Unique Mixed Use Property on the Hill

Rare opportunity to purchase a mixed-use property located in The Hill neighborhood in St. Louis.

  • The Hill is an iconic part of the history of St. Louis which goes back to the 1880’s. The Hill exudes a unique blend of community and style, featuring superb upscale restaurants, trattorias, shops, pizzerias, delis, bakeries, a brewery, and a bocce ball garden.
  • The property is centrally located in a residential neighborhood close to Forest Park, Barnes Hospital, Washington University Medical Center, The Botanical Gardens, and Tower Grove Park.
  • The building comprises a 3,263 square foot residence on the top level with 4 bedrooms and 2 baths. Features include an elevator and a large living room for entertaining. The residence includes a large master with a bath with lots of closet space, a laundry room, an office, a large covered porch in the back, and an attached garage.
  • There are two commercial spaces on the main level including a 1,000 square foot deli.
  • The larger commercial space is a salami manufacturing facility which is 5,007 square feet. The first floor has a food processing room, a cooking room with an oven, refrigeration, a stock room, and storage. Of the 5,007 square feet approximately 2,400 square feet are in the basement which has a drying room, a machine room, a washing room, and coolers.
  • The property has been well maintained and is in great condition. This property would be ideal for someone to occupy the residence and use the commercial spaces downstairs for their business. It would also be a great option for a business to occupy part or all of the building and lease the other spaces out.
  • There is the potential for the residence to be rented as an Airbnb, a medium or long-term rental, an event space, or possibly converted to be part of the commercial space below.
  • There is also the opportunity to live in the residence and lease the two commercial spaces below.
  • The average starting lease price per square foot was $16.78 in 63110 based on 21 recent leases.
  • Please inquire for additional information about the property.

Paying buyers agent 1.5%

Search The MLS

Search the MLS below using the city, postal code, address or listing id of the desired property.

46 Unit Complex with Some Recent Upgrades

Investment Summary:

  1. Property Basics: 46-unit updated apartment complex built in 1960, with all 2-bedroom, 1-bathroom units.
  2. Prime Location: Located close to major highways, with easy access to Lambert Airport and Downtown St. Louis.
  3. Recent Updates: Newer windows, hardwood floors, and updated kitchens, many of which feature granite countertops.
  4. Convenient Amenities: Separate laundry building with coin-operated washers and dryers for tenant use, as well as plenty of parking available.
  5. Spacious Layout: Spread across 13 buildings, the complex offers approximately 27,930 square feet of building space and sits on a lot of approximately 74,331 square feet.
  6. High Occupancy Rate: Currently 100% occupied, indicating strong demand and stability in the complex.

Paying buyers agent 1.25%.

Search The MLS

Search the MLS below using the city, postal code, address or listing id of the desired property.

Fully Occupied Four-Family in Southwest Gardens

Great four-family building in a fantastic location in Southwest Gardens. Right next to Botanical Gardens near Tower Grove Park, just off Interstate 44. Each unit is 1 bedroom, 1 bathroom at 850 sq. ft. each for a total of 3,400 sq. ft.

Other property features include:

  • A new roof installed and tuck-pointing completed in 2021.
  • A 4 car garage with two separate doors.
  • PVC stack/lateral throughout- all the way to the street.
  • Vinyl windows, updated electric panels, and more (inspection reports available upon request).
  • All four units are currently rented, with two units month-to-month providing flexibility for the next owner.
  • True one-bedroom units. No units are shotgun/walkthrough/loft style units.
  • Washer/dryer hookups provided for each individual unit in the basement.
  • Forced air central heat. Ductwork in place for adding condensers for central air. Currently building is cooled with window units.
  • Current rents average ~$1.21/sq. ft. There is room to increase rents as-is, or improve finishes to attain rents in/around ~$1.50/sq. ft. or more.
  • 3D virtual tour is available for unit 2011A: https://bit.ly/Unit2011A

Search The MLS

Search the MLS below using the city, postal code, address or listing id of the desired property.

