Double Lot Zoned B. in the Grove

Double lot 55×125 (27.5×125 & 27.5×125) located in The Grove. Zoned B. Two Family Residential. Perfect for Single Family Homes, Townhomes, or Two Family Buildings. New construction Single Family Homes and Townhomes sell from $450,000 to $500,000 on average.

Search The MLS

Search the MLS below using the city, postal code, address or listing id of the desired property.

Double Lot in the Grove

Double lot 50×125 (25×125 & 25×125) with garage structure located in The Grove. Zoned B Two Family Residential. Perfect for Single Family Homes, Townhomes, or Two Family Buildings. New construction Single Family Homes and Townhomes sell from $450,000 to $500,000 on average. Adjacent to numerous high end development projects including “Union At The Grove”.

Search The MLS

Search the MLS below using the city, postal code, address or listing id of the desired property.

Large Single Family in Dutchtown

Well maintained Dutchtown single family home available now. Great rental to add to your portfolio as the home is currently generating $1,200/month on a MTM lease – Section 8. Once a duplex, now a very LARGE single family. Property is to be sold in AS IS condition. No showings without an accepted contract please, do not disturb tenants.

Search The MLS

Search the MLS below using the city, postal code, address or listing id of the desired property.

19 Unit Value-Add Apartment Building

Opportunity to purchase a value add property located just a short walk to all of the shops and restaurants on S. Grand. Built in 1926 with seven 2-bed apartments, seven 1-bed apartments, 3 studios, and two commercial spaces. There are a number of renovation projects happening close by, with rents continuing to rise in the neighborhood. The commercial spaces are approximately 1,920 sq ft and 1,480 sq ft and would generate approximately $12 per sq ft. The building has been gutted and is ready for rehab. Permits have been previously approved for construction. Projected market rents after renovation are $1,200 for the 2 beds, $900 for the 1 beds, $695 for the studios. The commercial spaces have rent projections of $1,920 and $1,480, respectively. The building has a garage on the lower level for the tenants. There are building plans available to review at https://adobe.ly/40kXHu0. Property needs a full renovation and is being sold as-is.

 

 

Search The MLS

Search the MLS below using the city, postal code, address or listing id of the desired property.

Home Available Now in Glasgow Village

Well maintained 2 bedroom 1 bathroom home in Glasgow Village! Detached 1 car garage for your convenience and a beautiful fenced in backyard for entertainment. Finished basement could use some TLC, but can very easily be transformed into a great hangout spot or home office. Tons of natural light throughout the home! Ideal for an owner occupant or a great addition to any investors portfolio with the potential to generate $850-$900/month. Welcome home! *Front wheelchair ramp will be removed upon closing*

Search The MLS

Search the MLS below using the city, postal code, address or listing id of the desired property.

Unique Tower Grove East Four-Family

Unique four family is located in Tower Grove East one block from Tower Grove Park and a short walk to the restaurants on S. Grand. Massive 4,820 sq ft building built in 1908 has intricate brickwork, a stone front porch, a detached garage and off street parking in the rear and a fenced backyard with porches on the back. The 1,250 sq ft units have updated kitchens with dishwashers and room for eat in kitchen, updated baths, hardwood floors, updated vinyl windows, an area that is great for an in-home office. The systems are updated with updated electric panels, pvc plumbing stacks, there is a torched down roof, furnaces were replaced in the last 10 years and are in good condition. Three of the units are currently rented for $895, $860, $850. One unit has been recently vacated and would be ideal for owner occupancy. The rents for these apartments have potential to be raised substantially, 2 bedroom 1 bath apartments within 1/2 mile rent for $1,055-$1,750 depending on size and updates.

Search The MLS

Search the MLS below using the city, postal code, address or listing id of the desired property.

