This two family is located one block from Forest Park and walking distance to Barnes-Jewish Hospital, Washington University Medical School, the Central West End and of the restaurants and nightlife on Manchester. The building built in 1898 has been completely restored and features two bedroom units with updated kitchens with granite counter-tops, dishwashers, central air, in unit laundry for each unit and off street parking. The electric, PVC plumbing, HVAC were updated when restored. Each unit is rented for $1,150 a month for a total of $2,300 a month. 2017 income was $23,728 with expenses at $4,698 with a net income of $19,029. One lease is through May of 2018 and the other lease is through June of 2018. This property is ideal for an owner occupant who can live in one unit and have the tenant pay the mortgage.
Buyers Agent Commission 2.7%
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Built in 1907 this beautiful three bedroom two and a half bath 2,208 square foot single family home has been completely restored. Located one block from Forest Park and walking distance to Barnes-Jewish Hospital, Washington University Medical School, the Central West End and of the restaurants and nightlife on Manchester. Features include updated kitchen with stainless steel appliances, central air, built in bookcases, hardwood floors, with a two story deck on the back of the home. The electric, PVC plumbing, HVAC were updated when restored. This home is leased through July of 2018 for $2,100 a month and would be ideal for an owner occupant.
Buyers Agent Commission: 2.7%
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Built in 1896 and located in McKinley Heights within walking distance to Lafayette Park, Fox Park and Soulard. The building is a three story four family that is 5,310 sq ft with two 3 bed units and two 1 bed units. The building needs rehab and the highest and best use is to convert to two townhomes. The two townhomes would each be 2,655 SqFt with 4 beds and 2 baths.
Comparable Townhome sales:
1829 Allen Ave St. Louis, MO 63104
3 Bed 3 Bath 2,007 SqFt.
Price: $235,900 – $117 Per SqFt.
725 Shenandoah Ave. St. Louis MO 63104
3 Bed 3 Bath 2,144 SqFt.
Price: $236,000 – $110 Per Sq Ft.
2270 S. Jefferson St. Louis, MO 63104
3 bed 3 bath 2,200 SqFt.
Price: $244,900 – $114 Per SqFt.
2042 Geyer St. Louis, MO 63104
3 Bed 3 Bath 2,032 SqFt.
Price: $251,000 – $122 Per SqFt.
At $110 per SqFt (which is the lowest price per SqFt of any of the comparable townhome sales) the after repair value would be $292,050 for each townhome with a total after repair value of $584,100.
At $100 per SqFt which is considerably lower than any of the sales the after repair value is $265,000 for each townhome with a total after repair value of $530,000.
If kept as a 4 family after updating the 3 bed units would rent for approximately $1,100 and the 1 bed units for $625 for a total of $3,450 a month and $41,400 a year. With expenses estimated at $1,000 a month the building would net $29,400 a year after expenses.
Paying Buyers Agents: 2.7%
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This West End home is located just two blocks from the new Loop trolley line, 4 blocks from the Loop and 6 blocks from Forest Park on a quiet street with cul de sac and new construction single family homes on the block, there is a new currently a new home being built. Home is 3 beds and 2 baths with over 1200 sq ft and was recently occupied, would be ideal for a cosmetic rehab and would also not take much to make it rent-able. Washington University is offering employees a $7,500 credit for purchasing a home in the neighborhood. Features include hardwood floors, a skylight in the bathroom, updated electric panel, PVC plumbing, newer furnace, a large open poured concrete basement that could easily be finished, a fenced front and backyard. Walk-able to the MetroLink. Property sold as-is.
Paying 2.7% to Buyer’s Agents
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This two family located in Southwest Gardens overlooks the Botanical Gardens and is a short walk to Tower Grove Park. This building has been updated and meticulously maintained featuring a newly renovated kitchen with new cabinets, granite counter-tops and stainless steel appliances. Building features two bedroom units with updated bathrooms, central air, refinished hardwood floors, stain glass windows, a sun room in the rear of the building for each unit and a front porch for the first and second floor unit where you can hear the concerts at the Botanical Gardens in the summer time. Other features include a patio in the backyard, a 2 car garage, all new interior plumbing including PVC sewer lateral, 3 year old roof, 13 seer A/C units, many new thermopane windows, the building has been tuck-pointed, there is new siding on the rear porch. The first floor was recently rented for $1,040 before kitchen updates and is now vacant and would be perfect for an owner occupant. The second floor is leased for two years at $1,020 a month for 2018 and $1,045 for 2019.
