floors
  • Stained glass windows
  • White shaker cabinets
  • Stainless steel appliances
  • Dishwashers
  • All-new kitchens and baths
  • All-new PEX water pipes
  • New PVC waste pipes
  • New 1.5″ water service
  • New sewer lateral
  • New 100 amp electrical panels
  • 2-car detached garage
  • New HVAC systems
  • New water heaters

Unit 5537 (first floor right side) is vacant for an owner/occupant. The other units are rented for $1,375, $1,425, and $1,425.

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Well-Maintained 4-Family in Marine Villa

Great opportunity for an investor or owner-occupant to purchase this well-maintained 4-family building.

All units are 1 bedroom and 1 bathroom, with approximately 750 square feet of living space. There is potential to raise rents in this building, with rent for 1-bedrooms in the area going for $750-$975.

Some new stainless steel appliances, 3 new water heaters, 2 new electric panels, and 2 new furnace/AC units.

The property is located in Marine Villa, just a few blocks from the popular Cherokee St. Property is to be sold as-is.

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16 Lots in a Private Gated Development

Opportunity to purchase 16 lots in a private gated development in the DeBaliviere Place neighborhood overlooking the mansions on Washington Terrace. The lots are located near the Central West End approximately 5 blocks from Forest Park.

  • Each of the lots is zoned E. for multi-family residential and would be ideal for luxury townhomes, which have already been approved by the city of St. Louis.
  • These lots are fully developed with new utility connections for water, sewer, and electric, as well as newer streets and gated access.
  • The surrounding area is currently undergoing a lot of redevelopment activity. There are four brand new townhomes currently under construction within the development.
  • Similar individual lots without utilities in the surrounding area have sold in the range of $60,000 to $100,000.
  • Potential list prices for the completed townhomes could range from $350,000 to $490,000 depending on size, finishes, and upgrades based on similar-sized townhome sales nearby.

Paying buyers agents 2.7%

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Newly Updated, Brick Four-Family

This newly updated, brick 4-family building is conveniently located less than a quarter of a mile from Gravois Park and less than a mile away from Tower Grove Park. Recent updates include a new deck, roof, gutters, HVAC systems, and all-new electric panels, as well as new kitchens and bathrooms, some flooring. The property offers two 2-bedroom, 1-bathroom units and two 1-bedroom, 1-bathroom units, with three of the four units currently occupied. Contact the owner/agent for a showing.

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Rehab Project with Great Income Potential

Discover a unique investment opportunity with this 2-story, 4-family brick building, presenting an ideal project for real estate investors looking to capitalize on rehab potential. While 2 units currently have significant water damage, this property promises a high upside for income, with projected rents ranging from $950 to $1,100 per unit/month post-rehab. Each unit offers the canvas for transformation into a high-demand rental.

Sold as-is, this project is perfect for those ready to invest sweat equity to force appreciation and unlock exceptional returns. Seize the chance to revitalize and reap the rewards of this promising investment. Ideal for visionaries aiming to expand their portfolio and maximize earnings through strategic renovation.

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Income Producing Duplex Near Gravois Park

Nice income producing duplex with townhome style units in Gravois Park area! Each of these units have 3 bedrooms and 1 bathroom with nice hardwood floors and central air. Built in 1903, the duplex has a total building size of 3,234 square feet, situated on a 5,363 square foot lot.

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Tesson Hills Apartments

20-unit apartment complex with all brick exterior entrances and a 22-unit storage building available now!

  • Unit Mix: The complex includes 14 two-bedroom units and 6 one-bedroom units.
  • Storage Building: The 90 x 30 storage building, currently used by the owner, offers various unit sizes and presents an additional income opportunity once rented out.
  • Amenities and Utilities: Common laundry facility available for tenant use. Each unit is equipped with all-electric appliances and includes 2+ parking spaces. Tenants are responsible for electricity and water expenses.
  • Convenient Location: Situated on the corner of Old Hwy 21 and Konert/Lonedell, just 1 mile from Hwy 141, providing quick access to South County, Arnold, and Gravois Bluffs.

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