4 Family Overlooking Botanical Gardens

You can’t beat the location of this beautiful brick four family in Southwest Gardens, literally overlooking the Botanical Gardens and walking distance to Tower Grove Park. It would be perfect for an owner occupant looking to live for free, or an investor looking to maximize the cash flow of the property.

The property boasts spacious 1br/1b units, with separate living room, dining room, kitchen area, and master bedroom. You’ll also find unique accents like original stained glass throughout. Two of the units (2N and 2S) have been updated, and would need no work, with one renting at $695 currently, and the other vacant but would fetch $700 on the open market. The other two units would need some cosmetic updating to maximize their rent potential, but with no work each would rent at $600/month once rents were raised to market.

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.

A four family on the same block at 2019 Alfred recently sold for $347,000 with rents at $840 a month. With some additional cosmetic updates and HVAC installed rents could be raised to $840 a month.

2016 Income:

1S – $550/month (15+ yr tenant, rents could be raised to $600 with no work)

1N – $450/month (25+ yr tenant, rents could be raised to $600 with no work)

2S – $695/month

2N – $625/month (currently vacant, would rent at $700)

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Monthly Income: $2320

Annual Income: $27,840

Expenses:

Taxes: $2403

Insurance: $1218

Sewer: $1326

Water: $1282

Total Expenses: $6,229

Net Income: $21,611

Cap Rate: 7.2%

Pro Forma Based on NO WORK being done but rents raised to market rate

Assuming $695 rent in 2 updated units x2 and $600 rent in non-updated units:

Monthly Income: $2590

Annual Income: $31,080

Expenses: $6,229

Net Income: $24,851

Cap Rate: 8.3%

Pro Forma Based on $840 Rents

Assuming $840 rent x4

Monthly Income: $3,360

Annual Income: $40,320

Expenses: $6,229

Net Income: $34,091

Asking $299,900

Paying Buyer’s Agents 2.7%

Please direct all inquiries to:

William Springer

314-817-6620

will@investstl.com

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2,808 SF 2-Family Ready for Finishing Touches

This Tower Grove South two family overlooks Tower Grove Park and is just waiting for your finishing touches. The 2,808 sq ft
building has 1,400 sq ft units which were opened up to have an open floor-plan. There is a 3 bedroom unit and a 2 bedroom unit.
The building has all of the original woodwork including pocket doors and fireplaces. Most all of the work has already been completed
including updated kitchens with cabinets, laundry in each unit, new flooring, newer windows, sewer lateral was replaced, new 200 amp

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.

Paying buyers agents 2.7%

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5 Duplex Package in University City

(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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Large U City Two Family With 2 Bed Units

Tudor two family located on a quiet street in University City just 1 mile from both Washington University and The U City Loop. Building is 2,692 sq ft with 1,300+ sq ft two bedroom units with additional sun-room. The building has central air, hardwood floors, a back patio, separate living room and dining room, tuck under garage, newer replacement windows and has been tuck-pointed. The kitchen has stainless steel appliances, dishwasher. Both units are currently vacant. Market rent is $1,200+ a month per unit with some cosmetic updates. Ideal for an owner occupant who could live in one unit and have tenant pay most of the mortgage, or an investor who could potentially generate $24,000+ a year. Repairs in the garage area are needed and there is a recent engineering report which outlines the recommended repairs along with a bid for $14,000 to complete repairs which can be provided upon request, the property has been priced accordingly. Property sold as is and will make no repairs.

-Asking $245,000

Paying buyers agents 2.5%

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Well Maintained Four Family in Fox Park

-Check out this well maintained four family just one house down from Fox Park.

-The units are in good condition with hardwood floors and some carpet, ample closet space, pocket doors and a front and back porch.

-Building features replacement vinyl windows, pvc plumbing, updated electric.

-There are two separate basements which are clean and dry and there is a fenced backyard.

-Great location near Tower Grove Park, Lafayette Square, Benton Park, Soulard.

-Three units are rented for $500, $475, $450, one unit has been left vacant for a potential owner occupant. Market rent is $525+. Two tenants have been there for 10+ years.

-A potential owner occupant could put as little as 3% down with FHA financing and could potentially have the other 3 units pay the mortgage.

Monthly Expenses-

Water/Trash $111 a month

Sewer $102 a month

Insurance $85 a month

Taxes $82 a month

Total $380 a month
$4,560 annually

No electric or gas bill

Property sold as is.

