Rare opportunity to acquire an updated 7-family property with a 2-car garage in St. Charles. The main building includes five units, while two additional units are located in a separate building at the rear of the property. Tenants enjoy access to a fenced backyard and a covered front porch. The main building offers approximately 2,415 sq ft of living space, with an estimated 1,100 sq ft in the rear building, totaling roughly 3,515 sq ft.

Currently, six units are occupied. Once fully leased—including the seventh unit and the second garage space (which rents for $50/month)—the property is projected to generate $4,335 per month in gross rental income. There is solid potential for rent increases. The average rent for studio apartments within a 10-mile radius over the past year is $1,207, while one-bedroom units within a 3-mile radius averaged $1,309. Over the past 12 months, the property generated $47,531 in income, with operating expenses totaling $20,540.

High-Value Add Potential
Located in the heart of South St. Louis City, this property presents a rare investment opportunity.

Major Renovations Completed
Most of the heavy lifting is done—investors can add the finishing touches to maximize value.

Rare & Spacious Units
Large 3-bed, 2-bath townhome-style units are in high demand, commanding top market rents.

Built-In Equity & Strong Cash Flow
Priced competitively, offering investors the potential for immediate equity and significant monthly returns.

Strong Sales Comps
Similar townhome units are pending sale at $379,000, while smaller 2-bed, 1-bath duplexes have sold for up to $320,000.

Prime Location
Centrally located near major roads, public transit, shopping, dining, and just 10 minutes from downtown St. Louis—making tenant demand high.

High Rental Potential
Rental projections of up to $1,600/month per unit ensure a low-maintenance, high-yield investment for years to come.

Property Highlights

• Situated in the Southwest Garden neighborhood, one of St. Louis’ most desirable neighborhoods. Steps from the Missouri Botanical Garden, Barnes Hospital, Washington University Medical School, Forest Park and Tower Grove Park, offering a highly sought-after setting for tenants.
• All four units are in similar condition, offering consistency and ease of management. A well-maintained, income-generating asset in a high-demand rental market.
• Total building size: 3,536 sq. ft.
• The building is priced at $150 sq ft.
• Central heating and cooling for all units.
• Laundry hookups in the basement for each unit.
• Four true 1-bedroom, 1-bathroom units – each approximately 800 sq. ft. (not shotgun, walkthrough layouts).
• This four family has the potential to be converted from one bedroom units to two bedroom units by creating a wall with bedroom at the front of the apartment. An open kitchen with island with connected living area setup is possible by removing the wall between the kitchen and the living room.
• 2 bedroom apartments in the area have rented from $1,500-$2,225, with a second bedroom and open kitchen concept there is potential to significantly increase the rents.

The Building & Systems

• TPO roof (approximately 6 years old).
• Mostly vinyl exterior windows with aluminum capping.
• All PVC stacks and drains. All PVC lateral under the basement slab (mix of PVC and clay for laterals outside the building).
• Parking pad at the rear of the building for approximately 4 vehicles.

Virtual Tour

• Unit 1W – https://my.matterport.com/show/?m=JZg61xTjDAB&mls=1

Property Features:

• Well-maintained property with significant rental upside and steady income potential.
• Updated kitchens and bathrooms, electrical, and plumbing, beautiful hardwood floors, stained glass windows.
• Fenced backyard with brick garage and secure parking.
• Recently updated central HVAC systems.

Prime Location in The Grove:

• Rare and highly desirable opportunity in one of St. Louis’ most dynamic neighborhoods.
• Close to Forest Park, Barnes Hospital, Wash U. Medical School, The Botanical Gardens, The Cortex, restaurants, nightlife, major hospitals, and SLU campus.
• The Grove is a very desirable neighborhood to live in for the medical community, students, and professionals driving strong rental demand.

Rental Income Potential:

• Current rental rates: $1,095 and $1,395 per month.
• Comparable units in the area lease for $1,400+ per month, leaving room for rental growth.
• 3 of the 4 generates over $3,500 in monthly income, an ideal for owner-occupants looking to house-hack.

Tenant Appeal:

• Thoughtfully designed 2-bedroom, 1-bathroom layouts with modern finishes.
• Low tenant turnover, thanks to the property’s charm and excellent location.
• Private backyard provides space for tenants to congregate and have an enclosed place for a pet.

Virtual Tours:

• 4501 Wichita – 1E: https://my.matterport.com/show/?m=EVFjh9eQJ1W&mls=1

Sought-After Soulard Opportunity:

Two renovated duplexes in St. Louis’ vibrant Soulard neighborhood, surrounded by bars, restaurants, the iconic Soulard Farmers Market, and the renowned Mardi Gras parade. Steps from Goshen Coffee (best in Soulard!), Chavas, and more.

Modernized Units in Historic Charm:

These brick buildings feature renovated units with all new interiors; new stainless steel appliances, new flooring, new in-unit laundry, new cabinets, new countertops, and so on. Three of the four units span two floors, offering flexible and unique layouts. Unit sizes range from 760 to 1,235 square feet, including two 1-bed 1-bath units, one 2-bed 1-bath unit, and one 2-bed, 2-bath unit. All units finished to the same standard with same fixtures, amenities, etc. Extensive exterior work completed as well, including roof, new deck, landscaping, painting, gutters, and more. Both on-street and off-street parking are available, with one unit showcasing a large deck overlooking a large fenced backyard and parking area large enough for ~six cars.

Rental Income & Development Potential:

Two units are currently vacant, one in each duplex. Remaining larger units will be left available for potential owner occupants.  Market rents range from $1,145 for the smallest and $1,795 (conservatively) for the largest with a projected income of $6,030/month or $74,160/year once fully rented.  Leases are on a great Summer cycle – they end on June 30th, 2024.  Additionally, the large lot leaves the possibility of an over garage unit(s) development at the rear/alley of the property.

A Virtual Tour is Available for All Units:

• Unit 1004 — https://bit.ly/1004_Geyer
• Unit 1004A — https://bit.ly/1004A_Geyer
• Unit 1006 — https://bit.ly/1006_Geyer
• Unit 1006A — https://bit.ly/1006A_Geyer