Check out this lovely, sturdy, red brick four family building can be found in Historic Shaw across from Tower Grove Park. There are 3 each one bedroom apartments and 1 two bedroom apartment. Building features off street parking and private balconies, central air, stainless steel appliances, security system throughout building. Additional updates include updated kitchen and baths, updated plumbing and electric, hardwood, ceramic, and vinyl flooring, beautiful decorative brick interior walls, new roof and thermal windows.  Great location close to shopping, coffee shops, entertainment and restaurants.

Expenses:  

Taxes              $1291

Insurance        $2900

Water/Trash    $1944

Sewer               $1776

Maintenance  $1332

Total              $9243  

Income:

1-West ($550)  $6600

2-West ($835) $9900

1-East   ($725) $8700

2-East ($875    $10500

Total                 $35700

Net                    $26457

FEATURES

-Opportunity to purchase a stunning 14 unit apartment building located in Clifton Heights across the street from Clifton Park at the corner of Columbia and Clifton.

-Built in 1928 this building also comes with a large build-able lot adjacent to the building, the total lot size is 1/3 acre.

-The building consists of 11 one bedroom apartments, 2 two bedroom apartments and 1 efficiency.

-These apartments are rented under market rent for the neighborhood, updated 2 bedroom apartments rent for $750-$800, with updated 1 bedroom apartments renting for $650-$700 and efficiencies renting for $450-500.

-Currently 13 of the 14 apartments are rented for $6,604 a month and $79,248 annually.

-2015 Gross Income was $76,014

2015 Expenses

Repairs/Maintenance $20,452

(includes cleaning, trash, snow, pest)

lawn/Gardening     $615

Utilities                 $4,354

(includes electric, water, sewer, gas)

Taxes                     $7,037

Insurance               $5,356

Total                      $37,814

-With minor cosmetic updates and rented at market rent the apartments could rent for $9,100-$9,800 a month and $109,200-$117,600 annually.

Asking Price $840,000

Paying buyers agents 2.5%

[mappress mapid=”174″]

Check out this 2,762 Sq ft two family located in Tower Grove Heights just a short walk to all of the shops and restaurants on Grand and just one block from Cherokee Street. Built in 1907 this building was renovated in 2009, renovation included new kitchens and bathrooms with updated cabinets and appliances, new tile flooring in the kitchen and bathroom, washer dryer hookup in each unit, new hardwood hardwood floors, pvc plumbing, central A/C was replaced. Sewer lateral was recently replaced. Both units are currently rented month to month with rents at $700 and $600. The tenant paying $600 a month is a long term tenant. This would be ideal for an investor or owner occupant.

Asking $135,000

Paying Buyer’s Agents 2.7%

[mappress mapid=”173″]

Opportunity to purchase three 4 families that sit side by side on a quiet dead end street with cul-de-sac in St. Charles.

• These 4 families have 2 bedroom units that rent from $800-$850 a month with a gross monthly income of $9,800 a month and $118,800 annually.
• Renovation included all new updated kitchens and baths in each unit, refinished hardwood floors, new roofs, new siding, new gutters and downspouts, new windows, new doors, privacy fence, new lighting and hardware, paint, etc…
• Units feature large walk in closets in the bedroom with shelving.
• All units have a secure storage area and each building has a washer dryer hookups.
  Buildings are located on a large shaded park-like lot and there is ample parking.
• The buildings are located just one block from a large new development in St. Charles that has many new restaurants, shops a movie theater and apartments.
• Two bedroom apartments in the new development rent for $1,660-$2,050 a month. There is the ability to raise rents.
• Expenses are very low for the buildings, tenants pay for their own water and there is no sewer bill. Maintenance costs are low as the buildings were just renovated.
• Buildings are being sold as a package but could be financed individually as four families.
  Rental Income (3 units rented at $850, 5 units rented at $825, 2 units rented at $800, 1 holdover unit rented at $700, 1 $800 apartment being left vacant to show)

Monthly Gross Total $9,800

Annual Gross Total $117,600
Expenses

Taxes              $6,558

Insurance        $3,874

Maintenance    $3,600

Trash               $1,119

Monthly Total   $1,262
Annual  Total   $15,151

• With a vacancy rate of 5% the building generates a net income after expenses of $8,042 a month and $96,509 a year. Property is priced at an 8.8% cap rate.

Asking price is $1,100,000

Paying buyers agents 2.0%

[mappress mapid=”172″]

Opportunity to own a fully updated two family in the desirable Shaw neighborhood. Located in the heart of Shaw, this beautifully updated two family is walking distance from Tower Grove Park, the South Grand business district, the grocery store, and SLU hospital. Approximately 1 mile from the Botanical Garden, with easy highway access. Property boasts spacious 2 br units, a private back yard, and off-street parking on a dead end street.

