Property Highlights
The Building & Systems
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This mixed-use building presents a prime opportunity for an investor or developer to transform a blank slate into a high-performing asset in the heart of South City. Priced at $365,000, the property has undergone significant improvements, including a large new deck and a three-car garage, but still requires plumbing, electrical updates, drywall, and finishing touches to reach its full potential. Notably, six units are already gutted and framed, making it well on its way to becoming a fully functional six-unit apartment building.
The building currently features three apartments on the upper level and three commercial spaces on the main level, which are ideal for conversion into additional apartments. Additionally, a large, open, unfinished attic offers even more potential for creative development. Located in a vibrant and rapidly redeveloping area, the property is surrounded by sought-after neighborhoods like Tower Grove East, Fox Park, and Benton Park West, all experiencing substantial revitalization. Its prime South City location provides easy access to public transportation, major thoroughfares, highways, and downtown St. Louis. Residents will enjoy proximity to a wealth of neighborhood shops, restaurants, and bars, adding to the area’s appeal.
With strong rental demand, 1-bedroom, 1-bath apartments in the area rent for over $1,000 per month. Comparable multi-family properties sell for over $100,000 per unit, underscoring the value and income-generating potential of this property. Whether you are an experienced developer or a savvy investor, 2648 Gravois offers a rare chance to create a high-demand residential asset in one of St. Louis’ most promising areas. Don’t miss this opportunity to capitalize on the growth and vibrancy of South City!
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Property Highlights:
Prime Location:
Located in The Grove, one of St. Louis’ most vibrant and growing neighborhoods, this property offers a rare opportunity to capitalize on the area’s ongoing revitalization. Surrounded by popular bars, restaurants, nightlife, major hospitals, SLU, Forest Park, and with convenient highway access.
Potential Uses:
Perfect for investors, developers, or owner-occupants seeking a strategic income-producing asset. Potential uses include offices, an event venue, a restaurant, conversion to multi family. Townhomes could be built on the vacant portion of the property or have off street parking.
Virtual Tour of the Building: https://my.matterport.com/show/?m=D6HABGVFRCk&mls=1
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This well-maintained apartment complex, built in 1989, features 10 buildings, including six four-family buildings, one triplex, and three duplexes. The property offers a total of 33 units, consisting of three 4-bedroom units, 24 3-bedroom units, and six 2-bedroom units. Each unit is all-electric with central air, thermal windows, and newer roofs.
Conveniently located near Highway 44 in a quiet cul-de-sac, the complex provides a peaceful living environment. Tenants are responsible for their own electric, water, and sewer utilities.
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14-unit building featuring 10 two-bedroom units and 4 one-bedroom units.
This property is an excellent income-generating investment opportunity. Located within the Festus city limits, it is conveniently within walking distance of a school and a daycare next door.
The building includes coin-operated washers and dryers, private storage units for each tenant in the basement, and an office with a bathroom for added functionality.
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This turnkey property features two buildings with a total of 24 units, located in a peaceful rural setting. The complex includes 12 one-bedroom units and 12 two-bedroom units, all equipped with central air and thermal windows. Residents enjoy the convenience of on-site coin-operated laundry, public sewer, and 36 parking spaces. The property fosters a strong sense of community with its playground, picnic area, and outdoor bonfire space. The roof and siding, both well-maintained, were updated 15 years ago.
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This 24-unit apartment complex, built in 1986, has been meticulously cared for over the years. It consists of two buildings featuring a total of 16 two-bedroom units and 8 one-bedroom units. Each apartment is equipped with baseboard heating and window air conditioning, providing reliable and efficient comfort for tenants.
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Versatile Apartment Portfolio in a Great Location in Park Hills, Missouri
This well-maintained apartment complex consists of 49 units spread across 10 buildings, offering a variety of layouts to attract a broad tenant base.
The portfolio includes:
Addresses in the portfolio include 101, 105, 107, 109, and 113 Swan Drive; 101, 103, and 105 Pelican Drive; and 1008 and 1010 Jane Drive.
This property provides an excellent opportunity to expand or diversify your investment portfolio with a mix of unit sizes and configurations to meet tenant demand.
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4500 square foot six-unit apartment building in the heart of St Charles. Located just across from the post office and St. Joseph Hospital! There are 2 two-bedroom units, 3 one-bedroom units, and one efficiency that is being used for storage. Updated electric, forced heat, central air, and plenty of parking!
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This 49-unit portfolio comprises ten well-maintained brick buildings with pitched roofs, offering a mix of 1- and 2-bedroom units across two prime locations. Approximately 50% of the units have been updated within the past seven years, ensuring modern comforts for tenants. This property promises long-term appeal and low-maintenance ownership with central air in every unit, on-site storage rentals, off-street parking, and recently updated roofs (2015–2020).
You can explore the opportunity to add three additional basement units, increasing both income and value.
This portfolio offers a turnkey investment with consistent income, modern updates, and expansion potential in a desirable market. Don’t miss out on this rare opportunity to own a high-performing property!
Rozier Street Breakdown
Units 7–18
Units 19–25
Units 1–6
Portis Street Breakdown
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