Explore the potential of this 4-family property, featuring 1-bedroom, 1-bathroom units. Here’s what makes this building stand out:

1. Ideal Location: Nestled near Tower Grove Park, this property boasts a prime location in South City, offering a strong rental demand.
2. Renovation Progress: Three of the four units have already seen updates or are in the process of renovation in 2022, along with updated HVAC systems. Recent improvements include a new roof installation, as well as the replacement of some doors and windows.
3. Rental Income Potential: Currently, one unit is occupied at $650 per month, with the remaining three units vacant. With additional updates and work, there is potential to annualize $34,800 in rental income.
4. Package Deal Opportunity: This property can be purchased individually or as part of a larger portfolio of other four-family properties in South City. Inquire for additional information on portfolio options.
5. Sold As-Is: The property will be sold as-is, allowing you to make renovation decisions that align with your investment strategy.

Opportunity to purchase a renovated 4-family a short walk to Forest Park, Barnes Jewish Hospital, The Cortex, Washington University Medical School, Siteman Cancer Center, and Children’s Hospital.

• Building features updated kitchens with stainless steel appliances including dishwasher, in unit laundry.
• The bathrooms have been updated with modern finishes.
• The building has central heating and air conditioning, a 2 story deck, a fenced backyard, and off street parking.
• The building has a PVC plumbing stack, PEX plumbing, the lateral was replaced, and there is updated electricity and furnaces.
• There is private storage in the basement for each of the tenants.
• The building is comprised of 2 one bed units and 2 efficiency units.
• One unit has been left vacant to show, and for a potential owner occupant.
• The units are currently rented under market rent for $995, $945, 910 a month.
• The average rent of 30 similarly sized 1-bedroom apartments rented within a mile in the last year is $1,557 a month.

Take the virtual tour: https://my.matterport.com/show/?m=cp7HFqUtDtk

Opportunity to purchase 3 connected townhomes located in The Grove in close proximity to Forest Park, Barnes Jewish Medical Complex, Washington University School Of Medicine, St. Louis University, Cortex, The Central West End, Botanical Gardens, and Tower Grove Park.

• This historic building was built with great architectural detail in 1894. Total sq. footage over 4,400 square feet with 3 beds, 2 baths in each Townhome.
• Two units are occupied and one unit is available for a potential owner-occupant.
• The average rent of 9 similar apartments within 1 mile in the last year is $2,377. If all apartments were rented at the average rent of $2,377 the monthly income would be $7,131 a month and $85,572 annually.
• All units have been updated and feature open kitchens with modern cabinets and stainless steel appliances.
• There is a bedroom and full bathroom on the first floor, with two bedrooms, a bathroom, and a living area on the second floor.
• The building has three separate basements with updated systems.

Take the virtual tour: https://my.matterport.com/show/?m=FitJ2xhMXaM

A rare chance to purchase a two-family in a quiet neighborhood on almost 1/3 acre. 3 blocks from Lindenwood University, near the new Schnucks and the St. Charles Historic District.

• A new roof was just installed, the building was just painted, and the vacant unit was just made rent-ready.
• The building has 2 bed, 1 bath units featuring central air conditioning, in-unit full-size washer and dryer hookup.
• The average rent for a 2 bedroom apartment within 2 miles in the last year is $1,141 with the average rent of $1.41 per sq. ft., with apartments renting for $1,105, $1,250, $1,396, $1,500 depending on size and updates.
• One unit left vacant to show and the other unit is occupied month to month by a 12-year tenant below market rent at $850.
• Units are individually metered with tenants paying water, sewer, gas, and electric bills keeping expenses low.

Investment Highlights

• This is a turn-key investment property with recent property improvements.
• All units were updated in 2020 to include:
  • In-unit laundry, modern kitchens with updated cabinets, stainless steel appliances
    (range, dishwasher, refrigerator, microwave), new flooring, lighting, and fans.
  • Bathrooms are updated with new vanities, toilets, flooring, and shower
    systems.
  • 3 units with mini-split heating and cooling. The other 2 units have HVAC.
  • The electric panels and water heaters were also updated when renovated.

Location Highlights

• Located in the desirable 63139 Zip Code.
• Walkable to The Hill, Clifton Heights Park, Sublette Park, and several bars and restaurants.
• Easy access to I-44, Watson, and Hampton.
• Private off-street parking pad for residents.

This four-family is 3,400 sq. feet with large 1 bedroom units. Three out of the four units are updated. This building would be great for an owner-occupant or investor. There is potential to raise rents in these buildings with rents for 1-beds in the area renting from $750-1000. Ideal to purchase with 4418 Michigan next door to have 8 units in one location with the ability to obtain residential financing for each. The property is adjacent to Mt Pleasant Park. Property to be sold as is.

Welcome to this four-family building with 2 bedroom units great for an investor or owner-occupant. The building is 3,400 square feet with units that are approximately 800 square feet. Two units are more updated than the two units with legacy tenants. There is potential to raise rents in the future with additional updates. There are 2 bedroom apartments nearby that rent from $850-$1200. The building sits next door to 4422 Michigan which is also for sale. Located one door down from Mt Pleasant Park. Property to be sold as is.

This 4-family is over 4,000 sq. feet with 1,000 sq. feet, 2-bedroom units. The building has updated systems, storage for tenants in the basement, and washer/dryer hookups for the tenants. Three out of the four units have been updated. There is the potential to raise rents in the future with 2-bedroom apartments renting for as much as $1,200 nearby. The building sits across from Marquette Park with a swimming pool, playground, and tennis courts. Can be purchased with 4422 Michigan and 4418 Michigan, for a total of 3 buildings with 12 total units—property to be sold as is.

Great 2-Family would make a great owner-occupant or investment property with one 2-bedroom and one 3-bedroom unit. This property is located in the desirable Princeton Heights neighborhood. It is close to parks, shopping, restaurants, and other activities. The units have large rooms, nice eat-in kitchens, balconies, central air, 2 car detached garage, PVC plumbing stack, circuit breakers, a clean dry basement with washer and dryer hookups, ceiling fans, ceramic and vinyl plank flooring. Both units are currently vacant but ready to be rented, similar units in the area rent between $1100 and $1300.

Opportunity to purchase a renovated 4 family in The Grove, one of the most vibrant and desirable neighborhoods in St. Louis. Located within walking distance to Forest Park, Barnes-Jewish Hospital, Washington University Medical School, The Cortex, The Botanical Gardens.

Building underwent renovation including kitchens with granite countertops, updated cabinets, and appliances. Two units have in unit laundry. Each apartment has two-bedroom units. All systems were updated during the renovation including HVAC, electricity, PVC plumbing stacks. Roof was replaced in 2019. A bathroom was just updated with modern updates and shower. There is off-street parking and a fenced backyard with a deck in the back.

Apartments are rented under market rent. There are three units rented at $1,195, $1,295 and $900. Two-bedroom apartments rent for as much as $1,350-$1,900 nearby with an average rent of $1,521 within a mile in the last 12 months. Seller is a licensee in the state of Missouri.

Take the virtual tour: https://my.matterport.com/show/?m=cmLHKjPXkVL