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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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The building should not require any major work, as it had a layer added to the roof and the exterior brick sealed in fall of 2016. The building also has newer pvc stacks and plumbing from building to main, and vinyl windows. Systems are newer and in good working condition.
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electrical service, pvc plumbing added, new electric furnace on the second floor unit, new condensers, new concrete patio and walkway
in the backyard. There is a large basement with high ceilings and a bathroom. This would be ideal for an owner occupant who could live in
one unit and rent the other or for an investor, once finished these units could rent for $1,250+ each. This also has the potential for a single
family conversion, a 2,094 sq ft home 2 doors down recently sold for $410,000. Property to be sold as is.
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(Sold) Tired of running all over town while managing your rental portfolio? Here is an incredible opportunity to own FIVE cash flowing duplexes in University City all located right next to one another. This package includes (8) 2 bed/1 bath units (avg rent $715) and (2) 3 bed/1.5 bath units (avg rent $775). Total yearly gross income is over $84,000 with room to grow. Fully rehabbed 2 and 3 BR units on the street are currently renting for $995.
Located less than a mile from Clayton, these 2 story all brick masonry buildings are low maintenance and have been actively maintained by the current owner. Each duplex offers central air, hardwood floors, an underground 2 car garage, and updated amenities. All buildings have clean and dry basements with W/D hookups. Given their central location, these units are easy to rent and have many long term tenants.
Sale includes 7715, 7716, 7720, 7728, and 7734 Wild Plum Ave. Please do not disturb tenants as they are unaware of the sale.
John Cotsworth | Agent
314.479.3355 | john@investstl.com
Invest St. Louis
Office: 314.479.3355 / Fax: 314.480.7053
6201 Arsenal St. Louis Mo 63139
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