Nice income producing duplex with townhome style units in Gravois Park area! Each of these units have 3 bedrooms and 1 bathroom with nice hardwood floors and central air. Built in 1903, the duplex has a total building size of 3,234 square feet, situated on a 5,363 square foot lot.

This 4-family building is located in unincorporated Jefferson County outside Arnold. Each townhouse unit features a living room, eat-in kitchen with dishwasher and microwave, 2 bedrooms, and 1.5 baths. The bedrooms and halls are carpeted, while the kitchens and baths have ceramic tile flooring. Private walkout basements offer concrete walls, tall ceilings, 200-amp electric panels, PVC stacks, washer and dryer hookups, and balconies.

The roof is approximately 15 years old, and two condensers were replaced 2-4 years ago. One furnace is about 4 years old, and the water heaters are 5-8 years old. The property boasts a large lot, a fenced yard, and ample off-street parking. The owner covers trash, maintenance, and lawn/snow removal, while tenants are responsible for electric, sewer, and water bills.

Situated in a quiet residential area, the building is close to shopping, the Arnold Recreational Complex, and more. The seller self-manages and maintains the property.

Updated four-family property in Shaw, less than 300ft from the Botanical Gardens (visible from your front steps!) and ~10min walk to Tower Grove Park.

• Shaw is one of the most desirable places to live in St. Louis. It’s a quiet neighborhood surrounded by numerous green spaces and large Victorian homes. In addition to the variety of cafes and restaurants in the area, tenants are within walking distance to the various amenities offered at the Botanical Gardens and Tower Grove Park.
• Two spacious 2-bedroom, 1-bathroom units downstairs and two 3-bedroom, 1-bathroom units upstairs updated with additional amenities (3rd bedrooms are small bonus rooms with IKEA closets, more suitable as an office). The upstairs units feature convenient in-unit washer and dryer facilities, as well as keyless entry.
• Each unit is ~1,066 square feet, making for a total building size of 4,262 square feet, excluding the basement. The lot is huge.
• Unit 4260A is currently utilized as an Airbnb, generating an average income of $1,700 per month.
• New furnaces and condensers, as well as three new water heaters, installed 2022.
• Thirty feet of sewer lateral (mostly under basement) replaced with PVC in 2022
• Roof was recently replaced, with one-half upgraded to TPO in February 2023 and the other half in 2024.
• Unit 4260 received a near $10k bathroom renovation in 2023

Investment Summary:

1. Property Basics: 64-unit apartment complex in Woodson Terrace, built in 1965.
2. Prime Location: Located in close proximity to Lambert Airport, the University of Missouri – St. Louis (UMSL), and major employers like Boeing and Emerson.
3. Unit Mix: 12 one-bedroom units and 52 two-bedroom units, offering a variety of living options to suit different needs.
4. Recent Upgrades: The buildings have undergone recent updates, including all hardwood and ceramic flooring, all-electric units, pitched roofs, central air, and forced heat.
5. High Occupancy Rate: Currently at a 92.2% occupancy as of February 2024.
6. Spacious Layouts: Approximately 46,410 square feet of building space across 9 buildings, situated on a 3.114-acre lot.