Commercial Building with Established Business

This 4,370 sq. ft. commercial building near Carondelet Park currently houses the Good Shepherd Academy, an established childcare business. This property presents a unique chance to acquire both the property and the business, separately. It is an ideal investment for entrepreneurs looking to establish or expand their ventures in a vibrant community. It’s important to note that the current rental income reflects a unique circumstance where the owner of the Good Shepherd Academy is also the owner of the building itself. For those interested in delving deeper into the financial data and gaining additional insights, more detailed information is available upon request.

Search The MLS

Search the MLS below using the city, postal code, address or listing id of the desired property.

Value Add Single Family Portfolio II

Portfolio of single family homes located in north St. Louis county. The homes are a mix of 3, 2 and 1 bedrooms.

There is the potential to increase rents significantly both as-is and with additional updates.

Average rent for the homes is $899 a month based on similarly sized rental homes with the same bedroom and bathroom count in the same zip codes.

There is also potential to update the homes and sell them retail to owner-occupants in the future.

There are numerous similarly sized updated homes selling for over $100,000 nearby.

There is a management company in place that has been managing properties for 19 years located near the homes, management services can remain in place after the sale if desired.

Most of the homes are located in very close proximity providing ease with maintenance and leasing.

The seller has recently completed several capital expenditure items and completed numerous turnovers when renting to new tenants.

The portfolio to be sold as-is.

Showings will be available with an accepted contract.

Rental comparable information was obtained by rentometer.com.

Search The MLS

Search the MLS below using the city, postal code, address or listing id of the desired property.

Value Add Single Family Portfolio I

Portfolio of single-family rental homes for sale. The majority of the homes are occupied with the tenants paying rent. There is the potential to increase rents significantly both as-is and with additional updates. 

Average rent for the homes is $899 a month based on similarly sized rental homes with the same bedroom and bathroom count in the same zip codes. 

There is also potential to update the homes and sell them retail to owner occupants in the future. There are numerous similarly sized updated homes selling for over $100,000 nearby. 

The seller has recently completed several capital expenditure items, and completed numerous turnovers when renting to new tenants.

There is a management company in place that has been managing properties for 19 years located near the homes, management services can remain in place after the sale if desired.

The majority of the homes are located in North County.

Many of the homes are located in very close proximity providing ease with maintenance and leasing. 

Homes are to be sold as-is.

Showings will be available with an accepted contract.

Rental comparable information was obtained by renotmeter.com.

Search The MLS

Search the MLS below using the city, postal code, address or listing id of the desired property.

Historic Value-Add Home in the Grove

Opportunity to purchase a value-add historic brick home in The Grove, located 1 block from Forest Park, within walking distance to Barnes Jewish Hospital, Washington University Medical Center, St. Louis Children’s Hospital, and the Siteman Cancer Center.

  • This home built in 1907 is 2,048 sq ft, configured for 3 bedrooms and 2 bathrooms.
  • A foundation was poured outside of the back of the house for an addition, creating the potential for additional square footage.
  • A lot of work has been completed, including demolition, a roof was added, windows were replaced, framing work was done, some plumbing work was done, and electric service was added.
  • There is an off-street parking area in the rear, which could have a carport or garage.
  • The home is located in a federal historic district so it is possible to get tax credits for the renovation of the home, a chance to create your vision and equity at the same time.
  • This home needs renovation and is being sold as-is.

Search The MLS

Search the MLS below using the city, postal code, address or listing id of the desired property.

Turn-Key, Fully Renovated 2-Family

Welcome to this turn-key investment opportunity! This fully-renovated, two-unit property is 100% occupied and cash flowing on day 1. The property is fully stabilized with two long-term tenants (5+ years and 3+ years) at rents of $805/month and $865/month with tenants paying utilities directly (units are individually metered). With lease roll-overs in January and August 2024, and market rents for similar units at $1,039/month for similar units, this property has significant upside potential via near-term rent increases (or owner-occupancy if you prefer – live in one unit, collect rent on the other). Additional upside potential is available via the lease-up of the on-site two-car garage.

