20-Unit Apartment Complex on Morganford

Prime investment opportunity with strong rental demand and potential for increased income.

Meticulously maintained property situated in the vibrant Tower Grove South neighborhood.
The property is located within walking distance to Tower Grove Park, Botanical Gardens, numerous restaurants, shops, and nightlife on Morganford.

Property Overview:

This property is made up of three tax parcels consisting of each building and the parking lot.
Two side-by-side 10-unit brick buildings, built in 1965.
The total above grade square footage is 10,852 with a total leasable area of 11,136 sq ft.
1-bedroom apartments, all above grade units are 543 sq ft and all below grade units are 612 sq ft.
The buildings are configured with four units per floor with eight above grade units in each building.
Easy-to-rent and maintain units with low turnover.

Building Features:

Each building has 3 levels.
On-site laundry facilities in both buildings (coin-operated washers and dryers).
Private storage for tenants and a large storage room for supplies.
Maintenance shop in the basement with slop sink and shelving.
Copper and PVC stacks for plumbing.
Baseboard heating and hotel-style cooling units which keep costs and maintenance low.
Pitched roofs, with exterior doors featuring key code access.
Security cameras installed for enhanced safety.
Ample tenant parking at the rear of the property.

Unit Upgrades:

All units have received significant updates:

Appliances: Stove, fridge, and garbage disposals were replaced.
New interior and exterior doors were installed.
Refinished hardwood and laminate floors.
New vanities, countertops, and medicine cabinets in all units were added.
Six units feature new cabinets and bathtubs.
Units 3537-09 and 3541-10 now have private washer and dryer laundry hook-ups added.

Full Renovations (Units 3537-09, 3537-10, and 3541-09):

Renovations included new front doors.
Updated plumbing and electrical.
Renovations also included new windows, floors, and walk-in closets.
Brand-new kitchen and bathroom in Unit 3541-10.

Building Improvements:

New front entry doors with secure coded access.
Public halls and stairs carpeted (May 2021).
Federal Pacific electrical panels replaced with Murray panels in 2015.
Asphalt resealed and restriped (2013, 2021, and July 2023).
Quarter-turn shut-offs at all sinks and toilets.
Icemaker hookups added for refrigerators.

Plumbing & Safety Features:

Roofs replaced in September 2011 (25-year architectural shingles).
Water shut-offs updated in 2023 (main and basement access for each unit).
Sixteen new security cameras installed in 2023 (long-distance viewing, 2+ week backup).
Fire extinguishers, exit lighting, and railings installed for safety and insurance compliance.

Potential Rent Increases:

Current rents are below market rent for nearby apartments, current average rent is $725.
Average market rent for similar sized 1-bedroom apartments in the area range from $895 – $1,050.
There is an additional opportunity for rent increases with minor cosmetic updates.

Additional Features:

Smart lock key system on all deadbolts for enhanced security.
New larger satin nickel mailboxes, including office mailboxes in hallways.
2024 improvements include new stair railings, updated flooring in 2 units, and new AC units.

Virtual Tours Available:

3541 Morganford – Unit 2: https://bit.ly/3541_Unit_2
3541 Morganford – Building Laundry Facilities and Storage: https://bit.ly/3541_Basement

The seller will be reviewing offers at 2 p.m. Friday, October 25th.

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12 Turn-Key Single-Family Homes For Sale

Rare opportunity to acquire a portfolio of 12 single-family homes, all concentrated within the desirable 63137, 63134, and 63042 zip codes. This portfolio offers an excellent blend of stability, income, and future upside potential, making it ideal for both seasoned investors and those new to real estate investing.

Strategic Location: The portfolio includes 9 homes in the 63137 zip code, 2 in the 63134 zip code, and 1 in the 63042 zip code, all within close proximity to each other, simplifying management and oversight.

Spacious Layouts: Each home features a minimum of 3 bedrooms and 1 bathroom, with one standout property at 6947 Midwood offering 5 bedrooms and 2 bathrooms, appealing to a wide range of tenant profiles.

Income-Producing: 11 of the 12 homes are currently leased to qualified tenants, ensuring immediate and consistent rental income from day one.

Recent Upgrades: The current owners have invested approximately $180,000 into capital improvements and updates including roofs, driveways, water heaters, landscaping, appliances, flooring, bathroom and kitchen remodels since 2022. This reduces operational headaches and allows for a smooth ownership transition.

