Welcome to this turn-key investment opportunity! This fully-renovated, two-unit property is 100% occupied and cash flowing on day 1. The property is fully stabilized with two long-term tenants (5+ years and 3+ years) at rents of $805/month and $865/month with tenants paying utilities directly (units are individually metered). With lease roll-overs in January and August 2024, and market rents for similar units at $1,039/month for similar units, this property has significant upside potential via near-term rent increases (or owner-occupancy if you prefer – live in one unit, collect rent on the other). Additional upside potential is available via the lease-up of the on-site two-car garage.

Each 2BR/1BA unit is approximately 1,150 sq ft for a total of 2,300 sq ft of living area. Unit amenities include full kitchens (oven/stovetop, dishwasher, garbage disposal, and refrigerator), central HVAC, ceiling fans, hardwood floors, and private decks. Building amenities include a +/-1,150 sq ft basement, washer/dryer hookups, lockable storage closets available to tenants and/or the landlord, a fenced yard with locking gates, and a two-car garage.

The property was fully renovated in 2015 with new building systems and unit renovations. New building systems include: 200-amp electric panels, PVC stacks, lateral piping under the basement slab, water heaters, HVAC systems, separate utility meters, gas furnaces (2017), and roof (2018). Interior renovations include: reconfigured open-concept floor plans along with new fully equipped kitchens (appliances, sink/countertop, and cabinetry), bathrooms, windows, drywall/paint, and other interior finishes.

Located in the Gravois Park neighborhood, the property is within walking distance to area amenities including: shops and restaurants on S Grand Ave, the Cherokee St entertainment district, Schnucks grocery store, schools, parks, the St Louis Public Library, Gravois Park, and a variety of public transportation options.

Renovated 8 family for sale located in St. Louis County approximately a 15 minute drive to the airport and 20 minutes to downtown St. Louis and Clayton. The property has 2 four-family ranch style buildings consisting of 4 two bed units, and 4 one bed units.

• The two bedroom units rent from $800-$850 a month and the one bedrooms rent for $700.
• Fully rented this building would generate over $6,000 a month. 7 of the 8 units are rented with the last unit being left vacant to show.
• Renovation of the buildings included updates to the units including kitchens with appliances, updated baths, flooring, water heaters, furnaces, condensers, windows, interior and exterior electric service, etc.
• Priced to sell at $50,000 per unit, there are numerous nearby comparable multi-family buildings that have sold in the last year for $60,000 per unit or more.
• Average rent for 15 one bedroom apartments within 2 miles in the last year is $869.
• Average rent for 15 two bedroom apartments within 2 miles in the last year is $944.

View the virtual tour here: https://my.matterport.com/show/?m=ojGcoxKa3F1

Check out this beautiful and large four-family property with 3 successful medium-term rentals (with five-star reviews). The furnished apartments rent for $2,000, $1,800, and $1,800 for a total of $5,600 a month for the 3 apartments.

Located in the tree-lined and quiet neighborhood of Southwest Gardens, which is a short walk to the Botanical Gardens, Tower Grove Park, The Hill, and a short drive to Barnes or SLU Hospitals (making it very convenient for travel nurses and other medical professionals). Each unit has 2 bedrooms and one bathroom. The three furnished units are professionally updated throughout with high-end furnishings and offer tenants absolutely everything a tenant would need for their stay including Casper mattresses, blackout curtains, Internet TVs, fully stocked kitchens, etc. Each tenant also has their own dedicated laundry. All furnishings are included in the sale.

The tenants love having a second bedroom so they can travel in pairs or have visitors while they are away. There is also a fenced backyard in case they travel with a dog. The two upstairs units each have a porch. Off-street parking is also available behind the building. One unit is not furnished and will be made available for an owner-occupant. An investor could also make the last unit a medium-term rental or fill it with a long-term tenant.

There is a lot of demand for these apartments, they rent quickly when available and are easy to manage. If the non-furnished apartment was also rented as a furnished apartment at $1,800 the monthly income for the building would be $7,400 a month, which is $88,800 annualized. The average rent for an unfinished 2-bedroom apartment within a mile in the last 12 months is $1,439.

Well-maintained apartment complex located in the South Hampton neighborhood, across the street from Christy Park and a half mile from a $72M apartment development that has broken ground.

• The seller has just completed recently adding central heating in the apartments which will significantly reduce heating costs, will increase rent potential in the future, and adds value to the building.
• Built in 1928, this building has beautiful architectural detail including terrazzo floors in the common areas.
• There is a value-add component to the property with many rents below market. Nearby similar 1-bedroom apartments are renting for as much as $995.
• Owner has raised rents of some non updated units to $885 a month. 
• 9 apartments have been recently updated, with 1 unit has been partially updated. 
• The owner is now charging $40 to new tenants or renewal for internet. There are some units that have not been charged for internet yet.
• There is now additional income from the common laundry area in the basement. 
• Building has updated electric panels and exterior service. 
• Storage units are available for tenants, with the potential to add additional storage in the basement. 
• There is some pvc plumbing, pex plumbing is being added to renovated units.
• There are 3 commercial spaces rented on the first floor.
• Virtual walkthrough tours of two units are available here: https://bit.ly/3wXgsur & https://bit.ly/3wQaknR

Explore the potential of this promising 4-family property, featuring 1-bedroom, 1-bathroom units. Here’s what makes this property a compelling investment opportunity:

1. Steady Rental Income: Currently, three out of four units are occupied with dependable month-to-month leases, each generating $565 in rental income. This consistent cash flow provides a solid foundation for your investment.
2. Rent Growth / Market Insights: There is room to increase rents in the future, boosting your rental income as you make improvements to the property. According to Rentometer, nearby 1-bedroom apartments are currently commanding rents between $775 and $1,100, depending on the extent of updates.
3. 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.
4. Sold As-Is: The property will be sold as-is, allowing you to make renovation decisions that align with your investment strategy.

This brick 4-family property, boasting all 1-bedroom units and a total of 3,726 square feet, is brimming with untapped potential. Here’s what sets this property apart:

1. Ideal Location: This property is located in the Mt. Pleasant Neighborhood near Carondelet Park.
2. Investment Opportunity: With one of the four units already in excellent condition, commanding a monthly rent of $675, this property offers immediate income. After some updates, comparable units nearby rent for $800 which could result in an annualized potential income of $38,400.
3. Comparable Sales: Recent sales of neighboring 4-family properties have ranged from $255,000 to $365,000, 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.

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.