This is a well-maintained all brick 4 family in the Webster Groves school district located in a great location. These are all one-bedroom units and is 100% occupied. The building has newer thermal windows, new HVAC systems, circuit breakers, a newer roof, hardwood floors, a large parking lot, and washer and dryer hookups for each unit in the basement. This property can be sold with 7606 Big Bend.
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This is a well-maintained all brick 4 family in the Webster Groves school district located in a great location. These are all one-bedroom units and is 100% occupied. The building has newer thermal windows, new HVAC systems, circuit breakers, a newer roof, hardwood floors, a large parking lot, and washer and dryer hookups for each unit in the basement. This property can be sold with 7608 Big Bend.
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Portfolio of 22 homes located in north St. Louis County. 21 of the 22 homes are rented and all of the tenants are paying. The 21 occupied homes are currently paying $13,440 a month which is $161,280 annualized. Expenses are $3,796 a month and $45,555 annually. The cap rate for the portfolio is 12.9% based on current income and expenses. The vacant home is being made rent-ready and market rent is $750, with that home rented the portfolio could generate an additional $9,000 annually. The homes are a mix of 3, 2 and 1 bedrooms. One home could be worth approximately $150,000 if it were sold retail to an owner occupant when the tenant moved out and the home was prepped for sale. Another home could be worth $100,000 if it were updated and sold to an owner occupant. Portfolio to be sold as-is with no financing contingencies. Contact listing agent for more detailed information.
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Fully renovated 2 family in the heart of The Grove featuring large 3 bed 2 bath townhome units. The historic renovations included updating with modern kitchens and baths, updated systems including 200amp electric service, new HVAC systems, updated plumbing, lateral replacement, roof replacement, tuckpointing, window replacement, refinishing original hardwood floors, etc. Buildings are 2,936 sq ft with units that are each approximately 1,468 sq ft. Unit 924 is rented for $1,745 a month and unit 926 is rented for $1,695 a month. There is the potential to raise rents- similar size apartments have rented from $1,950-$2,200 nearby recently. Expenses and maintenance costs are low, annual expenses are $5,041. The building is tax abated through 2027. There are two almost identical buildings on that block for sale so there is the potential to purchase all 3 buildings which are the only buildings on the block. The other addresses that can be purchased are 916-918, 920-922 Talmage.
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Fully renovated 2 family in the heart of The Grove featuring large 3 bed 2 bath townhome units. The historic renovations included updating with modern kitchens and baths, updated systems including 200amp electric service, new HVAC systems, updated plumbing, lateral replacement, roof replacement, tuckpointing, window replacement, refinishing original hardwood floors, etc. Buildings are 2,936 sq ft with units that are each approximately 1,468 sq ft. Unit 920 is vacant and 922 is rented month to month at $1,700. There is the potential to raise rents- similar size apartments have rented from $1,950-$2,200 nearby recently. Expenses and maintenance costs are low, annual expenses are $5,041. The building is tax abated through 2027. There are two almost identical buildings on that block for sale so there is the potential to purchase all 3 buildings which are the only buildings on the block. The other addresses that can be purchased are 916-918, 924-26 Talmage.
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Opportunity to purchase a value add property located just a short walk to all of the shops and restaurants on S. Grand. Built in 1926 with seven 2-bed apartments, seven 1-bed apartments, 3 studios, and two commercial spaces. There are a number of renovation projects happening close by, with rents continuing to rise in the neighborhood. The commercial spaces are approximately 1,920 sq ft and 1,480 sq ft and would generate approximately $12 per sq ft. The building has been gutted and is ready for rehab. Permits have been previously approved for construction. Projected market rents after renovation are $1,200 for the 2 beds, $900 for the 1 beds, $695 for the studios. The commercial spaces have rent projections of $1,920 and $1,480, respectively. The building has a garage on the lower level for the tenants. There are building plans available to review at https://adobe.ly/40kXHu0. Property needs a full renovation and is being sold as-is.
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Unique four family is located in Tower Grove East one block from Tower Grove Park and a short walk to the restaurants on S. Grand. Massive 4,820 sq ft building built in 1908 has intricate brickwork, a stone front porch, a detached garage and off street parking in the rear and a fenced backyard with porches on the back. The 1,250 sq ft units have updated kitchens with dishwashers and room for eat in kitchen, updated baths, hardwood floors, updated vinyl windows, an area that is great for an in-home office. The systems are updated with updated electric panels, pvc plumbing stacks, there is a torched down roof, furnaces were replaced in the last 10 years and are in good condition. Three of the units are currently rented for $895, $860, $850. One unit has been recently vacated and would be ideal for owner occupancy. The rents for these apartments have potential to be raised substantially, 2 bedroom 1 bath apartments within 1/2 mile rent for $1,055-$1,750 depending on size and updates.
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Fully renovated 2 family in the heart of The Grove featuring large 3 bed 2 bath townhome units. Historic renovations included updating with modern kitchens and baths, updated systems including 200amp electric service, new HVAC systems, updated plumbing, lateral replacement, roof replacement, tuckpointing, window replacement, refinishing original hardwood floors, etc. Buildings are 2,936 sq ft with units that are each approximately 1,468 sq ft. Unit 918 is rented month to month for $1,715 a month and 916 is leased through 6/30/22 at $1,645. There is the potential to raise rents- similar size apartments have rented from $1.950-$2,200 nearby recently. Expenses and maintenance costs are low, annual expenses are $5,041. The buildings are tax abated through 2027. There are two almost identical buildings on the block for sale so there is the potential to purchase all 3 buildings which are the only buildings on the block. The other addresses that can be purchased are 920-22, 924-26 Talmage.
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Located in The Grove these 3 bed 2 bath townhomes underwent a historic renovation including updating with modern kitchens and baths, updated systems including 200amp electric service, new HVAC systems, updated plumbing including PVC plumbing stack, lateral replacement, roof replacement, tuckpointing, window replacement, refinishing original hardwood floors, etc. Building has great curb appeal and original fireplaces, in-unit laundry. Property has a two-car garage with a space for each unit. Unit 4307 is leased for $1700 through 12/31/21, unit 4309 is leased for $1775 through 10/31/21. There is the potential to raise rents- similar size apartments have rented from $1,950-$2,200 nearby recently. Expenses and maintenance costs are low, the building is tax abated through 2027 and the total expenses are $6,489 annually. Buildings can be purchased along with 916-18, 920-22, 924-26 Talmage.
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Search the MLS below using the city, postal code, address or listing id of the desired property.