• Total gut renovation completed by Riggs Construction of this unique and historic Lasalle Park home that sits on a large landscaped quarter acre double lot.
• This home built in 1885 features 3 beds and 2 bath with 4 stories of finished living space and a private deck on the roof with a panoramic view of downtown and the arch.
• There is approximately 2,300 sq ft of above ground living space with an additional 600 sq ft of finished living space in the basement for a total of 2,900 sq ft.
• The home features custom cabinets, 2 fireplaces, custom appliances, new floors, crown molding and a 2 car garage with walk out porch on the second floor.
• There is living space on the top floor with exposed beams that walks out onto the rooftop porch.
• Located on a quiet tree lined street just a few minutes from Lafayette Square, Downtown and the Soulard Farmers Market.
• Paying buyers agents 2.5%

Building

• Opportunity to own a large two family and separate single family home all on the same lot and parcel in Benton Park.
• Buildings feature all newer vinyl windows, updated electric, pvc plumbing, newer furnaces is only a block from Benton Park and walking distance from the shops and restaurants on Cherokee Street and the Anheuser Busch brewery.
• The large 2700 sq ft two family in the front was originally a saloon and converted into two residences, the units need rehab including a roof.
• The tenant on the first floor recently moved out and paid $750 monthly, the second floor unit was previously rented for $750.
• There is an additional 2 bedroom single family home that is approximately 1000 sq ft in the rear of the lot that was recently rented out for $600 a month.
• This property would be great for an investor looking for a value add opportunity, a business owner who wanted a live-work space or an owner occupant who wanted additional income.
• Market rent for the units after updates are $900-$1000 per unit for a gross monthly income of $2,700-$3,000 a month and $32,400 – $36,000 annually.

Asking price $109,900

Jordan Schoen is a Licensed Broker in the State of Missouri

Building Features

• Opportunity to purchase turn key side by side 5280 Sq Ft four families with 2 bed units.
• 8 total units with 16 bedrooms with 1250 sq ft units that will be sold as a package.
• 6 of 8 units are currently rented below market rent. Current rents are $625,$625,$600,$625,$625,$625
• Market rent for similar size 2 bedrooms units in St. Charles is $750-$1,000
• Fully rented at $750 each building would generate $6,000 monthly and $72,000 a year.
• Building features off street parking, central air, updated electric, newer vinyl windows
• Hardwood floors have all been refinished, 7 of 8 furnaces have been replaced in the last 6 years.
• Roof, Soffits and fascia were replaced 6 years ago.
• Each tenant has their own private storage and the building comes with security cameras that stay with the building.

Annual Expenses

• Electric $751
• Water/Sewer $2,255
• Trash $2,460
• Pest Control $480
• Landscaping/snow removal $500
• Taxes $5,486
• Insurance $3,800
• Total 15,732
• Potential Gross Rent $72,000
• Vacancy (6%) $4,320
• Expenses $15,732
• Potential net income $51,948
• Potential cap rate based off market rent is 9.1%
• Paying buyers agents 2.7%

Jordan Schoen Is A Licensed Broker In The State Of Missouri

• This two family is located in Dogtown on an over-sized 40×125 foot corner lot within walking distance to Forest Park and the Zoo.
• Sits directly behind a block of new construction homes.
• Currently configured as a 1750 Sq ft two family with with 2 bed units.
• Property is framed out and needs full rehab.
• Market rents for updated 2 bedroom units in the neighborhood range from $900-$1000 monthly.
• The best use for this property would be converting to a 4 bed 2 bath single family home as homes that size in the area have recently sold from $200k-235K.
• This would also be a great development site for new construction as there is potential for 4-6 units to be built on this lot.
• Property to be sold as is.

Asking Price $49,900

Paying Buyers Agents 2.7%

Jordan Schoen Is A Licensed Broker In The State Of Missouri

Opportunity to purchase a large 4 family with 2 bed units near St. Louis University, Lafayette Square and Tower Grove Park. The building has 3 long term tenants that each pay $550 a month. There is potential to raise the rents, similar 2 bedroom units in the neighborhood rent for $650-$700 a month. There is off street parking for each unit. Ideal for an owner occupant or investor. An owner occupant could live in one unit for free while the tenants pay the mortgage. Building features updated plumbing and electric with newer vinyl windows. Currently priced at an 11% return on investment.

Jordan Schoen Is A Licensed Broker In The State Of Missouri

Building Features

• Fully rented 2 family with lots of character including
  hardwood floors, built in bookcases, sun rooms off the kitchen and separate dining rooms.
• There are newer vinyl windows, updated electric and plumbing, with an over-sized 2 car garage.
• Units currently rented for $545 and $495
• Gross monthly rent is $1,140 a month and $12,480 annually
• Fixed expenses are $282 a month and $3,384 annually.

Asking Price $69,900

           Priced at an 11% cap rate

Jordan Schoen Is A Licensed Broker In The State Of Missouri

Building Features

• Well maintained four family with great cash flow
• Units are rented for $475, $475, $465, $450
• Fixed expenses (taxes, insurance, water, sewer, trash) are $425 a month and $5,100 annually
• Gross monthly income of $1,865, annual gross income of $22,380
• Annual net income is approximately $14,000
• Building has new windows, roof and other updates

Asking Price $89,900

Priced at a 15% cap rate

Jordan Schoen Is A Licensed Broker In The State Of Missouri

Building Features

• 4 family with 2 two bed units and 2 one bed units.
• Located on a quiet street in Princeton Heights on a block with many single family homes.
• Rents are $595, $550, $540, $500.
• Fixed Expenses (taxes, insurance, water, sewer, trash) are $555 a month and $6,660 annually.
• Rented under market rent for the neighborhood.
• Gross monthly income $2,185, annual gross of $26,220.
• Annual net income approximately $17,000 after expenses.
• One vacancy in the last 3 years.
• Building has updated electric and pvc plumbing, central air and forced air heat, hardwood floors, updated windows and brick sun-rooms for all of the units.

Asking Price $174,900
Priced at an 10% cap rate

Jordan Schoen is a Licensed Broker in the State of Missouri.

Property Features

• Two units have just been updated with new kitchens, baths, furnaces, refinished hardwood floors, tiled floors.
• Units have 6 rooms and a layout that could be used for 2 bedrooms.
• Two units are ready for updates, estimated cost to update the two units is approximately $15,000
• Repairs needed are water heaters, misc. electrical work, kitchen cabinets, counter tops and refinishing hardwood floors.
• Recent after repair appraisal on the property for $215,000.
• 4 off-street parking spots.
• Market rent for the updated units are $600-$625.

Asking $129,900. Motivated Sellers, make offer!

Jordan Schoen is a Licensed Broker in the State of Missouri.

Features

• All brick charmer on gorgeous tree lined street in desirable neighborhood
• 3 bedrooms and 2 full baths
• Eat in kitchen
• Formal dining room
• 1500 SQ FT
• Walking distance to parks, shopping, entertainment and restaurants
• Nice hardwood floors
• Covered front porch
• 2 car detached garage with opener
• Custom book shelves
• Stained glass windows
• Patio area
• Natural woodwork
• Large fenced in backyard
• Thermal windows
• All season room
• Walk out basement

Check Out The YouTube Video Tour of The Property
http://youtu.be/-x5KSwhK3vE

Mike Shepherd is a Licensed Real Estate Agent in the State of Missouri.