This huge duplex located in the rapidly developing Benton Park West neighborhood was converted from a 4-family making for very large units with 3 bedrooms and 2 bathrooms with approximately 1,800 square foot units. These well maintained units feature hardwood floors that are in good condition, carpeted bedrooms, decorative fireplaces (inoperable), central air, forced heat, and ceiling fans. The kitchens are spacious and include updated cabinets and dishwashers. One unit is rented at $850 a month through March 2019, the other unit is rented for $850 a month through September 2019. Apartments generate $1,700 a month and $20,400 a year.

Paying buyers agents 2.70%

Well maintained side by side 4 families with large 3 story 2 bed 1.5 bath townhome units featuring 1,000 sq ft above ground and an additional 500 sq ft of lower level finished space in the basement. Located in a quiet subdivision in the Hazelwood West school district these buildings are fully leased with gross rents of $6,880 a month with projected 2019 gross rental income of $80,083, projected expenses of $22,776 and a projected net income of $57,307 which is a 9% cap rate. The 2018 income was $75,210 with expenses of $20,231 with a net income of $54,979. There is plenty of potential with the ability to raise rents. The current rents range from $800- $925, if the rents in all of the units were raised to $925 the buildings would generate an additional $520 a month and $6,240 a year for a net income of $61,219 creating a 10% cap rate. There are apartments one block away with the same layout that rent for $1,100 a month with internet, etc included. These apartments are easy to rent with updated kitchens and baths, in unit laundry, off street parking with dedicated parking spot, newer windows throughout, newer roofs, some newer furnaces and condensers. There is a park with playground directly behind the buildings. Buildings to be sold together.

Paying buyers agents 2.0%

Located across the street from the new Chroma apartments, within walking distance to the Cortex, Wash U School Of Medicine, Barnes Hospital and all of the restaurants on Manchester. Building features 3 bed 2 full bath units that underwent a complete renovation. Features include beautiful exposed brick walls on the first and second floor, updated kitchens with islands, hardwood floors with an open living room & dining room, second floor laundry. Renovation included central air with HVAC replacement, updated PVC plumbing, updated electric. There is a fenced backyard, off-street parking with 4 parking spots. One unit is currently rented for $1,250 (previously rented for $1,325) and one unit is vacant with the projected rent at $1,600. Fully rented this building could gross $2,850 a month and $34,200 annually with expenses at $4,248, with a potential annual net income of $29,952. Similar size 3 bed 2 bath unit across the street rents for $3,000 a month. Can be purchased with 4125 Chouteau.

Paying buyers agents 2.5%

Located across the street from the new Chroma apartments, within walking distance to the Cortex, Wash U School Of Medicine, Barnes Hospital and all of the restaurants on Manchester. This architecturally significant building built in 1895 has 3 bed 2 full bath units. The building underwent a full renovation including updated kitchens with lots of cabinet space and updated bathrooms, central air with HVAC replacement, updated PVC plumbing, updated electric, and second floor laundry. There is a fenced backyard with off street parking in the rear of the building with 4 parking spots. One unit is currently rented for $1,315 a month and one unit is vacant with projected rent at $1,600. This building would be ideal for an owner occupant or investor. Fully rented this building could gross $2,915 a month and $34,980 annually with expenses at $5,112 with a potential annual net income of $29,868. Similar size 3 bed 2 bath unit across the street rents for $3,000 a month. Can be purchased with 925 Sarah.

Paying buyers agents 2.5%

Excellent opportunity for an investor or an owner occupant to own this well maintained side-by-side split-level duplex was built in 1977 has been recently renovated.  The building is 2749 sq. ft. located in the Mehlville School district in the Suson Park area. Each unit has 3 bedrooms and 2 full bathes with 2 car garages with openers, wood and ceramic flooring, in unit laundry, dishwashers and garbage disposal. There are updated kitchen and baths, private patios, French doors, 6 panel doors, thermal windows, ceiling fans, circuit breakers, new central air and forced heat, individual basements and backs up to common ground. The tenants pay all the utilities. Each unit was previously rented for $1150.

