This 17 unit building built in 1925 is located in the Central West End four blocks from St. Louis University with new construction homes being built on the block. The building has been operated as a weekly or monthly rental that comes fully furnished with utilities provided by the owner. 2017 income was $126,274 with annual expenses $66,535 for a net income of $59,739 a year with a cap rate of 17.8%. Priced under $20,000 per unit. The occupancy rate is usually around around 95%. The building has a boiler that was replaced in 2017, a new roof was also installed in 2017. There is individual electric for all of the units. There is a 3 car attached garage with storage area in the rear of the building. This building could be operated as it is currently or is or could be converted to long term or student housing. The furniture in the units is included in the sale and there are two vacant lots to the west of the building that could also be purchased and made into a parking lot.
3936 Cook Ave., 63113 (a 20 unit building approx half a mile away) is also available to be purchased separate or as a package.

Paying buyers agents 2.70%

12 unit building located in Maplewood a short walk to all of the shops and restaurants on Manchester. This well maintained building was built in 1968, the units have all been updated since the owner has purchased it. The owner replaced flooring, kitchen cabinets, bathrooms, systems, vinyl windows, etc. There are hotel style wall units which keep the units warm and cool, water heaters under the sink and there is no basement. There is an asphalt parking lot with 11 spots that was recently resealed. There are 3 plumbing stacks and it was all updated with PVC with the exception of 1/3 of one stack still being original, electric are breakers. All of the units are one bedroom units that are approximately 600 sq ft. The building is fully leased with the ability to raise all rents to $600 as is and the potential to raise the rents to $675 in the future with additional updates. Sold as-is.

Paying buyers agents 2.50%

Located 2 blocks from Heman Park and Pershing Elementary school this two family is on a quiet residential street with many single family homes. Building is 2,210 square feet with 1,100 square feet with 2 bed 1 bath units. The building is currently vacant, one unit was recently rented for $650 a month with the ability to raise rents with some cosmetic updates. There are some hardwood floors, updated electric, a front porch for the first and second floor unit. Price $95,000.

Paying buyers agents 2.70%

Each 1000 sqft. unit features custom millwork with built in shelving in the living room, separate bedroom, and a porch off the back of the unit with a view of downtown.  Updates include central air, updated electric, pvc plumbing, new vinyl windows, carpet, light fixtures, and laundry hookups in the basement. This building is perfect for an owner occupant or investor and is move in ready.

With market rents at $600 per unit, you could live in one and have your tenant pay your mortgage. You could rent out the spaces in the large 2 car garage for additional revenue.  Located just 3 blocks from the newly renovated Das Bevo (Bevo Mill) and surrounding developments.

Paying buyers agents 2.7%

This recently renovated four family is located within walking distance to Washington University, Forest Park and The Loop. Renovation included all new kitchens with open floor plan, high end cabinets, granite counter tops and stainless steel appliances. All units have all new updated baths, new flooring throughout the units, all new windows with lifetime warranty, all new updated electric including ext electric service, pvc plumbing stacks, central air. Units feature in unit laundry, there is a large detached four car brick garage and decorative clay tile roof. There are two 2 bed 2 bath units and two 2 bed 1 bath units that were all recently rented to Washington University grad students for $1,295, $1,295, $1,295 and $1,195. The units were not leased at ideal times for students but leases expire at ideal times, rents could be raised to $1,395 for the 2 bed 2 baths and $1,295 for the 2 bed 1 baths when the leases expire. Similar size units next door previously rented for $1,400. Half of garage currently rented for $150/month, two spaces available to rent.

Paying buyers agents 2.0%

Completely renovated four family for sale a short walk to Benton Park, Cherokee Park, The Anheuser-Busch Brewery and antique row on Cherokee Street. Renovation included all kitchens with soft close maple cabinets, above and under cabinet lighting, stainless steel appliances including stoves, refrigerators, dishwashers, microwaves, and garbage disposals. All kitchens have extended island countertops for seating in all units, units have built in desks. There was a bonus room added to one of the first floor apartments which is 15×10 making the total building square footage approximately 3,650 sq ft. All furnaces and condensers with secured cages were replaced, all electric, plumbing, both flat roofs were replaced, all of the bathrooms were renovated. Windows with transferable lifetime warranty were replaced throughout, units have large walk in closets with pantries, can lighting, there is a backyard privacy fence with locked gates and spot lights, two units with decks, gutters were replaced, basement is clean and dry with lighting in the stairwells. There are glass block windows in basement, washer dryer hookups, all four chimneys were tuck-pointed, there are partitioned alarm systems for all tenants. All units are almost identical. The building is fully rented for $3,510 a month and $42,120 a year with expenses at $7,790 for an annual net income of $34,330. Units are rented approximately 20% under market rent, units rent out within a few days. Would be ideal for an investor looking for a turn key investment or an owner occupant who could live in one unit and have the tenants pay the mortgage.

