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.

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.

20-unit apartment complex with all brick exterior entrances and a 22-unit storage building available now!

• Unit Mix: The complex includes 14 two-bedroom units and 6 one-bedroom units.
• Storage Building: The 90 x 30 storage building, currently used by the owner, offers various unit sizes and presents an additional income opportunity once rented out.
• Amenities and Utilities: Common laundry facility available for tenant use. Each unit is equipped with all-electric appliances and includes 2+ parking spaces. Tenants are responsible for electricity and water expenses.
• Convenient Location: Situated on the corner of Old Hwy 21 and Konert/Lonedell, just 1 mile from Hwy 141, providing quick access to South County, Arnold, and Gravois Bluffs.

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!

This updated four-family property is located in the desirable Shaw neighborhood, less than 300 feet from the Missouri Botanical Garden—visible from your front steps—and just a 10-minute walk to Tower Grove Park. Fully occupied; Airbnb unit can be viewed as bookings allow. Contact agent to schedule.

Neighborhood Appeal: Shaw is a quiet, sought-after neighborhood in St. Louis, surrounded by green spaces and distinguished Victorian homes. Tenants enjoy close proximity to local cafes, restaurants, and the many amenities offered by the Botanical Garden and Tower Grove Park.

Unit Layouts and Features: The property includes two spacious 2-bedroom, 1-bathroom units on the main level and two 3-bedroom, 1-bathroom units upstairs. The upstairs units include additional amenities like in-unit washer and dryer facilities and keyless entry. The third bedrooms in these units are bonus rooms with IKEA closets, ideal as office spaces. Each unit offers approximately 1,066 square feet of living space, with the total building size at 4,262 square feet (excluding the basement).

Large Backyard and Airbnb: The property boasts an enormous backyard (see photos), providing tenants with additional outdoor space. Unit 4260A is currently utilized as an Airbnb, generating an average income of $2,083 per month.

Recent Updates: The property has undergone significant improvements, including new furnaces, condensers, and three water heaters in 2022. Thirty feet of sewer lateral, primarily under the basement, was replaced with PVC in 2022. The roof was replaced in two phases, with half upgraded to TPO in February 2023 and the remainder in 2024.

Bathroom Renovation: Unit 4260 received a near $10,000 bathroom renovation in 2023, enhancing its appeal and value.

Virtual Tour of 4262: bit.ly/4262_Castleman

Virtual Tour of 4262A: bit.ly/4262A_Castleman

Airbnb listing (4260A): airbnb.com/slink/yNuzBSvi

Supplements (inspections etc): bit.ly/4260Castlemansupp

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%.

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

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.