Taxes           $2518

Insurance   $1520

2.5% buyer’s commission

Excellent opportunity to purchase an updated turn-key four family in the Southampton neighborhood. Features include renovated eat-in kitchens with updated cabinets, newer appliances including dishwasher, microwave, fridge and garbage disposal. Units have updated baths, refinished hardwood floors with central air. The first floor units which rent for $700 have 4 rooms with bonus room including closet which could be used as a kids bedroom, office, storage or walk-in closet. The second floor units rent for $750, when fully rented the monthly gross income is $2,900 a month, $34,800 annually with expenses of $7,002 creating an annual net income of $27,798. Building has a decorative clay tile roof, new large parking pad in the rear of the building which fits 6 vehicles, newer condensers with cages, newer siding, newer furnaces, recently updated electric, updated PVC plumbing, separate storage for all units, washer dryer hookups for all tenants.

Paying buyers agents 2.7%

Opportunity to purchase a well maintained and updated four family in Tower Grove South neighborhood. This building features many updates like vinyl windows, updated electric, updated pvc stacks, some newer furnaces, ceramic tile in the bathrooms and kitchens. There are hardwood floors, an eat in kitchen and a large bonus room off of the kitchen that could be used as an additional bedroom or office. Units are rented for $500 with the potential to raise rents. There is a good sized fenced backyard where you could put a parking pad.

Paying buyer’s agents 2.7%

This three-family located in Richmond Heights is one block from Oak Knoll Park and has been very well maintained. The building features a large first floor two-bedroom unit with central air and hardwood floors, separate living room and dining room, large kitchen and private deck off the rear of the building. There are two true one bed apartments on the second floor with hardwood floors and a porch in back. Every tenant has their own parking spot in the three-car garage. The building has a two-year-old roof, almost all of the windows were replaced with vinyl windows, updated exterior meter box and electric panels, PVC plumbing, newer copper water lines, cedar storage units for the tenants in the basement. There are original wood doors and trim in good condition throughout the building. The first floor is currently rented for $900 with the rent being raised to $1,050 on 9/1/18 and $1,200 on 1/1/19. The second-floor units are rented under market rent at $700 and $640 (tenant paying $640 works on the property and cuts grass). Similar size one bed apartments in Richmond Heights rent for $700-$895. In January 2019 building will gross $2,540 a month and $30,480 annually with the ability to raise rents. This building would also be ideal for an owner occupant who could live in one unit and have the tenants pay the mortgage.

Paying buyers agents 2.5%

This is two, eight unit buildings, with a total of 16 two bedroom and 1 bath units. This is a rare find in the Pattonville School District. The building is located in a quiet residential neighborhood. The property has updated kitchen and bathes, ceramic flooring, central air, new electrical breaker boxes, nice floor plan, new windows and individual washer and dryer hook ups. Buildings have been well-maintained. Off-street parking lot. Centrally located with convenient access to shopping & dining, plus just a few minutes drive to I-270, I-70, and I-364 (Page extension).

Annualized Financial Summary…

Please inquire for more detailed financial information.

2.7% buyer’s agent commission.

Opportunity to rehab “The Martanna” an architecturally unique 6 family in the West End neighborhood. Located just a few blocks from the Washington University North Campus, The U City Loop and new Loop Trolley, approximately a mile from Forest Park, and a short distance to the Central West End.

The building is currently set up as six 1,100 sq ft units, it is possible to add two additional units in the basement as the 1st floor apartments are raised above ground and there are windows in the basement. There is plenty of space in the backyard to add off street parking.

Rent Comparables After Renovation in the Neighborhood:

• 1019 Skinker (loop lofts, approximately 4 blocks away) rents from $950-$1400
• 5572 Clemens 63112- 3 bed updated units rented for $895
• 5858 Cates 63112- 3 bed updated units rented for $1,150

Recent As-Is Six Family Sales Needing Renovation In 63112:

• • 5554 Delmar 63112 $395,000 (2/25/18)
  • 5901 Cates 63112 $295,000 (5/11/18)
  • 5909 Cates 63112 $225,000 (12/28/17)
  • 5804 Cates 63112 $219,900 (2/15/18)

Building needs full rehab, being sold as-is.
Paying buyers agents 2.7%