Renovated Four-Family in the Grove

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, and restaurants and bars on Manchester. Building underwent renovation including kitchens with granite countertops, updated cabinets, and appliances. One unit has in unit laundry. Each apartment has two-bedroom units. One unit will be available for a potential owner-occupant. All systems were updated during the renovation including HVAC, electricity, PVC plumbing stacks. There is off-street parking and fenced backyard with a deck in the back. Apartments are rented under market rent. Two-bedroom apartments rent from $1,350-$1,900 nearby with average rent of $1,521 within a mile in the last 12 months. Can be purchased with 4 family at 4341 Swan next door. Seller is a licensee in the state of Missouri.

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Mobile Home Park With Value Add Opportunity

Looking for a great investment property?? This mobile home park sits right off of St. Joe Dr, one of the busiest roads in Park Hills and is less than a mile from Park Hills-Central Middle School. With easy access to the main road, this property has unlimited potential to become a popular spot for anyone looking to reside in a mobile home that is centrally located. There are currently 7 mobile homes on the lot (4 owned by current owner which are included in sale price) and 2-3 available pads depending on the size of the mobile home. Out of the 7 homes, 4 currenty have tenants who recently renewed leases and 3 are vacant. The vacant homes need a light rehab to bring the interior up to date but nothing major. This is a great opportunity for someone who wants to start a real estate investment portfolio or add to an already existing portfolio. Call listing agent for appointments.

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Opportunity To Purchase Historic Mixed-Use At Laclede’s Landing

Building Location

This historic brick building is located at Laclede’s Landing in Saint Louis, MO.
It is steps from the renovated arch grounds, Eads Bridge, Metrolink Station, Four Seasons Hotel, Lumiere Casino, the Mississippi River and the recently re-built Leanor K. Sullivan Blvd with new bike lanes and pedestrian space. The location is a 5-min walk (1-min on Metrolink) to downtown’s loft district and convention center and a 10-min walk (3-min on Metrolink) to Busch Stadium.

Building History

In 1875, the Buck Stove & Range Co. began manufacturing at this site. In 1906, the metal polishers went on strike for a nine-hour workday. BS&R obtained an injunction, broke the boycott, and later filed a contempt claim with the United States Supreme Court. The case, Gompers V. Buck Stove and Range Co. (221 U.S. 418), was dismissed May 15, 1911. The First Street Ironworks Building was the location of the last Laclede’s Landing machine shop and stands as one of the area’s most historically accurate renovations.

Street Level Tenant: 1st & 2nd Floors – 7,260 SF:

Turn-key, two-story restaurant ideal for BBQ, Brunch, Burger and Pizza concepts. Most recently utilized as an Axe Throwing Bar, the space can also be utilized as an event and/or creative space.
1st floor includes 400 sq ft. Separable Storefront with various potential uses: Coffee, Donuts, Cupcakes, Souvenirs; Ice-cream; Funnel Cakes, etc.
1st floor is fully furnished with 18 tables (72 seats), a bar (10 seats), a stage, a men’s bathroom (1 toilet and 2 urinals) and a woman’s bathroom (3 toilets).
1st floor has a front patio section that can accommodate an additional 48 seats.
2nd floor is fully furnished with 15 tables (60 seats), a bar (6 seats), 4 pool tables (usable as dining/brunch with tabletops: 24 seats), a men’s bathroom (1 toilet) and a woman’s bathroom (1 toilet).
Total seating capacity is 220 and maximum capacity is 236.
Turn-key kitchen with a $30,000 hood.
The 1s floor front patio/sidewalk is ideal for several large BBQ smokers.

Lower Level Tenant: 2 Lower Levels – 6,188 SF:

Beautiful stone-wall space featuring a mezzanine overlooking a lower level. Most recently used as a music/dance venue, the space is also ideal for bierhall, wine cellar, event space and performing arts concepts.
The space has separate entrances from the front and back of the building.
Mezzanine level is partial, overlooking the stage and the 1st level, with 10 booths (40 seats) a bar (10 seats) and 5 tables (20 seats).
Lower level includes an elevated stage, a bar (12 seats) and an open floor usable for dancing or or tables (additional 40 seats), a men’s bathroom (2 toilets and 2 urinals) and a woman’s bathroom (4 toilets).
Lower level also includes two 100 sq ft. walk-in coolers.
Total seating capacity is 122 and maximum capacity is 136.

3rd Floor Tenant – 3,630 SF:

Huge top floor, loft-style apartment overlooking the Arch Grounds, the Mississippi River, and the Eads Bridge.
The space features two full bathrooms, an open-floor plan kitchen & common area and two huge bedrooms with seven beds.

Links:

Paying buyers agent 1.5%

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Cash-Flowing 4 Family in Wentzville, MO

Rare opportunity to own a turn-key, cash-flowing 4 family in the heart of Wentzville.

Tenants love these spacious 1,020 sqft town-homes.

The first floor consists of a living room, spacious eat-in kitchen, powder room and a private deck overlooking Holt High School.

The second floor features 3 bedrooms and 1 full bath.

Each unit has a private, walk-out basement with w/d hookup.

Monthly rents are $5,590 ($67,080 annualized).

All utilities paid by tenants. Newer 50 year roof.

Each town-home is individually parceled and the buyer could potentially sell the units individually to owner-occupants in the future.

Great location minutes from shopping and dining on Wentzville Pkwy and downtown Wentzville.

Don’t miss out, these types of properties do not come on the market often!

100% occupied.

Please do not disturb tenants.

Open House Sunday 2/19 12:00pm – 2:00pm.

Requesting offers by Tuesday 2/21 12:00pm; Review by Tuesday 2/21 6:00pm

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16-Unit Apartment Complex in Tower Grove East Neighborhood

This 16-unit apartment complex located in The Tower Grove East neighborhood has recently been updated.

It is made up of 14 one bedroom and 2 two bedroom units
Has key-card entry
A lawn sprinkler system
Each unit has their own energy-efficient (hotel style) HVAC system
Lots of closet space
New flooring, windows, kitchens and bathrooms
Updated electric
Updated PVC and PEX plumbing
Motion detector lighting in all hallways
Infrared security camera system
Coin operated laundry
EPDM roof with only one seam on the entire building

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Four-Family in Kingsway West Neighborhood

Four-family is available in the Kingsway West neighborhood near the Central West End!

Each unit has 2 bedrooms and 1 bathroom.

There is potential for a value add component from raising the rents.

All units were beautifully updated in 2020 with vinyl plank flooring throughout, tile in the bathrooms, and there is new electric (2021), and new plumbing (2020).

This property would be an ideal addition to any investor’s portfolio or an owner occupant.

When fully rented and everyone is paying, this is priced at a 15.6% CAP Rate.