This four-family property on Kemper Avenue in Southwest Garden is located less than a quarter mile from Tower Grove Park. This property is part of a six property portfolio that can be purchased individually or together, including four 4 families on Kemper. Built in 1942, the building features 1-bedroom, 1-bathroom units, 2,760 square feet, with off-street parking.
The property has recently been updated with modern bathrooms featuring sliding glass doors, tile, and vanities, vinyl windows, and new flooring in the kitchens. The building has central heating and cooling, a 3-4 year old roof, and almost all new plumbing and electrical systems. Additionally, the building has hardwood flooring, laundry facilities, and storage units in the basement.
There is potential to increase rents with similar sized 1-bedroom apartments within a mile radius averaging rents at $1,010. Three apartments were recently leased, with one apartment left vacant for showings.
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This well-maintained 6-family property is ideally situated in the desirable Tower Grove South neighborhood, just two blocks from Tower Grove Park. With its proximity to the Park, the property offers residents easy access to outdoor recreational activities, including Food Truck Fridays and the Farmer’s Market.
This 7,392 square feet building was built in 1909 and renovated approximately 12 years ago. The building had a full TPO roof replacement in 2019.
The building is fully occupied, each unit features approximately 900 square feet with 2 beds and 1 bath. Rents for 2 units were recently raised to $1,200 a month, with the another 3 units due for a rent increase in the future.
Similar-sized 2-bedroom apartments within a mile radius have average rent of $1,319. The closest comparable sale is a 6-family that sold at 3721 McDonald 63116. The 5,508-square-foot 6-family sold for $975,000 with 1-bedroom units renting at $1,100.
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This 4-family in the Princeton Heights neighborhood has been beautifully rehabbed.
It offers an excellent owner-occupant or investment opportunity with an 8.5% cap rate.
Unit renovations for each unit features:
Unit 5537 (first floor right side) is vacant for an owner/occupant. The other units are rented for $1,375, $1,425, and $1,425.
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Great opportunity for an investor or owner-occupant to purchase this well-maintained 4-family building.
All units are 1 bedroom and 1 bathroom, with approximately 750 square feet of living space. There is potential to raise rents in this building, with rent for 1-bedrooms in the area going for $750-$975.
Some new stainless steel appliances, 3 new water heaters, 2 new electric panels, and 2 new furnace/AC units.
The property is located in Marine Villa, just a few blocks from the popular Cherokee St. Property is to be sold as-is.
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This newly updated, brick 4-family building is conveniently located less than a quarter of a mile from Gravois Park and less than a mile away from Tower Grove Park. Recent updates include a new deck, roof, gutters, HVAC systems, and all-new electric panels, as well as new kitchens and bathrooms, some flooring. The property offers two 2-bedroom, 1-bathroom units and two 1-bedroom, 1-bathroom units, with three of the four units currently occupied. Contact the owner/agent for a showing.
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Discover a unique investment opportunity with this 2-story, 4-family brick building, presenting an ideal project for real estate investors looking to capitalize on rehab potential. While 2 units currently have significant water damage, this property promises a high upside for income, with projected rents ranging from $950 to $1,100 per unit/month post-rehab. Each unit offers the canvas for transformation into a high-demand rental.
Sold as-is, this project is perfect for those ready to invest sweat equity to force appreciation and unlock exceptional returns. Seize the chance to revitalize and reap the rewards of this promising investment. Ideal for visionaries aiming to expand their portfolio and maximize earnings through strategic renovation.
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20-unit apartment complex with all brick exterior entrances and a 22-unit storage building available now!
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Nice duplex in the heart of Saint Ann on a quiet residential street. Currently leased to two long-term tenants. The building has been very well maintained and cared for. Each unit has a spacious living room, eat in kitchen, updated bathroom, and bedroom. There is also plenty of storage space in the separated basements along with private washer and dryer hookups. The property has a very large, level backyard. Off street parking is available for both units. Take advantage of this amazing investment opportunity today!
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Rare opportunity to purchase a mixed-use property located in The Hill neighborhood in St. Louis.
Paying buyers agent 1.5%
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Investment Summary:
Paying buyers agent 1.25%.
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