Long-Term Value: A savvy investor could continue leasing these homes for years, capitalizing on steady income, and then sell individual properties to owner-occupants at a premium for top dollar.

Value-Add Potential: Significant upside exists by increasing rents to the market value, potentially boosting gross monthly income to over $10,000. There is the added potential to convert all houses to Section 8 tenants for a rental income boost, with an upside of over $18,000/month.

Seller will be reviewing offers October 8th at 12:00pm. Please include a response time of October 9th at 12pm.

Paying buyers agent 1.5%

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Updated Brick Duplex in Princeton Heights

Updated brick duplex in South City’s Princeton Heights, just half a mile from Christy Park, offers two distinct units with lots of character.

The first-floor unit has one large bedroom, a small bedroom/office, and a private deck. The upstairs unit features two large bedrooms and one bathroom.
Both units include refinished hardwood floors, central air and heat, new vinyl windows (2020), original stain glass windows, and walk-in closets with French doors.
The property sits on a large corner lot including a fenced-in backyard and a 21×19 detached garage.
Tenants have access to basement laundry facilities.
The duplex generates $25,800 annually, with the first-floor unit renting for $1,050/month (lease ends 12/31/24) and the upstairs unit at $1,100/month (lease ends 3/31/25).
This combination of modern updates and steady rental income makes it an appealing investment.

Paying buyers agent 2.5%

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14-Unit Income Producing Apartment Complex

Built in 1960, this 14-unit apartment complex features recently updated 2-bedroom, 1-bathroom units across three buildings. With strong rental income and recent property upgrades including a new roof and parking lot, this investment offers immediate returns and future growth potential.

Property Details: Built in 1960, the property has a total of 11,536 square footage across three buildings on a 41,818 square foot lot.
Value-Add Potential: There is opportunity to significantly enhance property value and cash flow by increasing below-market rents to align with current market rates, coupled with optimizing property management efficiencies for improved operational performance. There is the added potential to reduce or entirely eliminate utility expenses by billing tenants for their usage.
Unit Details: All 2-bedroom, 1-bathroom units have been recently updated across three buildings.
Spacious Living: The total building square footage is 11,536, situated on a generous lot of 41,818 square feet or 0.96 acres.
Recent Upgrades: Significant improvements include a roof less than 5 years old and a newly redone parking lot within the past 2 years.
Security Features: Safety is a priority, with onsite cameras located at the complex.
Basements & Laundry: The property includes seven basements, each basement is semi private, with 2 apartments sharing one basement. There are 14 washer and dryer hookups (no machines currently in place).
Strong Rental Income: The current rents total $10,185/month, with potential for increases.
Comparable Sale: The nearby 2202 Hord recently sold for $60,000 per unit, with each unit rented at $605 per month. Hord had a gross income of $72,600, while Chambers currently generates $122,220 annually. Chambers benefits from more units, higher rents, and additional rental income potential.

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Fully-Occupied, Income-Producing 3-Family

Seize the opportunity to own this fully occupied, cash-flowing property, currently generating $2,035/month with potential for increased rents.

This solid brick building features central heating and air conditioning in all units, including one newly renovated unit and two long-term tenants.
Major updates include a new roof and sewer laterals in 2021 and 2024, new appliances, two new furnaces in 2021, a new AC unit in 2023, and a new fence in 2024.
With its strong return on investment and room for rent growth, this property is a valuable addition to any investment portfolio.
Offered at a 9% cap rate, with modest rent increases, this can easily exceed a 10% cap rate.

Don’t miss out—make your offer today and capitalize on this outstanding opportunity!

Paying buyers agent 2%.

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Well-Maintained 2-Family in U City

Check out this well-maintained two family located in University City, within walking distance of Washington University, Lewis Park, and the Heman Park Pool.

