Well-maintained apartment complex located in the South Hampton neighborhood, across the street from Christy Park and a half mile from a $72M apartment development that has broken ground.

• The seller has just completed recently adding central heating in the apartments which will significantly reduce heating costs, will increase rent potential in the future, and adds value to the building.
• Built in 1928, this building has beautiful architectural detail including terrazzo floors in the common areas.
• There is a value-add component to the property with many rents below market. Nearby similar 1-bedroom apartments are renting for as much as $995.
• Owner has raised rents of some non updated units to $885 a month. 
• 9 apartments have been recently updated, with 1 unit has been partially updated. 
• The owner is now charging $40 to new tenants or renewal for internet. There are some units that have not been charged for internet yet.
• There is now additional income from the common laundry area in the basement. 
• Building has updated electric panels and exterior service. 
• Storage units are available for tenants, with the potential to add additional storage in the basement. 
• There is some pvc plumbing, pex plumbing is being added to renovated units.
• There are 3 commercial spaces rented on the first floor.
• Virtual walkthrough tours of two units are available here: https://bit.ly/3wXgsur & https://bit.ly/3wQaknR

Explore the potential of this promising 4-family property, featuring 1-bedroom, 1-bathroom units. Here’s what makes this property a compelling investment opportunity:

1. Steady Rental Income: Currently, three out of four units are occupied with dependable month-to-month leases, each generating $565 in rental income. This consistent cash flow provides a solid foundation for your investment.
2. Rent Growth / Market Insights: There is room to increase rents in the future, boosting your rental income as you make improvements to the property. According to Rentometer, nearby 1-bedroom apartments are currently commanding rents between $775 and $1,100, depending on the extent of updates.
3. Package Deal Opportunity: This property can be purchased individually or as part of a larger portfolio of other four-family properties in South City. Inquire for additional information on portfolio options.
4. Sold As-Is: The property will be sold as-is, allowing you to make renovation decisions that align with your investment strategy.

This brick 4-family property, boasting all 1-bedroom units and a total of 3,726 square feet, is brimming with untapped potential. Here’s what sets this property apart:

1. Ideal Location: This property is located in the Mt. Pleasant Neighborhood near Carondelet Park.
2. Investment Opportunity: With one of the four units already in excellent condition, commanding a monthly rent of $675, this property offers immediate income. After some updates, comparable units nearby rent for $800 which could result in an annualized potential income of $38,400.
3. Comparable Sales: Recent sales of neighboring 4-family properties have ranged from $255,000 to $365,000, depending on size and updates. This reflects promising market potential.
4. Package Deal Opportunity: This property can be purchased individually or as part of a larger portfolio of other four-family properties in South City. Inquire for additional information on portfolio options.
5. Sold As-Is: The property will be sold as-is, allowing you to make renovation decisions that align with your investment strategy.

This building has been demoed and now stands as a blank canvas ready for your vision. This unique opportunity holds tremendous potential for those looking to shape the future of this property. Here’s why this property is worth your attention:

1. Ideal Location: The building is located in Dutchtown near St. Mary’s High School, just a short drive to Tower Grove Park, St. Louis University, and Downtown St. Louis.
2. Creative Freedom: With the building cleared and prepared for redevelopment, you have the creative freedom to transform it according to your vision and investment strategy.
3. Promising Upside: The property offers substantial upside potential, with nearby four-family properties fetching prices as high as $380,000. This demonstrates a strong market demand in the area.
4. Rental Potential: In the vicinity, the average rent for 1-bedroom units is $720, with some 1-bedroom units renting for as much as $899. According to Rentometer, nearby one-bedroom apartments are currently renting for $675 to $850, depending on their level of updates.
5. Package Deal Opportunity: This property can be purchased individually or as part of a larger portfolio of other four-family properties in South City. Inquire for additional information on portfolio options.
6. Sold As-Is: The property will be sold as-is, allowing you to make renovation decisions that align with your investment strategy.

This 5,100 sq-ft 4-family property boasts spacious 2-bedroom, 1-bathroom units. Here’s why this investment deserves your attention:

1. Recent Updates: Two units have recently undergone renovations, enhancing their appeal to tenants and reducing immediate renovation expenses. A new roof was installed in 2021.
2. Steady Rental Income: Three out of four units are currently occupied, providing a reliable source of income. Rents are currently $725, $565 (month-to-month lease), and $725, ensuring consistent cash flow.
3. Market Insights: According to Rentometer, nearby 2-bedroom apartments command rents ranging from $825 to $1,550, depending on the extent of updates.
4. Package Deal Opportunity: This property can be purchased individually or as part of a larger portfolio of other four-family properties in South City. Inquire for additional information on portfolio options.
5. Sold As-Is: The property will be sold as-is, allowing you to make renovation decisions that align with your investment strategy. An inspection report is available upon request.