Completely redone kitchen and baths with granite counter tops. In-unit washer dryers, and hard wood floors. This property would be perfect for an owner-occupant, use one unit to build equity in your beautiful new home.

Currently renting at $950, with a new tenant set to move in the upstairs unit on July 15, at $1100/month rent. Downstairs unit with private patio will be available for owner-occupant in September. Don’t miss this great opportunity to get into a great neighborhood!

Income:

Downstairs Unit – $950/month
Upstairs Unit – $1100/month (tenant move in July 15, 2016)

Monthly Rentals – $2050/month
Annual Rentals   – $24,600

Annual Expenses:

Water/Sewer/Trash – $1,595.36
Taxes – $1,253.75
Insurance – $1,200
Maintenance – $350
=================
Total  Annual Expense – $4399.11

Net Annual Income – $20,200.89

Selling at 9.2% Cap Rate

Asking Price $214,900

Paying Buyer’s Agents 2.7%

[mappress mapid=”171″]

-This stunning four family located in Lindenwood Park was built in 1925 and was gut rehabbed in 2013.
-The building has two 2 bed units and two 1 bed units, the 2 bed units rent for $875 and the 1 bed units rent for $650.-One 2 bedroom unit has been left vacant for a potential owner occupant.
-2013 gut renovation included all new kitchens with stainless steel appliances, new bathrooms, new windows, new roof, refinished hardwood floors, new electrical, new lighting, new plumbing including new water service and sewer lateral lines, new furnaces and water heaters, central air, new rear decks on the back of the building, new parking pad, intercom system.
-Building has original woodwork and large open hallways.
-Each unit has their own washer/dryer in unit, private storage for each unit in the basement and off street parking spot.
-This building would be ideal for an owner occupant or investor.

Income

2 bed $875

2 bed $875

1 bed $650

1 bed $650

Fully Rented Monthly Income $3,050

Fully Rented Annual Income  $36,600

Monthly Expenses

Water/trash                $104

MSD                            $105

Electric                      $25

Lawn                          $27

Insurance                    $110

Taxes                          $146

Monthly Total             $517

Annual Total               $6,204

Priced at an 8.3% Cap rate

Asking $359,000

Paying buyers agents 2.5%

[mappress mapid=”169″]

-Charming row house located at the end of a quiet tree lined street with cul de sac in the the historic LaSalle Park neighborhood.
-Walk-able to Lafayette Square, Soulard Farmers Market, Busch Stadium.
-This 3 story 3 bed 2.5 bath home has a large open floor plan with two fireplaces on the first floor.
-There is a partially finished basement, in total there are 4 floors of finished living space.
-Home is approximately 1600+ sq ft, Sq footage on the tax records is not accurate.
-Similar near by row houses have recently sold for $155,000, $167,000, $171,000.
-This home would be ideal for an owner occupant looking for sweat equity or an investor.
-This home would rent for $1,500-$1,700 a month after updates and repairs.
-There are two off street parking spots in the rear of the house.

[mappress mapid=”168″]

• Property is a 3,328 sq. ft. brick four family in the up and coming Dutchtown area, overlooking a quiet park, and just 1.5 miles from Tower Grove Park.  Perfect for owner-occupant or an investor looking to generate easy passive income!
• Property built in 1929.
• Each unit is 1br/1b, with walkthrough floor plan and plenty of open space.
• Three of four units are recently updated with new paint and lighting fixtures, and refinished wood floors.  Kitchens have new linoleum and cabinets.  Building has updated electrical wiring, and pvc plumbing.  All units have new appliances.  New water heaters.
• New roof installed in 2013.
• Units currently rent at $520, $495, $495, and $435 for the unit that hasn’t been updated.
• All four units rented on yearly leases.
• Gross rents of $1945 monthly, $23,340 annually.
• Annual Expenses:
  • Taxes – $753.72
  • Insurance – $2,124
  • Sewer – $1,217.88
  • Water – $693.08
  • Maintenance/Repairs – $1,600
  • Services (trash, etc..) – $528
  • Total Annual Expenses – $6,916.68
• NOI – $16,423.32
• Cap Rate – 13.8%

Asking $119,000
Paying Buyer’s Agents 2.7%

Call Will Springer 314.817.6620 to set up showing – 24 hr notice required, one occupied unit on lockbox and basement available to show.  Please do not disturb tenants.

Paying buyers agents 2.7%

Please do not disturb the tenants

[mappress mapid=”166″]