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″]

This home located in a great location in Dogtown and is just a short walk to Forest Park. This 1152 sq ft home has 2 beds and 1 bath and features hardwood floors and a large fenced back yard. The home is vacant and would be great for a fix and flip, or for someone looking for a home with sweet equity potential. The home was recently leased for $895 a month with the tenant paying all utilities and it wouldn’t take much to make rent ready. Similar sized homes is the area have recently sold from $85k-125K. There is a slight lean to the house which is reflected in the asking price although the house is structurally sound and there is paperwork from a structural engineer to verify that it is structurally sound. Property to be sold as-is.

Paying Buyer’s Agent 2.7%

[mappress mapid=”138″]

• Located a half mile from Forest Park between highway 40 and I-44 this property is highly visible on Hampton Ave. which sees 30,000 cars per day.
• Features 4 private offices, large open room with 5 cubicles, 2 bathrooms, a break room, a conference room and a large open warehouse area in the rear.
• This turn-key and move-in ready property is 3800 sq ft and has 16 parking spots in the rear.
• Would be an ideal space for a construction company or any trade that requires a warehouse or storage.
• Zoned residential but commercially assessed- potential for live/work.  Also a potential creative space with tall ceilings, concrete floors and over-sized windows.
• The warehouse could also be used as additional office space.
• Lease rate is $10 per foot annually which equals $3,000 per month. Based off that income the property would generate $36,000 net annually and a 12.5% cap rate.

Asking Price – $289,000
Paying Buyers Agents 2.7%

Features:

• This large 4100 Sq ft four family was built in 1890 and features two 2 bed/1.5 bath townhouse units.
• Townhouse units feature open floor-plan, fireplaces, in unit laundry and sky-lights.
• The other two units are 1 bed 1 bath.
• Great views of Soulard and the Arch from the back yard.
• Blocks from downtown St. Louis and walking distance to Lafayette Square and the farmers market.
• Building has been well maintained, roof was refurbished with a rubber membrane 5 years ago.
• Features pvc plumbing and updated electric panels in all units.
• Property has off-street parking in the rear of the building and there are large open lots on the side of the building and behind it.
• There is a security door in the rear entrance of the building near the parking lot.
• Perfect for owner occupant or investor.
• Property is currently owner occupied and has long term tenants paying under market rent.
• The one bedrooms are rented month to month at $525 and $400. The 2 bedroom is rented for $750.
• Market rent for the one bedroom is $550 and 2 bedroom $800.
• Potential gross monthly rent is $2,700 a month and 32,400 annually.

Monthly Expenses:

Trash/Water: $78.00/month
Sewer: $55.00/month
Insurance: $250.00/month
Taxes: $204.00/month

Total Monthly Expenses: $587.00/month

Please do not disturb tenants, they are unaware of sale.

Asking Price: $224,000

Paying buyers agents 2.7%

[mappress mapid=”135″]

-These properties can be purchased as a package or individually.  The seller is willing to work with a buyer on price for a package deal.

3300 Keokuk 63118

-Well maintained 3,780 sq ft four family that has new tuck-pointing, hardwood floors, built in sliding door, a large open kitchen that opens onto a two story deck.
-Rents are currently $425,$400,$400 with one unit previously rented for $425
-All new tenants rents are $425
-Fully rented this building generates $1700 a month.
-All four units have current occupancy permits in place.

Asking Price $69,900

3224 Taft 63111

-Huge 3,192 Sq ft two family with 3 bed units
-Would be ideal for an owner occupant or investor.
-Units are currently rented month to month below market rent for $600 each for a total of $1200.
-Building features lots of beautiful original woodwork and large full basement which is great for storage.

Asking price $59,900

-Both properties being sold as-is. Properties can be purchased together for $149,800.

Paying buyers agents 2.7%