Asking $169,000

Paying buyers agents 2.7%

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Non MLS Princeton Heights Four Family

You won’t find many buildings like this immaculately maintained Princeton Heights four family. The large 4100 square foot building has spacious two bedroom units each at 1000+ sq. ft., and boasts many upgrades the current owner has made during their ownership. From the triple pane windows recently installed, to the newer water heaters, furnaces, and roof, the building will likely be a headache-free investment for the foreseeable future. Other features include a copper stack, tuck-under garage with 4 spaces, central air, hardwood floors throughout, and new washer/dryers.

Building is in the desirable Princeton Heights neighborhood with easy access to public transportation, dining, shopping, and other amenities. Building would be a smart buy for an investor looking to cash flow, or an owner/occupant taking advantage of FHA financing and potentially living for free.

There is nothing that needs to be done upon purchase other than collect the income the property produces! Current rents are at $750, $740, $740, $625 (18 year tenant), but area would potentially support $800/unit. Fully rented at $800/unit the property would produce just over $30,000 net income a year.

Income/Expenses:

Rents: $750

$740

$625 (18 year tenant)

Gross Monthly: $2,855

Gross Annual: $34,260

Annual Expenses:

Taxes $3034.55

Insurance $1854.05

Water $793.08

Sewer $1337.52

Trash $480

Electric $288

Misc $400

Total: $8,186.2

Net Income $26,073.8

Please allow 24 hrs notice to show.

PAYING BUYERS AGENT 2.7%

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Soulard Single Family Rehab Opportunity

-Opportunity to rehab a historic home built in 1890 in Soulard.

-This home is a 3 story row house that is approximately 2300 sq ft with 4 beds and 2 full baths.

-This 9 room home has a nice layout with high ceilings, hardwood floors, original woodwork and trim, large original windows on a quiet street.

-This home qualifies for federal and state historic tax credits up to 45% of the renovation costs.

-Renovation costs to completely renovate the home are approximately $115,000.

-Similar sized row houses close by in Soulard have recently sold for $440,000, $407,000, $396,000. (see photos and description of comparable home sales below).

-Potential equity/profit of $122,000 after rehab based off of lowest comparable sale along with potential tax credits of up to $51,750 based on $115,000 renovation cost for a total of $173,750.

Asking $137,500 Paying Buyers Agent 2.7%

Comparables:

-1925 S 10th St Louis, Mo 63104

2,000 Sq Ft home sold 9/30/16 for $440,000 ($220 ft)

-2342 S 12th St Louis Mo 63104

2,210 Sq Ft home sold 7/01/16 for $407,250 ($183 ft)

-1923 S 10th St Louis, Mo 63104

1,792 Sq Ft home sold for $396,000 ($220ft)

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7 Building, 62 Unit Apartment Complex

This 7 building, 62-unit apartment complex features:

Large maintenance and storage shed
In ground pool
Playground area
Common laundry area
100% Occupied with a waiting list

Tenants with 2-3 year lease agreements

Private sewer system
All electric

Income $443,160

Expenses

Real Estate Taxes $ 24,100

Insurance $ 13,400

Maintenance and Repairs $ 43,000

Management $ 30,000

Water $ 7,440

Trash $ 3,600

Electric $ 13,000

Sewer $ 5,100

Total $139,640

Net $303,520

Tenants with 2-3 year lease agreements

Private sewer system
All electric

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4-Family Overlooking the Urban Chestnut Brewery

This 3,340 sq ft four family is located in The Grove overlooking the Urban Chestnut Brewery and an 11 million dollar mixed use project with 60 apartments that is under construction at 4400 Manchester. The building could be converted to 2 townhouses that are each approximately 1670 sq ft, a nearby 1,122 sq ft townhouse just sold for $174,000. This could also be left as a 4 family with an after repair value of $250,000+. Property needs full rehab, sold as is.

Paying buyers agents 2.7%

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Pre-MLS Home in Clayton School District

Opportunity to purchase a home in a great location in the Clayton school district and walking distance to Oak Knoll Park.

-This 3 bed 1 bath 1,360 sq ft home would make a great starter home, rental property or cosmetic rehab project. The approximate value for the home after updating and cosmetic renovations is $275,000+

-Home has newer furnace, updated electric and plumbing and would only need minor work to have it pass occupancy.

-Home is in good structural condition, has all of the original woodwork and is located on a large lot which is .181 acre.

Price $169,000

Paying buyers agents 2.7%