Very well maintained all brick 4 family in desirable St. Louis Hills located a ½ block from Francis Park. These are all 1 bedroom and 1 bath units. There are hardwood floors, thermal windows, the roof is 3 months old, new hvac systems, updated plumbing and electric, poured concrete patio, updated kitchens and baths, 4 car parking pad in the rear of the property, individual washer/dryer hookups. All refrigerators and stoves are included in the sale, along with 2 sets of washer and dryers for tenant use. The current rents are $675, $595, $450 and $640. Excellent investment or a fantastic owner occupant opportunity!
Paying buyers agents 2.30%
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Opportunity to purchase a large well maintained 86 unit apt complex located on secluded 1.5-acre lot overlooking the Mississippi River. This 46,442 sq ft complex is comprised of 68 one-bed units, 17 two-bed units & one efficiency unit. The total gross inc for 2018 was $400,928 with net operating inc of $205,823 which is a 9% cap rate with the ability to raise rents and add value. 81 units were recently renovated and there have been significant recent capital improvements totaling $233k over the last few years including new HVAC, appliances, a new roof on the 20 unit building, porches, railings and staircases were replaced along with plumbing stacks, tuckpointing and a retaining wall. On-site management office, on-site laundry, large maintenance storage space, camera monitoring system. All-electric complex. 78 of the 86 units are rented, a 91% occupancy rate. Rare opportunity to purchase large profitable multi-fam complex with growth potential. Property mang co interested to stay on.
Paying buyers agents 2.00%
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Rare opportunity to purchase a 15,300 sq ft mixed use building in The Grove. A single family home directly behind it located at 4307 Hunt is also available to be purchased as a package. The building on Tower Grove can be purchased without the home on Hunt for $495,000. The home on Hunt can be included for $100,000. The home on Hunt is a 2 bedroom which is approximately 1,040 sq ft and is in move in condition but could also be torn down for an addition to the Tower Grove building and/or a parking lot or sold as a retail 2 bedroom 1 bath home.
Building is comprised of 10,200 sq ft of above ground space with a 5,100 sq ft basement, the top floor is currently five 1,000 sq ft two bedroom apartments with original architectural skylights. The first floor is 5,100 sq ft of commercial space with high ceilings, exposed brick walls and hardwood floors. The building is in need of a full and complete renovation.
There is redevelopment on all four sides of the property with the new Woodword Lofts directly to the south, new construction to the south east, new construction proposed across the street by the Missouri Foundation For Health. Directly to the north there is a new development proposed called Vista Place with a condominium collection of 4 single family homes with 2 lofts. There are new single family homes being built directly to the west.
Building could be potentially nominated to be a historic building which would allow federal and state tax credits, its across the street from a historic district. The property is located in an Opportunity Zone and is one of the last potential renovation projects connecting The Grove neighborhood to the Shaw neighborhood. The Tower Grove building can remain mixed use or has the potential to be converted to five 2,000 sq ft town-homes with private basements, or could be ten 1,000 sq ft 2 bedroom apartments. With rents for new updated 1,000 sq ft 2 bedroom apartments at $1,500 each the building has the potential for $15,000 a month and $180,000 in annual income.
Paying buyers agents 2.50%
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Recently renovated two family located in Tower Grove South that would be ideal for an owner occupant or investor. This building features large 1,000 sq ft + units with updated kitchens with new cabinets, appliances, counter tops and tile flooring. The bathrooms have also recently been updated with new tile bath surrounds, flooring, vanity and lighting. Units feature beautiful hardwood floors throughout, units have been freshly painted, there is new lighting and new blinds throughout. The building was recently tuck-pointed, there is a new deck on the rear of the building, the furnaces were recently replaced, the electric was recently updated, there is PVC plumbing and newer water heaters. There is a clean and dry basement with washer dryer hookups, off-street parking and garage.
Paying buyers agents 2.70%
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1,610 sq ft frame 2 family was one of the original farm houses in the area which is bordering Holly Hills neighborhood. The building is currently vacant, each unit is approximately 800 sq ft which needs rehab. If updated approximate rents for each unit would be around $750-$800 for a total of $1,500-$1600 a month and $18,000-$19,200 a year. This could also be converted to a single family home, similar sized homes within 1/4 mile have sold from $163,000 to $215,000.
Paying buyers agents 2.70%
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1,728 Sq ft brick two family bordering Princeton Heights and Holly Hills that was gutted to be converted to a single family. There is some framing completed along with some electric and plumbing. Similar sized single family homes within 1/4 mile have sold for $183,500, $199,900 and $240,000. This could also be left as a two family with rents around $800 per unit once updated.
Paying buyers agents 2.70%
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1,008 Sq ft 3 bedroom 1 bath single family home that was recently rented for $800 a month through section 8. There is a finished basement and the home is virtually rent ready. Located a few blocks from the Normandie Golf Club and less than a mile from University Of Missouri St. Louis.
Paying buyers agents 2.70%
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2,648 Sq ft brick two family located in Benton Park West two blocks north of Cherokee Street. The building is vacant and currently setup as two 1,300 2 bed 1 bath units. Building has a lot of original hardwood and character. Needs updating, the highest and best use would be to convert to a 4 bedroom 2 bath single family home. An almost identical building that was converted to a single family and renovated two doors down at 2918 Wyoming recently sold for $253,550. If left as a two family and updated these units could rent for $1,000+ a month for each unit.
Paying buyers agents 2.70%
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792 Sq ft 2 bed 1 bath single family home rented through section 8 for $680 a month. The tenant would like to stay. The home is in average condition. Located close to the Normandie Golf Club and a few blocks from University City.
Paying buyers agents 2.70%
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56 Unit apt complex located on 1.8 acres across the street from Home Heights Park and minutes from downtown Clayton and the airport. Comprised of 10 brick buildings with pitched roofs & plenty of parking for the tenants. 24 two-bed & 32 one-bed apts. From August 2018 to July 2019 the property generated $363,261 with a net income of $230,129. Current occupancy is at 98%. There have been updates to many of the units including updated kitchen cabinets, flooring, double pane windows, etc. Other recent capital improvements include emergency fire escapes, welding, and PVC plumbing stack replacement.
Paying buyers agents 2.00%
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