Features:

• 9 one-bedroom units
• Rents are $475
• New roof
• New HVAC
• New electrical panels
• New thermal windows
• Updated kitchen and baths
• New concrete  poured parking lot

Income – $46,170

Expenses
Taxes – $3240
Insurance – $3800
Water/Trash – $2720
Electric – $324
Maintenance – $2440
MSD – $3840
Total – $16364

Net – $29,806

Asking Price – $275,000

2.7% Buyer’s Agent Commission

[mappress mapid=”156″]

Features:

• Quiet residential neighborhood
• Easy to operate and low maintenance required
• New roof in 2015
• Individually metered
• Forced heat and central air
• Hardwood and ceramic flooring
• Owner manages the property
• Nice floor plans
• Off street parking

Current Rents:

• 10 one-bedroom units currently $487, potentially $575
• 8 two-bedroom units currently $616, potentially $700
• 1 three-bedroom unit currently $825, potentially $900
• Occupancy rate is 94%
• Annual income $119,827

Expenses:

Taxes                   $7780
Insurance             $4432
Maintenance        $5720
Sewer                  $5880
Water/Trash        $6112

Total                    $29,824

Net Income         $90,003

Asking $875,000

2% Buyer’s agent commission

[mappress mapid=”155″]

Features

• Unique opportunity to purchase a historic 9000+ sq ft six family
• The building is surrounded by a large open space and is just a couple of blocks from Anheuser Busch Brewery & across the street from the Lemp Brewery.
• The 2007-2008 gut rehab included all new kitchens and baths, new HVAC, plumbing, electric, roof, drywall, windows, doors, sewer, water service, gutters, deck, etc…
• Three units were just recently underwent a cosmetic rehab.
• Building features hardwood floors and updated kitchens and baths throughout.
• There are a mix of large 1 and 2 bedroom units.
• Two bedroom units have a 2 story townhouse layout that would be great for an owner occupant and range from 1400-1650 sq ft.
• In unit washer dryer hookups
• The building is completely rented.
• The building grosses $4,090 monthly and $49,080 annually
• Net annual income after expenses are $27,384 which is a 9.78% Cap Rate

Unit Breakdown

• Apt 3546A- 2 bed 1650 sq ft townhouse unit rented, rents at $750

• Apt 3544A- 2 bed 1500 sq ft townhouse unit rented $820

• Apt 3542A- 2 bed 1400 sq ft townhouse unit rented $820

• Apt 3546- 1 bed 900 sq ft rented for $575

• Apt 3544- 1 bed 825 sq ft rented for $550

• Apt 3542- 1 bed 800 sq ft rented for $575

Total: $4,090 Monthly

$49,080 Annually

Expense Breakdown

Taxes – $2,096

Insurance – $2,200

Sewer – $1,000

Water/Trash – $1,400

Avg. Maintenance/Upkeep – $12,000

Management – $3,000

Total: $1,808 Monthly

$21,696 Annually

Asking Price – $285,000

Paying buyers agents 2.5%

[mappress mapid=”153″]

• Four fully rented studio apartments that have recently rehabbed/
• Apartments are rented for $400,$400,$375,$375 for a total of $1,550 a month and $18,600 annually.
• Building features updated electric, new water lines, new security doors, some new water heaters and furnaces are newer.
• Each unit has there own private storage in the basement.
• Building provides great cash flow with a cap rate of approximately 25%.

Asking Price – $54,900

Paying buyers agents 2.7%

[mappress mapid=”152″]

This property is located in a neighborhood undergoing a transformation, with many new single family homes being built nearby. There are also many buildings currently undergoing complete renovation along with new businesses and restaurants opening in the neighborhood. Located within walking distance to the Botanical Gardens and Tower Grove Park. Property would make a great investment or is ideal for an owner occupant.

4217 Blaine

Originally a 4 family that was converted to a 3 family with 2 units on the top floor being converted to one large 3 bedroom 2 bath unit. This fully rented building features hardwood floors, updated vinyl windows, updated kitchen and baths with ceramic tile, and window AC units. The plumbing and electric have been updated and there is a fenced back yard and off street parking.

Annual Expenses and Income:

Expenses
Taxes: $578.00
Insurance: $550.00
Sewer: $1318.20
Water + Trash: $1162.04
———————————
Total: $3,608.24

Rents
1E: $440/mo (month to month)
1W: $475/mo (month to month)
2nd Fl: $850/mo (month to month)
———————————
Gross Monthly: $1,765.00
Gross Annual: $21,180.00

Net Income: $17,571.76

Asking $150,000
Paying Buyer’s Agents 2.7%

[mappress mapid=”151″]

This property is located in a neighborhood undergoing a transformation, with many new single family homes being built nearby. There are also many buildings currently undergoing complete renovation along with new businesses and restaurants opening in the neighborhood. Located within walking distance to the Botanical Gardens and Tower Grove Park. Property would make a great investment or is ideal for an owner occupant.

