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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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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2 buildings, 1 parcel, 8 townhouse style 2 bed, 1 1/2 baths and walk-out basements, backs to woods. Each unit has thermal windows. Central air and forced heat, private decks, washer and dryer hook ups, refrigerators, dishwashers, stoves & garbage disposals, updated counter tops, some ceramic flooring. The roofs were put on in 2008 and 2013. Updated kitchen and baths. PVC plumbing and circuit breakers. Each unit is over 850 sq ft, with an additional 425 sq ft in the basement. The rents could be raised to $750/mo.
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Expenses:
Taxes -$3578
Insurance-$1370
Maintenance-$461
Water-$403
Sewer-$313
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Asking price is $235,000
Buyer’s agent commission 2.7%
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Opportunity to purchase a 2,500 square foot commercial building located in University City that is walking distance to The Loop. This building has two storefronts each with their own basements. There is a large parking lot attached to the building that has 20+ parking spots. The roof is approximately 2-3 years old, the building features solar panels which were installed at the same time as the roof which powers the electric to the building, the electric bill is only $25 a month. One tenant pays $1,100 a month and is month to month and the other tenant is paying $850 and is on a 3 year lease. Annual income for the building is $23,400 a year, owner paid monthly expenses total $5,676 a year for a net income of $17,724 which is a 10.1 % cap rate.
Paying buyers agents 2.7%
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This building was previously a hardware store and has unlimited potential- Multi family apartments, live/work, shop, warehouse, studio, office space, or retail. Located in the Central West End 1 block from Lindell, 2 blocks from St. Louis University, close to Washington University Medical School, The Cortex, St. Louis College Of Pharmacy, Forest Park. There are architectural plans to convert the building into 6 apartments along with commercial storage in the basement. Projected income for the 6 apartments and the storage once completed is $75,600 annually with a projected net income of $56,700. There is the potential for a second story to be added or it could also be a rooftop deck for the apartments. The building is 11,753 Square Feet on three levels- Main level and basement are 5,310 sq ft each with the top floor 1,133, needs full renovation. Features include three phase electric service, freight elevator & loading dock, steel & concrete construction, full span steel truss system that allows open floor plan and high ceilings. Building has two addresses 408 & 410 Sarah and could be split. There is currently street parking only but the architectural plans outline how parking spots could be added in the rear. Real estate taxes $2,605.
Price $239,000
Paying buyer’s agent 2.25%
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3201 Morganford 63116– Unique opportunity to purchase two buildings on Morganford in Tower Grove South
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SOLD – Prime redevelopment location in Downtown West. Located between Historic Union Station and new Metropolitan Police Headquarters, next to proposed future MLS stadium site, two blocks from the Union Station. Built as a 30 room hotel and last used as apartments on upper floors and commercial on first floor. 2200 sq ft per floor = 11,000 sq ft total including basement. Unlimited uses – lofts, multifamily, live/work, creative office space. Potential Federal/State Historic Tax Credits. Potential Low Income Housing Tax Credit (LIHTC). Vacant since 2015 and needs full rehab. Off street parking available behind building in fenced parking lot for $65 per month for 24/7/365 designated parking space. Taxes $5,496
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Back on market at no fault of seller. Central West End commercial redevelopment opportunity. Prime location next to St Louis University and Cortex. 15,132 SF Building (3 floors @5,044 each). Potential uses include multi-family student housing, office space, co-working, micro-apartments, mixed-use. Location, high rents for student housing make this an attractive conversion. Spec drawings and renderings available for 18 apartments with (15) one-bedroom and (3) two-bedroom apartments. Market rent for updated 1 beds close by renting for $890-$1,370 and 2 beds from $1,195 to $1,795 there is the potential for $16,935-$25,935 in gross monthly income and $203,220-$311,220 in annual gross income depending on finishes, amenities. With 40% expense/vacancy of the gross rent net income could range from $121,932-$186,732 annually. Located in an opportunity zone. Rear parking lot w/ 12 spaces. Also available for $295,000 is an adjacent parking lot at 3909-11 West Pine with approximately 33 parking spots.
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