Dutchtown Four-Family Ready for Renovations

This building has been demoed and now stands as a blank canvas ready for your vision. This unique opportunity holds tremendous potential for those looking to shape the future of this property. Here’s why this property is worth your attention:

  1. Ideal Location: The building is located in Dutchtown near St. Mary’s High School, just a short drive to Tower Grove Park, St. Louis University, and Downtown St. Louis.
  2. Creative Freedom: With the building cleared and prepared for redevelopment, you have the creative freedom to transform it according to your vision and investment strategy.
  3. Promising Upside: The property offers substantial upside potential, with nearby four-family properties fetching prices as high as $380,000. This demonstrates a strong market demand in the area.
  4. Rental Potential: In the vicinity, the average rent for 1-bedroom units is $720, with some 1-bedroom units renting for as much as $899. According to Rentometer, nearby one-bedroom apartments are currently renting for $675 to $850, depending on their level of updates.
  5. 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.
  6. Sold As-Is: The property will be sold as-is, allowing you to make renovation decisions that align with your investment strategy.

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Blank Canvas Four-Family with Great Income Potential

This 4-family brick property, featuring all 1-bedroom units and encompassing 3,400 square feet, is a goldmine of opportunity. Here’s why this property stands out:

  1. Ideal Location: Located just south of the Tower Grove South neighborhood, the property is about 1 mile from Tower Grove Park and near the Botanical Gardens, St. Louis University Hospital, and St. Louis University Medical School.
  2. Blank Canvas: All units are currently vacant, offering a blank canvas for immediate updates, making it an ideal investment opportunity for those seeking a value-add investment property.
  3. Rental Potential: With updates, similar units nearby are renting for $725 per month, which can be annualized to $34,800. This presents great potential for rental income.
  4. Comparable Sales: Recent sales of neighboring 4-family properties have reached $375,000 and $435,000, showcasing the promising market potential in the area.
  5. 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.
  6. Sold As-Is: The property will be sold as-is, allowing you to make renovation decisions that align with your investment strategy.

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Value-Add Property South of Anheuser-Busch

This brick 4-family property, featuring all 1-bedroom units and spanning 3,190 square feet, is a great opportunity waiting for the right investor. Here’s why this property stands out:

  1. Ideal Location: This property is located just south of the iconic Anheuser-Busch Brewery and Downtown St. Louis.
  2. Prime Investment: With some updates already in place, this property offers tremendous value-add potential. Basic updates throughout could push rental income to match the average rent comparables nearby, currently at $720 per month, annualizing at $34,560.
  3. Comparable Sales: Recent sales of nearby 4-family properties have ranged from $250,000 to $370,000, depending on size and updates. This reflects promising market potential.
  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.

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Spacious Four-Family With Some Updates

This 5,100 sq-ft 4-family property boasts spacious 2-bedroom, 1-bathroom units. Here’s why this investment deserves your attention:

  1. Recent Updates: Two units have recently undergone renovations, enhancing their appeal to tenants and reducing immediate renovation expenses. A new roof was installed in 2021.
  2. Steady Rental Income: Three out of four units are currently occupied, providing a reliable source of income. Rents are currently $725, $565 (month-to-month lease), and $725, ensuring consistent cash flow.
  3. Market Insights: According to Rentometer, nearby 2-bedroom apartments command rents ranging from $825 to $1,550, depending on the extent of updates.
  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. An inspection report is available upon request.

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Value Add South Grand Four-Family

Discover a new investment opportunity with this 3,996 square foot four-family property, ideally situated directly across the street from St. Mary’s High School. This value-add property offers the potential for substantial returns. Here’s what makes it special:

  1. Prime Location: Located just steps away from St. Mary’s High School, this property enjoys a convenient location in the heart of the community.
  2. Income Potential: Currently, two units are occupied with a month-to-month lease, generating $495 in rental income. This presents an immediate revenue stream, and there is potential to increase this rent with additional updates.
  3. Vacant Units: Two units are vacant, offering an opportunity for customization and rent optimization. One of these vacant units may require some finishing touches, while the others are ready for a full update to maximize rental income.
  4. Rental Market Insights: According to Rentometer, nearby one-bedroom apartments are currently renting for $675 to $850, depending on their level of updates. This data underscores the potential for increased rental income once the units are renovated.
  5. 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.
  6. Sold As-Is: The property will be sold as-is, allowing you to make renovation decisions that align with your investment strategy.

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Multi-Family Near Tower Grove Park

This value-add 4-family near Tower Grove Park is a great opportunity waiting for the right investor. Here’s why this property stands out:

  1. Ideal Location: Located near Tower Grove Park, this property boasts a prime location in South City, offering a strong rental demand.
  2. Recent Renovations: One vacant unit has already undergone renovation, and the HVAC systems were updated, while the roof was partially replaced where needed in 2022.
  3. Rental Income: Presently, three units are tenant-occupied, generating monthly rents of $725, $465, and $465. With further updates and improvements, there’s the potential to annualize $34,800 in rental income, maximizing your return on investment.
  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.

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Dutchtown Four-Family With Value-Add Potential

Explore this value-add property near Tower Grove Park. Here’s why this building is a standout opportunity:

  1. Ideal Location: Located near Tower Grove Park, this property boasts a prime location in South City, offering a strong rental demand.
  2. Renovation Progress: Two of the three vacant units have been in the process of updating since 2022, including updated HVAC systems.
  3. Rental Income: Presently, one unit is tenant-occupied, generating $465 per month. The remaining three units are vacant, offering the potential for increased rental income. With further updates and improvements, there’s the potential to annualize $34,800 in rental income, maximizing your return on investment.
  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.

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Value Add Four-Family Near Tower Grove Park

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.

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Renovated 4-Family in The Grove

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

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3 Connected Townhomes in The Grove

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

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