4158 McRee

Turn-key fully rented four family that has updated eat-in kitchens, updated baths, hardwood floors, some newer vinyl windows, updated electric, pvc plumbing, central air, and has a fenced yard and off-street parking.

Annual Expenses and Income:

Expenses
Taxes: $663.62
Insurance: $600.00
Sewer: $1318.20
Water: $757.72
Trash: $140.00
———————————
Total: $3,479.54

Rents
1E: $475/mo. (lease through 1/31/16)
1W: $475/mo (month to month)
2E: $450/mo (month to month)
2W: $475/mo (month to month)
———————————
Gross Monthly: $1,875.00
Gross Annual: $22,500.00

Net Income: $19,020.46

Asking $180,000
Paying Buyer’s Agents 2.7%

[mappress mapid=”150″]

Located in the West End “East Loop” Renewal Area, this property is right off of Delmar Blvd. and near the planned Loop Trolley route and Metro Link routes, with easy access to Forest Park and the Central West End. There is also the potential for a 10 year tax abatement and historic tax credits available for renovations on the building. This up and coming neighborhood has lots of renovation and new construction happening nearby.

• Wholesale 4500 sq. ft. single family with 6 beds and 2 baths.
• Great single family rehab potential, two homes on the same street have recently sold for $257k, $265K.
• This could be easily converted to a two family or three family with one unit on each floor, the third floor is approximately 1000 sq ft with high ceilings.
• Two blocks from Delmar and the new trolley line, walking distance to Forest Park.
• There is new construction being built across the street.

Recent Comparables:
5889 Clemens Pl. – 4B/4B – 3040 Sq. Ft – $257,000
5948 Clemens Pl. – 5B/4B – 2808 Sq. Ft – $265,000

Asking Price – $39,900
Paying buyers agents 2.7%

Can be purchased individually, or as a package with 5858 Cates Ave., and 5572 Clemens Pl. – See individual postings for information on these properties.

Located in the West End “East Loop” Renewal Area, this property is right off of Delmar Blvd. and near the planned Loop Trolley route and Metro Link routes, with easy access to Forest Park and the Central West End. There is also the potential for a 10 year tax abatement and historic tax credits available for renovations on the building. This up and coming neighborhood has lots of renovation and new construction happening nearby.

• This is a pre-mls property.
  
• 6000 square foot 3 family with unique 2000 sq ft units with great curb appeal.
• Units feature 3 bedrooms, 2 baths and have in unit laundry.
• Large separate living room and dining room.
• Off Street covered parking for each unit.
• Fully rented at $900 market rent the building would bring in $2,700 a month and $32,400 annually.
• The tenants own all of the appliances in the building so the seller is not responsible for any repairs on appliances.
• Second floor unit has been left vacant to show.
• Owner occupant opportunity, live in one unit and have the tenants pay the rent.

Rents         Current      Market
1st floor       $600          $900
2nd floor     vacant        $900
3rd floor       $600          $900

Annual Expenses
Taxes            $505
Insurance    $2,016
Sewer           $816
Water           $330
Trash           $297
Gas               $700
Electric       $384
Mgmt.         $600
Total            $5,648

Asking Price – $150,000

Paying buyers agents 2.7%

Can be purchased individually, or as a package with 5572 and 5539 Clemens Pl. – See individual postings for information on these properties.

-Wholesale single family home would be ideal for a fix and flip, or would make a great rental.
-Home was recently occupied and is functional, needs updates and piering work due to settling.
-There is a large two car garage and a fenced backyard.
-Home is centrally located 4 blocks from Forest Park and is close to Highway 40 and the U City Loop.
-Recent sales of similar size framed homes within a half mile have sold for $140,000, $130,900, $128,000
-Property to be sold as is.

Recent Comparable Sales:
6739 West Park Ave – 2br/1b – 792 sq ft – $129,000
6814 Wyatt Place     – 2br/1b – 789 sq ft – $130,900
6800 Dale Ave          – 2br/1b – 876 sq ft – $140,000

-Asking Price $34,900
-Paying buyers agents 2.7%

This updated home is in a quiet neighborhood steps from Clifton Park, on a sprawling lot over 1/3 acre! The home features a large front and fenced back yard with space for pets to roam, and a concrete walk-out patio for entertaining. A storage shed sits in the back corner of the lot.

Home has been kept in immaculate condition – beautiful hardwood floors throughout most of the main level, with carpeting in the bedrooms and back hallway. Main living area opens from front door, with natural lighting from windows. A wood-burning fireplace is at the far end of the room. A separate dining area opens up off of living room. Kitchen has gas burning range, refrigerator, microwave, and custom cabinetry.

Separate laundry room with modern washer/dryer, all appliances included. Partially finished basement adds another 900 square feet! Finished room in the basement can act as storage space/bedroom, the main basement area utilized as a workshop by current owner. Easy to finish if desired!

Asking $129,900
Paying Buyer’s Agents 2.7%

[mappress mapid=”139″]