Discover a new investment opportunity with this 3,996 square foot four-family property, ideally situated directly across the street from St. Mary’s High School. This value-add property offers the potential for substantial returns. Here’s what makes it special:

1. Prime Location: Located just steps away from St. Mary’s High School, this property enjoys a convenient location in the heart of the community.
2. Income Potential: Currently, two units are occupied with a month-to-month lease, generating $495 in rental income. This presents an immediate revenue stream, and there is potential to increase this rent with additional updates.
3. Vacant Units: Two units are vacant, offering an opportunity for customization and rent optimization. One of these vacant units may require some finishing touches, while the others are ready for a full update to maximize rental income.
4. Rental Market Insights: According to Rentometer, nearby one-bedroom apartments are currently renting for $675 to $850, depending on their level of updates. This data underscores the potential for increased rental income once the units are renovated.
5. Package Deal Opportunity: This property can be purchased individually or as part of a larger portfolio of other four-family properties in South City. Inquire for additional information on portfolio options.
6. Sold As-Is: The property will be sold as-is, allowing you to make renovation decisions that align with your investment strategy.

This value-add 4-family near Tower Grove Park is a great opportunity waiting for the right investor. Here’s why this property stands out:

1. Ideal Location: Located near Tower Grove Park, this property boasts a prime location in South City, offering a strong rental demand.
2. Recent Renovations: One vacant unit has already undergone renovation, and the HVAC systems were updated, while the roof was partially replaced where needed in 2022.
3. Rental Income: Presently, three units are tenant-occupied, generating monthly rents of $725, $465, and $465. With further updates and improvements, there’s the potential to annualize $34,800 in rental income, maximizing your return on investment.
4. Package Deal Opportunity: This property can be purchased individually or as part of a larger portfolio of other four-family properties in South City. Inquire for additional information on portfolio options.
5. Sold As-Is: The property will be sold as-is, allowing you to make renovation decisions that align with your investment strategy.

Explore this value-add property near Tower Grove Park. Here’s why this building is a standout opportunity:

1. Ideal Location: Located near Tower Grove Park, this property boasts a prime location in South City, offering a strong rental demand.
2. Renovation Progress: Two of the three vacant units have been in the process of updating since 2022, including updated HVAC systems.
3. Rental Income: Presently, one unit is tenant-occupied, generating $465 per month. The remaining three units are vacant, offering the potential for increased rental income. With further updates and improvements, there’s the potential to annualize $34,800 in rental income, maximizing your return on investment.
4. Package Deal Opportunity: This property can be purchased individually or as part of a larger portfolio of other four-family properties in South City. Inquire for additional information on portfolio options.
5. Sold As-Is: The property will be sold as-is, allowing you to make renovation decisions that align with your investment strategy.

Explore the potential of this 4-family property, featuring 1-bedroom, 1-bathroom units. Here’s what makes this building stand out:

1. Ideal Location: Nestled near Tower Grove Park, this property boasts a prime location in South City, offering a strong rental demand.
2. Renovation Progress: Three of the four units have already seen updates or are in the process of renovation in 2022, along with updated HVAC systems. Recent improvements include a new roof installation, as well as the replacement of some doors and windows.
3. Rental Income Potential: Currently, one unit is occupied at $650 per month, with the remaining three units vacant. With additional updates and work, there is potential to annualize $34,800 in rental income.
4. Package Deal Opportunity: This property can be purchased individually or as part of a larger portfolio of other four-family properties in South City. Inquire for additional information on portfolio options.
5. Sold As-Is: The property will be sold as-is, allowing you to make renovation decisions that align with your investment strategy.

Opportunity to purchase a renovated 4-family a short walk to Forest Park, Barnes Jewish Hospital, The Cortex, Washington University Medical School, Siteman Cancer Center, and Children’s Hospital.

• Building features updated kitchens with stainless steel appliances including dishwasher, in unit laundry.
• The bathrooms have been updated with modern finishes.
• The building has central heating and air conditioning, a 2 story deck, a fenced backyard, and off street parking.
• The building has a PVC plumbing stack, PEX plumbing, the lateral was replaced, and there is updated electricity and furnaces.
• There is private storage in the basement for each of the tenants.
• The building is comprised of 2 one bed units and 2 efficiency units.
• One unit has been left vacant to show, and for a potential owner occupant.
• The units are currently rented under market rent for $995, $945, 910 a month.
• The average rent of 30 similarly sized 1-bedroom apartments rented within a mile in the last year is $1,557 a month.

Take the virtual tour: https://my.matterport.com/show/?m=cp7HFqUtDtk