Opportunity to purchase two multi-family buildings located in St. Charles!

• St. Charles, the fastest-growing county in Missouri, has experienced rapid rent growth, with continued growth predicted in the future.
• These buildings are close to historic Main Street St. Charles, a few blocks away from Blanchette Park, which features a large aquatic center, tennis courts, and baseball fields. The location also offers easy access to the Blanchette Bridge and Katy Trail.
• These properties have individual tax parcels but are being sold together for a total of 14 units.
• One building is an 8-family, and the other is a 6-family, with all units featuring 1-bedroom and 1-bathroom layouts. Both buildings were built in 1965.
• The building size for both buildings is 6,440 square feet, and the total lot size across both parcels is 0.361 acres.
• Some unit and building upgrades have been completed in recent years.
• There is great potential to increase rent significantly both as-is and with additional updates.
• There are currently 4 vacancies, with a 5th unit scheduled to be vacant at the end of July.
• With future updates to the units, including modern flooring, lighting, stainless steel appliances, kitchen cabinets, countertops, bathrooms, and in-unit laundry, rent could potentially be increased by 20%-35%.
• Estimated upgrades to the units could range from $15,000-$20,000 per unit, depending on the level of finish and upgrades. Please consult with a professional for actual bids for the completion of renovations.
• With units potentially renting at $995 after updates, the building would generate $13,930 a month, which is $167,160 annualized.
• There are 26 parking spots available for tenants.
• There is an open grassy area on the property that could be made into an enclosed dog park.
• These properties are located in a flood plain.
• A virtual tour of unit 2229 is available here: https://bit.ly/45MXns2

This brick four-family is situated in the desirable Tower Grove Park South neighborhood, located less than 3/4 of a mile from the iconic Tower Grove Park.

• All units feature comfortable 888-square-foot, 1-bedroom, 1-bathroom layouts.
• Built in 1929, the building offers a total of 3,552 square feet of living space.
• The property sits on a generous lot spanning 4,619 square feet.
• Here is a link to a Google Drive folder for this property with disclosures, rental verification, leases, and other supplemental documents: https://bit.ly/3JDyDIb
• Additional property photos can be found here: https://bit.ly/3xXIN3U
• A video tour of the property is available here: https://youtu.be/GSt_26H1jOI
• A virtual tour of unit 4159 is available here: https://bit.ly/49SUwOF

This brick 4-family is located in Clayton, Missouri, less than half a mile from Forest Park and just two doors down from Henry Wright Park on Alamo Avenue.

• Three of the four units are currently rented with room to increase rents as-is, or much further with additional property upgrades.
• All units are 2-bedroom, 1-bathroom.
• Washers and dryers are available for tenant use in the basement.
• Two units have central heating and central air conditioning. The other two units have radiator heat and AC window units.
• One unit (2W) was given ~$60k renovation with new paint throughout, stainless steel appliances in an all new kitchen, upgraded bathrooms, floors refinished, central heat and central air added, and in-unit washer and dryer added.
• Unit 2W has signed lease for $1,795/month starting July 1st, 2024 and can be viewed prior to that date.
• The building is a total of 4,396 square feet; ~1,099sf per unit
• Located in Saint Louis County within the highly desirable Clayton school district.
• Virtual tour of newly renovated unit 2W: https://bit.ly/4aNs0iA
• Additional property photos: https://bit.ly/49X7dI4
• Video tour of unit 1W: https://youtu.be/5AYeBX3WL8g
• Link to a Google Drive folder for this property with disclosures, rental verification, leases, and other supplemental documents: https://bit.ly/44jQXzD

This charming 4-family property is located in the sought-after Princeton Heights neighborhood, near both Carondelet Park and Francis Park. Situated near two parks, this property offers a desirable location with easy access to outdoor recreational activities for tenants.

Built in 1925, the building boasts 2,970 square feet of living space on a 5,714 square foot lot. The building had a full roof replacement in 2021.

The units are designed in a shotgun style, featuring 1-bedroom, 1-bathroom layouts. These apartments are all currently vacant, offering the perfect opportunity to begin updates to the property if desired.

