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This Tower Grove East mixed use building is a few blocks from Fox Park and Compton Heights, near Tower Grove Park. The 1st and 2nd floor are approximately 3,652 Sq ft with a 2300 sq ft basement totaling 5,954 sq ft. The 2nd floor is a large 2 bedroom residence with high ceilings, newer hardwood floors that have been recently replaced, newer cabinets, exposed brick, a wood burning stove and fireplace.
The first floor features two large rooms with high ceilings that lets in lots of light, there are many newer commercial windows that have been replaced. The space would be ideal for offices, retail, restaurant or coffee shop, a store, studio or could be converted into all multi family. There are two separate basements with separate basement access from the first and second floor.
The closest comparable sale sold across the street at 2857 Sidney 63104 on 7/31/17. It is a 4,670 sq ft mixed use building that was rented for $36,000 a year and sold for $282,500.
Property needs rehab. Property being sold as is.
Asking $149,000
Paying buyers agents 2.7%
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[mappress mapid=”225″]This well maintained North Hampton four family has great curb appeal and is currently fully rented. The building features hardwood floors, stain glass windows, french doors, rear enclosed porch for each tenant, two car garage and four furnaces that have been recently replaced. Other features include a pitched roof, updated PVC plumbing and updated electric. The units are leased for $550, $515, $475, $450, the apartments rented at $475 and $450 are to long term tenants under market rent. Each side of the two car garage are each rented for $75 a month for a total monthly rent of $2,140, $25,680 annually which provides great cash flow.
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2 buildings, 1 parcel, 8 townhouse style 2 bed, 1 1/2 baths and walk-out basements, backs to woods. Each unit has thermal windows. Central air and forced heat, private decks, washer and dryer hook ups, refrigerators, dishwashers, stoves & garbage disposals, updated counter tops, some ceramic flooring. The roofs were put on in 2008 and 2013. Updated kitchen and baths. PVC plumbing and circuit breakers. Each unit is over 850 sq ft, with an additional 425 sq ft in the basement. The rents could be raised to $750/mo.
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Expenses:
Taxes -$3578
Insurance-$1370
Maintenance-$461
Water-$403
Sewer-$313
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Asking price is $235,000
Buyer’s agent commission 2.7%
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This building was previously a hardware store and has unlimited potential- Multi family apartments, live/work, shop, warehouse, studio, office space, or retail. Located in the Central West End 1 block from Lindell, 2 blocks from St. Louis University, close to Washington University Medical School, The Cortex, St. Louis College Of Pharmacy, Forest Park. There are architectural plans to convert the building into 6 apartments along with commercial storage in the basement. Projected income for the 6 apartments and the storage once completed is $75,600 annually with a projected net income of $56,700. There is the potential for a second story to be added or it could also be a rooftop deck for the apartments. The building is 11,753 Square Feet on three levels- Main level and basement are 5,310 sq ft each with the top floor 1,133, needs full renovation. Features include three phase electric service, freight elevator & loading dock, steel & concrete construction, full span steel truss system that allows open floor plan and high ceilings. Building has two addresses 408 & 410 Sarah and could be split. There is currently street parking only but the architectural plans outline how parking spots could be added in the rear. Real estate taxes $2,605.
Price $239,000
Paying buyer’s agent 2.25%
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3201 Morganford 63116– Unique opportunity to purchase two buildings on Morganford in Tower Grove South
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SOLD – Prime redevelopment location in Downtown West. Located between Historic Union Station and new Metropolitan Police Headquarters, next to proposed future MLS stadium site, two blocks from the Union Station. Built as a 30 room hotel and last used as apartments on upper floors and commercial on first floor. 2200 sq ft per floor = 11,000 sq ft total including basement. Unlimited uses – lofts, multifamily, live/work, creative office space. Potential Federal/State Historic Tax Credits. Potential Low Income Housing Tax Credit (LIHTC). Vacant since 2015 and needs full rehab. Off street parking available behind building in fenced parking lot for $65 per month for 24/7/365 designated parking space. Taxes $5,496
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The building should not require any major work, as it had a layer added to the roof and the exterior brick sealed in fall of 2016. The building also has newer pvc stacks and plumbing from building to main, and vinyl windows. Systems are newer and in good working condition.
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electrical service, pvc plumbing added, new electric furnace on the second floor unit, new condensers, new concrete patio and walkway
in the backyard. There is a large basement with high ceilings and a bathroom. This would be ideal for an owner occupant who could live in
one unit and rent the other or for an investor, once finished these units could rent for $1,250+ each. This also has the potential for a single
family conversion, a 2,094 sq ft home 2 doors down recently sold for $410,000. Property to be sold as is.
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(Sold) Tired of running all over town while managing your rental portfolio? Here is an incredible opportunity to own FIVE cash flowing duplexes in University City all located right next to one another. This package includes (8) 2 bed/1 bath units (avg rent $715) and (2) 3 bed/1.5 bath units (avg rent $775). Total yearly gross income is over $84,000 with room to grow. Fully rehabbed 2 and 3 BR units on the street are currently renting for $995.
Located less than a mile from Clayton, these 2 story all brick masonry buildings are low maintenance and have been actively maintained by the current owner. Each duplex offers central air, hardwood floors, an underground 2 car garage, and updated amenities. All buildings have clean and dry basements with W/D hookups. Given their central location, these units are easy to rent and have many long term tenants.
Sale includes 7715, 7716, 7720, 7728, and 7734 Wild Plum Ave. Please do not disturb tenants as they are unaware of the sale.
John Cotsworth | Agent
314.479.3355 | john@investstl.com
Invest St. Louis
Office: 314.479.3355 / Fax: 314.480.7053
6201 Arsenal St. Louis Mo 63139
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