Rent Breakdown…..
3331 (1st floor):$865 (lease expires 2/28/19)
3333 (1st floor with bonus room): $865 (lease expires 2/28/19)
3331A (2nd floor): $880 (lease expires 8/31/19)
3333A (2nd floor): $900 (lease expires 6/30/19)
Monthly Gross Rent: $3,510
Annual Gross Rents: $42,120

Expense Breakdown…..
– Trash/ Sewer $64.27/month
– Water $16.65/month
– Lawn Care $120/month
– Alarm $117.38/month
– Property taxes $80/month
– Insurance $125/month
-Maintenance And Repairs $125/month
Total Monthly Expenses: $649
Total Annual Expenses: $7,790

Annual Net Income: $34,330
Cap Rate: 7.3%

Paying buyers agent 2.7%

This fully rented Fox Park two family is located just minutes from Lafayette Park and downtown. Building underwent renovation and features 2 bedroom units that are each almost 1,400 square feet with hardwood floors, updated kitchens, baths. Other features include a newer parking pad in the rear of the building, a fenced backyard, updated electric, updated PVC plumbing stack, pex plumbing lines, newer furnaces, newer condenser, there is a partially finished basement with washer dryer hookups in the basement for each tenant. Each unit is rented for $800 a month for a total income of $1,600 a month and $19,200 annually.

Paying buyers agents 2.7%

This huge duplex located in the rapidly developing Benton Park West neighborhood was converted from a 4-family making for very large units with 3 bedrooms and 2 bathrooms with approximately 1,800 square foot units. These well maintained units feature hardwood floors that are in good condition, carpeted bedrooms, decorative fireplaces (inoperable), central air, forced heat, and ceiling fans. The kitchens are spacious and include updated cabinets and dishwashers. One unit is rented at $850 a month through March 2019, the other unit is rented for $850 a month through September 2019. Apartments generate $1,700 a month and $20,400 a year.

Paying buyers agents 2.70%

Well maintained side by side 4 families with large 3 story 2 bed 1.5 bath townhome units featuring 1,000 sq ft above ground and an additional 500 sq ft of lower level finished space in the basement. Located in a quiet subdivision in the Hazelwood West school district these buildings are fully leased with gross rents of $6,880 a month with projected 2019 gross rental income of $80,083, projected expenses of $22,776 and a projected net income of $57,307 which is a 9% cap rate. The 2018 income was $75,210 with expenses of $20,231 with a net income of $54,979. There is plenty of potential with the ability to raise rents. The current rents range from $800- $925, if the rents in all of the units were raised to $925 the buildings would generate an additional $520 a month and $6,240 a year for a net income of $61,219 creating a 10% cap rate. There are apartments one block away with the same layout that rent for $1,100 a month with internet, etc included. These apartments are easy to rent with updated kitchens and baths, in unit laundry, off street parking with dedicated parking spot, newer windows throughout, newer roofs, some newer furnaces and condensers. There is a park with playground directly behind the buildings. Buildings to be sold together.

Paying buyers agents 2.0%

Located across the street from the new Chroma apartments, within walking distance to the Cortex, Wash U School Of Medicine, Barnes Hospital and all of the restaurants on Manchester. Building features 3 bed 2 full bath units that underwent a complete renovation. Features include beautiful exposed brick walls on the first and second floor, updated kitchens with islands, hardwood floors with an open living room & dining room, second floor laundry. Renovation included central air with HVAC replacement, updated PVC plumbing, updated electric. There is a fenced backyard, off-street parking with 4 parking spots. One unit is currently rented for $1,250 (previously rented for $1,325) and one unit is vacant with the projected rent at $1,600. Fully rented this building could gross $2,850 a month and $34,200 annually with expenses at $4,248, with a potential annual net income of $29,952. Similar size 3 bed 2 bath unit across the street rents for $3,000 a month. Can be purchased with 4125 Chouteau.

Paying buyers agents 2.5%