Each 2BR/1BA unit is approximately 1,150 sq ft for a total of 2,300 sq ft of living area. Unit amenities include full kitchens (oven/stovetop, dishwasher, garbage disposal, and refrigerator), central HVAC, ceiling fans, hardwood floors, and private decks. Building amenities include a +/-1,150 sq ft basement, washer/dryer hookups, lockable storage closets available to tenants and/or the landlord, a fenced yard with locking gates, and a two-car garage.

The property was fully renovated in 2015 with new building systems and unit renovations. New building systems include: 200-amp electric panels, PVC stacks, lateral piping under the basement slab, water heaters, HVAC systems, separate utility meters, gas furnaces (2017), and roof (2018). Interior renovations include: reconfigured open-concept floor plans along with new fully equipped kitchens (appliances, sink/countertop, and cabinetry), bathrooms, windows, drywall/paint, and other interior finishes.

Located in the Gravois Park neighborhood, the property is within walking distance to area amenities including: shops and restaurants on S Grand Ave, the Cherokee St entertainment district, Schnucks grocery store, schools, parks, the St Louis Public Library, Gravois Park, and a variety of public transportation options.

Search The MLS

Search the MLS below using the city, postal code, address or listing id of the desired property.

Renovated Eight-Family in St. Louis County

Renovated 8 family for sale located in St. Louis County approximately a 15 minute drive to the airport and 20 minutes to downtown St. Louis and Clayton. The property has 2 four-family ranch style buildings consisting of 4 two bed units, and 4 one bed units.

  • The two bedroom units rent from $800-$850 a month and the one bedrooms rent for $700.
  • Fully rented this building would generate over $6,000 a month. 7 of the 8 units are rented with the last unit being left vacant to show.
  • Renovation of the buildings included updates to the units including kitchens with appliances, updated baths, flooring, water heaters, furnaces, condensers, windows, interior and exterior electric service, etc.
  • Priced to sell at $50,000 per unit, there are numerous nearby comparable multi-family buildings that have sold in the last year for $60,000 per unit or more.
  • Average rent for 15 one bedroom apartments within 2 miles in the last year is $869.
  • Average rent for 15 two bedroom apartments within 2 miles in the last year is $944.

View the virtual tour here: https://my.matterport.com/show/?m=ojGcoxKa3F1

Search The MLS

Search the MLS below using the city, postal code, address or listing id of the desired property.

Well Appointed Four-Family in Southwest Gardens

Check out this beautiful and large four-family property with 3 successful medium-term rentals (with five-star reviews). The furnished apartments rent for $2,000, $1,800, and $1,800 for a total of $5,600 a month for the 3 apartments.

Located in the tree-lined and quiet neighborhood of Southwest Gardens, which is a short walk to the Botanical Gardens, Tower Grove Park, The Hill, and a short drive to Barnes or SLU Hospitals (making it very convenient for travel nurses and other medical professionals). Each unit has 2 bedrooms and one bathroom. The three furnished units are professionally updated throughout with high-end furnishings and offer tenants absolutely everything a tenant would need for their stay including Casper mattresses, blackout curtains, Internet TVs, fully stocked kitchens, etc. Each tenant also has their own dedicated laundry. All furnishings are included in the sale.

The tenants love having a second bedroom so they can travel in pairs or have visitors while they are away. There is also a fenced backyard in case they travel with a dog. The two upstairs units each have a porch. Off-street parking is also available behind the building. One unit is not furnished and will be made available for an owner-occupant. An investor could also make the last unit a medium-term rental or fill it with a long-term tenant.

There is a lot of demand for these apartments, they rent quickly when available and are easy to manage. If the non-furnished apartment was also rented as a furnished apartment at $1,800 the monthly income for the building would be $7,400 a month, which is $88,800 annualized. The average rent for an unfinished 2-bedroom apartment within a mile in the last 12 months is $1,439.

Search The MLS

Search the MLS below using the city, postal code, address or listing id of the desired property.

Resources