Here’s an opportunity to add a cash-flowing 3-family in an up-and-coming neighborhood to your investment portfolio! These are all 3 story townhomes with 3 bedrooms and 2 1/2 baths. The building has so many UPDATES including, but not limited to renovated kitchens and baths, new plumbing and electric, hardwood floors, new carpeting, ceramic flooring, subway tile surround, and central air conditioning. The basements are unfinished for laundry and storage. Each unit is rented for $1050 and could be raised to $1350.

On a quiet tree-lined street in North Hampton with a grassy median this striking 12-unit building built in 1929 features 10 one-bed four-room units & 2 studios.

2017 renovation included new soft close cabinets, white quartz countertops, in-unit laundry, 4 piece stainless steel appliances. Building features central air with all new condensers. Bathrooms have been completely renovated, hardwood floors refinished. Building dry-walled and re-plastered.

New insulated TPO roof was installed. New vinyl insulated windows were installed, New commercial exterior meter bases, new 200 amp service panels. New light fixtures and electrical finishes. New wiring in kitchens, bathrooms and basement. New 2 ” copper main water service. New PEX water lines, PVC waste lines, PVC drain lines throughout. Professionally landscaped. 11 of the 12 units were fully renovated, the 12th unit has an updated bathroom. 10 of the 12 units have in-unit laundry and the other two have laundry provided in the basement.

Rent Comparables In The 63139 Zip Code:

• 5014 Pernod – 1 bedroom – $900 – $950
• 5204 Oleatha – 1 bedroom – $925 – $975
• 4999 Oleatha – 1 bedroom – $875
• 5008 Oleatha – 1 bedroom – $895
• 4960 Odell – 1 bedroom – $950
• 4947 Arsenal – 1 Bedroom – $975
• 3537 S. Kingshighway – Studio – $700 – $1000
• 6244 Oakland – Studio – $850

Rents are low compared to similarly updated units in the area. There is potential to raise the rents in this building significantly without having to complete any additional upgrades. The tenants are fantastic and there are a number of long-term tenants in the building, some have been there since the building has been renovated.

This 4 family in the newly developed Crown District has been beautifully rehabbed. This is an excellent owner-occupant or investment opportunity, passing the FHA self-sufficiency test at 3.5%
down, an owner-occupant could live for free with an income from day one. For the investor, this property operates at an 8.7% cap rate. Each unit has in-unit washer and dryers, 2 bedrooms and 1 bath with a home office, thermal windows, hardwood floors, stain glass windows, white shaker cabinets, stainless steel appliances, dishwashers, all new kitchen and baths, a new 1.5” water service, all new pex water pipes, new pvc waste pipes, new 100 amp electrical panels, off-street parking, 3 new HVAC systems, 3 new water heaters. Unit 1E (first floor right side) is vacant for an owner/occupant. The other 3 are rented with June 1 move-ins for $1,150, $1,150 and $1,175.

3-family building in the heart of Soulard! Unit A has just been updated it is a 2 bedroom/1 bath this is currently vacant and will rent for $1200. Unit B has just been renovated and is owner-occupied, it is a 2 story townhome with 2 beds/2 baths (2nd & 3rd floors), this will rent for $1500. Unit C is a 2 story townhome in the rear, it has 2 beds/1.5 baths, currently rented for $825. All units have central HVAC. Home is located down the street from the Soulard Farmers Market, numerous shops, restaurants & bars. The building had the roof replaced approx 10 years ago. HVAC in unit A installed in 2018, unit B a couple of years old.

Five well-maintained townhomes built-in 1986. There is one 3 bedroom and 2 1/2 bath and 4-2 bedroom and 1 1/2 Bath townhomes located in a tucked away quiet complex. There are walk-in closets, updated kitchens, and baths, in unit laundry area, nice private decks, and much more. The tenants pay for the sewer and water. This sale includes 914, 940, 946, 806, and 808 Amaral Circle.

Just steps from Tower Grove Park this 4 family has been renovated throughout and features hardwood floors, central air, vinyl windows, updated kitchens with updated cabinets, countertops, dishwashers and original built-in cabinets. Bathrooms were completely updated. There are 2 garages with a parking spot for each tenant and backyard is secure with privacy fencing. There is an enclosed porch for each unit. Building has central air and the seller replaced furnaces, condensers, water heaters. There are updated electric panels and pvc stacks. Building was recently fully rented to long term tenants under market rent with the apartments rented at $900, $900, $825, and $880 for a total of $3,505 a month, there were two recent vacancies. There is one new tenant pending at $925+ $25 for pet rent and the other apartment is being marketed to rent at $925. Once fully rented with the 2 vacancies filled the building would rent for $3,675 a month. Expenses are $7,733 annually. There was no vacancy in 2020.

This Princeton Heights four-family has been renovated throughout and meticulously maintained. These apartments which are approximately 935 square feet feature renovated kitchens including updated cabinets, stainless steel appliances, breakfast bar. Bathrooms were renovated with new flooring, tiled shower surround with rain shower heads and updated vanities. Building has a detached garage and back porches for all units, hardwood floors, French doors, central air with updated furnaces and condensers, pvc stacks, updated electric panels. Building is fully rented for $3,735 a month which is $44,820 annually if fully rented. Annual expenses are $7,844. If fully rented the net annual income would be $36,976 which is a 7.3% cap rate. There was only 1 month of total vacancy for the building in 2020. Can be purchased along with 4947 Arsenal, 4960 and 4940 Odell, 6200 Hoffman.