The apartments could potentially rent for $872 as-is with a make-ready. With updates, there is the potential to increase rents to $995 or more depending on updates. Similarly sized 1-bedroom apartments within a mile and a half radius have an average rent of $872.

This four family on Kemper is located in the Southwest Garden neighborhood, less than a quarter of a mile from Tower Grove Park. This property is part of a six property portfolio that can be purchased individually or together, including four 4 families on Kemper.

Built in 1942, the building spans 2,760 square feet. Each unit features 1 bedroom, 1 bathroom, with hardwood floors, and tile in the bathrooms.

This building is not currently updated, providing an opportunity for creating equity and higher rents with updates. The electric panels are updated and there is off street parking. One of the four units has HVAC. The building has hardwood flooring, laundry facilities, and storage units in the basement.

Similar sized 1-bedroom apartments average rent within a mile radius is $998. Two apartments have been left vacant for showings and potential updates.

This four-family property on Kemper is located in the Southwest Garden neighborhood, less than a quarter of a mile from Tower Grove Park. This property is part of a six property portfolio that can be purchased individually or together, including four 4 families on Kemper.

Built in 1942, the building boasts 2,760 square feet of living space, with off-street parking in the rear. The building is fully occupied, with 1-bedroom, 1-bathroom units updated just four years ago.

Updates include modern bathrooms featuring sliding glass doors, tile, and vanities, vinyl windows, and new flooring in the kitchens. The building has updated electric, central heating and cooling, hardwood flooring, laundry facilities, and storage units in the basement. A full roof replacement was done in 2019.

There is potential to increase rents in the future, with similar-sized 1-bedroom apartments within a mile radius averaging rents at $1,010.

This four-family property on Kemper Avenue is located in Southwest Garden, less than a quarter of a mile from Tower Grove Park. This property is part of a six property portfolio that can be purchased individually or together, including four 4 families on Kemper. Built in 1943, the building comprises 2,760 square feet with off-street parking. All units feature 1-beds and 1-baths.

The property has been recently updated with modern bathrooms featuring sliding glass doors, tile, and vanities, vinyl windows, and new flooring in the kitchens. The building has some updated electric and plumbing, central heating and cooling with 8-9 year old HVAC systems, hardwood flooring, laundry facilities, and storage units in the basement. A full roof replacement was done in 2021.

There is potential to increase rents with similar-sized 1-bedroom apartments within a mile radius average rents at $1,010. Three units have recently been rented, with one unit left vacant for showings.

This four-family property on Kemper Avenue in Southwest Garden is located less than a quarter mile from Tower Grove Park. This property is part of a six property portfolio that can be purchased individually or together, including four 4 families on Kemper. Built in 1942, the building features 1-bedroom, 1-bathroom units, 2,760 square feet, with off-street parking.

The property has recently been updated with modern bathrooms featuring sliding glass doors, tile, and vanities, vinyl windows, and new flooring in the kitchens. The building has central heating and cooling, a 3-4 year old roof, and almost all new plumbing and electrical systems. Additionally, the building has hardwood flooring, laundry facilities, and storage units in the basement.

There is potential to increase rents with similar sized 1-bedroom apartments within a mile radius averaging rents at $1,010. Three apartments were recently leased, with one apartment left vacant for showings.

This well-maintained 6-family property is ideally situated in the desirable Tower Grove South neighborhood, just two blocks from Tower Grove Park. With its proximity to the Park, the property offers residents easy access to outdoor recreational activities, including Food Truck Fridays and the Farmer’s Market.

This 7,392 square feet building was built in 1909 and renovated approximately 12 years ago. The building had a full TPO roof replacement in 2019.

The building is fully occupied, each unit features approximately 900 square feet with 2 beds and 1 bath. Rents for 2 units were recently raised to $1,200 a month, with the another 3 units due for a rent increase in the future.

Similar-sized 2-bedroom apartments within a mile radius have average rent of $1,319. The closest comparable sale is a 6-family that sold at 3721 McDonald 63116. The 5,508-square-foot 6-family sold for $975,000 with 1-bedroom units renting at $1,100.