Well-maintained fully-occupied 22-pad mobile home park on approximately 5.7 acres in a great suburban location surrounded by single-family homes and lots of green space. New public sewer system has recently been installed. The water is also public. Each pad rent is $365 a month. Low operating costs. An umbrella policy covers the insurance required. All tenants are on leases. Also included is a large three-bay garage and a large storage shed. The Park is well kept and mobile homes are in good condition. There is an adjacent 4 family building and mobile homes that could be sold with this property.
Paying buyer’s agents 2.3%
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Opportunity to rehab a massive 6 family in the DeBaliviere Place neighborhood located 1 block from the new loop trolley line, 5 blocks from the heart of the loop, 5 blocks from Forest Park and about 1 mile from Washington University and the Central West End. The building backs to the mansions on Washington Terrace and Kingsbury Place. The building is located across the street from the old St. Luke’s Hospital which is under contract–there are plans for a $90,000,000 conversion into apartments and office space.
The 13,776 SF building was built in 1913 as a 6 family with large 1,400+ SF units. The 1st floor units are above grade so it is possible to have 2 additional units added in the basement for a total of 8 units. Features include fireplaces and exterior porches. This building would also be ideal for a condo conversion.
Comparable 6-Family Sales:
– 5726 McPherson 63112- Sold 10/12/17 for $1,000,000. Located approximately .5 miles away. Units rented at $1,395.
– 6250 Clemens 63130- Sold 10/11/16 for $885,000. Located approximately 1 mile away. Units rented for $1,229.
– 5656 Waterman 63112- Sold 11/30/16 for $760,000. Needed updates and TLC, no central air. Located approximately .5 miles away.
This building is vacant & needs a full gut rehab. The property is being sold as-is, no disclosures to be provided.
Asking $325,000
Paying buyers agents 2.7%
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