Paying buyer’s agents 2.7%
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Located in the St. Louis Bevo neighborhood, this brick multi-family consists of 9 one-bedroom units, hardwood and ceramic flooring, thermal windows, ceiling fans, forced heat, and wall unit air conditioning. Rents are each $475, and the building is fully occupied. There are 6 attached garage spaces. Fuse and roof are 15+ years old. Common laundry area, and a storage unit for each tenant.
| Income | $50,700 |
| Taxes | $4,006 |
| Insurance | $4,140 |
| Sewer | $1,879 |
| Water | $1,028 |
| Gas | $562 |
| Electric | $437 |
| Repairs | $3,000 |
| Trash | $936 |
| Vacancy | $4,056 |
| Total | $20,044 |
| Net | $30,656 |
2.7% buyer’s agent commission
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Attractive 12 unit building with unique architectural finishes built in 1928 was recently renovated featuring 8 studios and 4 one bed units. Renovations included new soft close cabinets, quartz counter tops, new refrigerators, stoves. Renovated bathrooms, new exterior entry doors, refinished interior doors. High-efficiency LED lighting, modern ceiling fans in all living rooms and bedrooms, exterior safety and accent lighting. Custom-cut 2″ wood blinds, new shelving in all closets, refinished hardwood floors. Custom built storage space for tenant storage in basement, new double-hung, vinyl insulated windows. 2 ” copper main water service connection has been replaced. New commercial exterior meter bases, weather-head, and service drop. New 100 amp service panels, new light fixtures and electrical finishes. Previous owner installed torch down rubber roof.
Paying buyers’ agents 2.25%
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Property Details
Stunning 8 unit building built in 1928 with decorative clay tile roof, intricate brick and stone work with great curb appeal. Building is currently fully leased and fully leased grosses $6,835 a month, $82,020 annually. The building has 6 one bedroom units and 2 two bedroom units. Building was recently completely renovated including new soft close cabinets, white quartz counter tops in all kitchens, 4 piece stainless steel appliances. New exterior and interior doors, renovated bathrooms, modern ceiling fans, Ikea lighting. Custom-cut wood blinds, New shelving in all closets. Refinished hardwood floors, custom built storage space for tenants in basement. New PEX water and waste lines. New 2 ” copper main water service, exterior meter bases. All new 200 amp service panels, new light fixtures, new vinyl insulated windows. Rehab included insulated TPO roof, new gutters and down spouts. Two new decks were installed. Professionally landscaped
Paying buyers’ agents 2.25%
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[mappress mapid=”226″]
This Tower Grove East mixed use building is a few blocks from Fox Park and Compton Heights, near Tower Grove Park. The 1st and 2nd floor are approximately 3,652 Sq ft with a 2300 sq ft basement totaling 5,954 sq ft. The 2nd floor is a large 2 bedroom residence with high ceilings, newer hardwood floors that have been recently replaced, newer cabinets, exposed brick, a wood burning stove and fireplace.
The first floor features two large rooms with high ceilings that lets in lots of light, there are many newer commercial windows that have been replaced. The space would be ideal for offices, retail, restaurant or coffee shop, a store, studio or could be converted into all multi family. There are two separate basements with separate basement access from the first and second floor.
The closest comparable sale sold across the street at 2857 Sidney 63104 on 7/31/17. It is a 4,670 sq ft mixed use building that was rented for $36,000 a year and sold for $282,500.
Property needs rehab. Property being sold as is.
Asking $149,000
Paying buyers agents 2.7%
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[mappress mapid=”225″]This well maintained North Hampton four family has great curb appeal and is currently fully rented. The building features hardwood floors, stain glass windows, french doors, rear enclosed porch for each tenant, two car garage and four furnaces that have been recently replaced. Other features include a pitched roof, updated PVC plumbing and updated electric. The units are leased for $550, $515, $475, $450, the apartments rented at $475 and $450 are to long term tenants under market rent. Each side of the two car garage are each rented for $75 a month for a total monthly rent of $2,140, $25,680 annually which provides great cash flow.
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