There is the potential to add value to this property with cosmetic updates to the kitchens and baths.
The 2,576 SF building is comprised of two bedroom units that are each approximately 1,250 SF.
The average rents of 13 two bedroom apartments within 1.5 miles in the last year is $1,778.
The building features hardwood floors, fireplaces in each unit, a large living room and dining room, central air conditioning, and radiant heating with one of the boilers being recently replaced.
A new AC was installed for the upper level in 2023.
There is a PVC plumbing stack and the lateral has been replaced.
There is an enclosed porch on the back of each apartment, storage units for the tenants, and laundry hookups in the basement.
The tuckpointing is in great shape, and there is a brick two car garage in the rear of the property.
There is a long term month-to-month tenant in the first floor unit, and the second floor is vacant.
Sales comparables range from $300k-$758k in 63130 zip code depending on size and updates.
A virtual tour of the upstairs unit is available here: https://bit.ly/7118_2F

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8 Units in the Historic Tower Grove East

Fully updated 8-unit apartment building in the historic Tower Grove East neighborhood.

Located just 1.5 miles from Tower Grove Park and all the amenities South Grand has to offer.
The building is surrounded by popular neighborhood restaurants and coffee shops for tenants to enjoy.
Built in 1927, this brick building has a total square footage of 6,400 on a 6,288 square foot lot (0.144 acres). This property is priced to sell at $102 per square foot.
Each 1-bedroom, 1-bathroom unit boasts 750 square feet of modern living space.
All units were completely renovated in 2021 with granite countertops, stainless steel appliances (including gas stoves, refrigerators, microwaves, and dishwashers), in-unit washers and dryers, and keyless locks throughout.
Major property upgrades in 2021 include new condensers, PVC plumbing, sewer laterals, and a TPO roof.
There is potential to increase rent as-is. Using an estimated pro forma rent amount of $1,024 per month, a fully-occupied building would generate $8,192 per month, or $98,304 annually. The pro forma rent amount is based on 33 1-bedroom apartment rentals seen within 1 mile of the property in the last year, according to Rentometer.com.
A virtual tour of one of the units is available here: https://bit.ly/2906_2W

Paying buyers agent 2%

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14 Units Available Now in St. Charles

Opportunity to purchase two multi-family buildings located in St. Charles!

St. Charles, the fastest-growing county in Missouri, has experienced rapid rent growth, with continued growth predicted in the future.
These buildings are close to historic Main Street St. Charles, a few blocks away from Blanchette Park, which features a large aquatic center, tennis courts, and baseball fields. The location also offers easy access to the Blanchette Bridge and Katy Trail.
These properties have individual tax parcels but are being sold together for a total of 14 units.
One building is an 8-family, and the other is a 6-family, with all units featuring 1-bedroom and 1-bathroom layouts. Both buildings were built in 1965.
The building size for both buildings is 6,440 square feet, and the total lot size across both parcels is 0.361 acres.
Some unit and building upgrades have been completed in recent years.
There is great potential to increase rent significantly both as-is and with additional updates.
There are currently 4 vacancies, with a 5th unit scheduled to be vacant at the end of July.
With future updates to the units, including modern flooring, lighting, stainless steel appliances, kitchen cabinets, countertops, bathrooms, and in-unit laundry, rent could potentially be increased by 20%-35%.
Estimated upgrades to the units could range from $15,000-$20,000 per unit, depending on the level of finish and upgrades. Please consult with a professional for actual bids for the completion of renovations.
With units potentially renting at $995 after updates, the building would generate $13,930 a month, which is $167,160 annualized.
There are 26 parking spots available for tenants.
There is an open grassy area on the property that could be made into an enclosed dog park.
These properties are located in a flood plain.
A virtual tour of unit 2229 is available here: https://bit.ly/45MXns2

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Updated Gate District Four-Family

This brick 4-family is situated between Lafayette Park and the Compton Hill Reservoir in The Gate District, one block off Lafayette Ave where extensive new construction/development has taken place.

- Updated systems (see photos) include central heating and air conditioning throughout, and newer water heaters.
- All units have newer kitchens, bathrooms, flooring, paint, etc. Some units have in-unit laundry.
- Each unit boasts spacious 2-bedroom, 1-bathroom layouts with 1,234 square feet per unit. The upstairs units have a bonus room suitable for a small office space. All units are fully occupied.
- Video walkthrough of all four units, basement, and exterior: https://youtu.be/Xz-SGuzXUnk
- Link to a Google Drive folder with disclosures, rental verification, leases, and other supplemental documents: https://bit.ly/3xYhpTA
- Unit/property photos: https://bit.ly/3y47OdW
- Complete 3D scan / virtual tour of unit 2823: https://bit.ly/3UIHm2n