Historic Renovated Townhomes In The Grove

Fully renovated 2 family in the heart of The Grove featuring large 3 bed 2 bath townhome units. Historic renovations included updating with modern kitchens and baths, updated systems including 200amp electric service, new HVAC systems, updated plumbing, lateral replacement, roof replacement, tuckpointing, window replacement, refinishing original hardwood floors, etc. Buildings are 2,936 sq ft with units that are each approximately 1,468 sq ft. Unit 918 is rented month to month for $1,715 a month and 916 is leased through 6/30/22 at $1,645. There is the potential to raise rents- similar size apartments have rented from $1.950-$2,200 nearby recently. Expenses and maintenance costs are low, annual expenses are $5,041. The buildings are tax abated through 2027. There are two almost identical buildings on the block for sale so there is the potential to purchase all 3 buildings which are the only buildings on the block. The other addresses that can be purchased are 920-22, 924-26 Talmage.

Search The MLS

Search the MLS below using the city, postal code, address or listing id of the desired property.

Renovated Single Family Townhome

This updated 3 bedroom 2 bath townhome in The Grove features updated kitchen and baths, hardwood floors, vinyl windows, PVC plumbing. updated electric and a private fenced backyard. There are high ceilings in the basement which would make it easy to make into a finished basement. This 1,583 sq ft townhome was built in 2001. Located close to all of the action on Manchester.

Search The MLS

Search the MLS below using the city, postal code, address or listing id of the desired property.

Renovated Townhome Units In The Grove

Located in The Grove these 3 bed 2 bath townhomes underwent a historic renovation including updating with modern kitchens and baths, updated systems including 200amp electric service, new HVAC systems, updated plumbing including PVC plumbing stack, lateral replacement, roof replacement, tuckpointing, window replacement, refinishing original hardwood floors, etc. Building has great curb appeal and original fireplaces, in-unit laundry. Property has a two-car garage with a space for each unit. Unit 4307 is leased for $1700 through 12/31/21, unit 4309 is leased for $1775 through 10/31/21. There is the potential to raise rents- similar size apartments have rented from $1,950-$2,200 nearby recently. Expenses and maintenance costs are low, the building is tax abated through 2027 and the total expenses are $6,489 annually. Buildings can be purchased along with 916-18, 920-22, 924-26 Talmage.

Search The MLS

Search the MLS below using the city, postal code, address or listing id of the desired property.

Historic McKinley Heights 3-Story Home

  • This historic home built in 1884 was originally a two-family and has already been converted to a single-family.
  • This 3 story home has tons of character and potential, there are hardwood floors, massive rooms with high ceilings, beautiful original fireplaces.
  • The first two floors total 2,912 sq ft, there is a 3rd floor which is 705 sq ft with 400 sq ft on the 3rd floor having at least 7 ft of ceiling height that can be counted toward the sq ft for a total of 3,312 sq ft.
  • The total sq ft for the homes is 3,617 including the 3rd floor sq ft which is not 7ft in height.
  • There is a 5 car garage that had a fire and needs rehab. An inspector has inspected the garage and said it is salvageable and created a report which is available.
  • There is some updated plumbing and electric and some vinyl windows.
  • (11) 40 ft dumpsters and 4 large truckloads of items were removed from 4 levels of this home including the basement along with a full double lot and 5 car garage full of items. A shed was torn down and removed along with all yard overgrowth, security doors were added in front and back.
  • New TPO roof and gutters were just installed on the 3rd floor roof October 2021. The second floor roof is in overall good condition and was cleaned up and resealed October 2021.
  • The home is located on a double lot (125×50).
  • 50 ft wide lot is large enough to split off and build another house with a 25 ft lot, sell off the lot or keep it with the house.
  • Lots in 63104 have recently sold for $40,000-$120,000 depending on size and location. The estimated value of the double lot is approximately $45,000
  • This would be a great project for an owner-occupant who could take full advantage of the state and federal tax credits if living there for 5 years. An investor that wants to rehab the home and resell could still take advantage of the 25% state credits which can also be sold.

$595,000 Estimated After Repair Value*

$275,000 +/- Potential tax credit eligible renovation costs*

$85,000 Potential equity*

$123,750 in potential tax credits from $275,000 tax credit renovation with 45% of qualified state and federal renovation costs*

$218,750 The potential combination of after repair equity and tax credits*

*These are estimated approximate numbers that will depend on a number of factors including updates and finishes, market conditions, qualified tax credit renovation costs, etc.

Search The MLS

Search the MLS below using the city, postal code, address or listing id of the desired property.

Resources