This spectacular 18 unit all brick building built in 1931 located on nice corner only blocks away from Tower Grove South. The building feats terrazzo floors, original wood work and separate storage lockers for each tenant in basement, an 8 car garage that is currently being rented for $350 a month. The building has on site laundry,the majority of pvc plumbing has been replaced in all units, and wood floors have been refinished. There are newer vinyl windows, tuck pointed and had roof replaced w/i the last 6 years, all the electric has been completely updated and has been metered to all of the units with panels in each apartment, there are electric stoves and refrigerators in each unit. Units rent for between $450-500 a unit.The buildings heat is furnished with a boiler that has been well maintained. The building is at a 12% cap rate and is a fully operational building with a low vacancy rate. The Owner participates in Operation Revielle ( homeless vet program funded by the gvmnt)
1930's brick building on a great corner location in the Historic Bevo Neighborhood. 24 all electric units with 100% occupancy. 70% of the tenants have been there over 2 years. Many on year leases but most on month to month. 10 New York style studio apartments, 10 1-bedroom units and 4 2-bedroom units. Monthly income $7940 and tenants already notified of a $20 per month per unit increase coming up in February 2015. Many improvements in the past 2 years including a new roof, 3 stacks replaced, pest control, kitchen updates in many units, increased rents and major cleanup of the building. Large underground parking garage currently being used for storage and office. Updated electrical panels with meter on the outside of the building. See attached Cash on Cash Return spreadsheet. Great cash flow property in South City.
GREAT opportunity for an owner-occupant, in red-hot Tower Grove Heights! Move right in and let a tenant help with the mortgage! Both units in this spacious two-family are move-in ready - right down to fresh paint! 1st floor is a large, bright 1+ BR, with full living & dining rms, large bedroom and a separate office, all with beautiful, low-maintenance hardwood floors! Previously rented for $765, it could easily bring more today. Upstairs is a two-story, 2+BR home that includes a sunroom and a breezy balcony over the front porch. Both units feature decorative fireplaces and great closets! Basement has extra tall ceilings and great storage or workshop potential. Building has been well cared for; systems are updated and the roof is only 7 yrs old. To top it off, there is a fenced, landscaped backyard and a 2-car garage with new overhead door. Just a short walk to the restaurants & amenities of South Grand, including the soon-to-be-opened Rooster! Showings begin at the Open House Sun. 8/17
This well maintained 6 Unit Apartment is located just 3 blocks from beautiful Tower Grove park in the up and coming Morganford neighborhood. This hip and eclectic neighborhood is home to many new businesses, shops, restaurants, and night life. This property is conveniently located to public transportation, schools, colleges, hospitals, shopping, and dining. This property has been well maintained and features lush landscaping, a new roof (roof redone in June 2014), newer Trane A/C condensers(2012), newer forced air blowers(2012), and sewer lateral repaired(2006). The property is at 100% occupancy with all units leased with average rent of $465/mo. Rents in this neighborhood have been on the rise and the rents for this property should be due for a rent increase. Owner also owns a SF rental house at 6206 Dowler in Pine Lawn, MO that could be included as a package. Please do not disturb tenants. Interior of units will be shown with contract only. AS-IS, owner to make no repairs.
Don't miss your opportunity to own this Brick Four Family in great Holly Hills neighborhood at corner of Coronado and Dover Place. All room sizes are large. New Windows! New Siding on the back Sun Rooms. Nice clean basements. Has two easy access 19x19 detached 2-car garages with new roofs. Well kept units have original wood floors and trim, tile, etc.. New roof, individual forced air heat, storage units and laundry hook-ups for each unit in the basement which is separated down the middle to accommodate 2 per side. Great rental history!
Brick duplex in Holly Hills with 2 car garage. This home has historical architecture intact complimented by regular maintenance. Both units have enclosed rear porches, decorative fireplaces, leaded glass windows, arched doors, and original moldings. Main building has a newer shingle roof, with the beautiful tile roof over the porch area. This property is great for an owner/occupant looking for a historically interesting building in a delightful, close knit neighborhood. Only a couple of blocks from Carondelet Park and close to dining and retail shopping areas. This home is a charmer!
Four-family, 2 bedroom, 1 bath units, approximately 1000 square feet each. Three units rented at $650/$550/$550, one unit vacant. Property located near parks, shopping, restaurants, and public transportation.
**100% LEASED!!*** Your investment could pay immediately! All brick, 4 family with all units leased. Updated interiors, secured front & rear entrances, corner lot & off street parking. Units currently rent from $425 -$475 and could rent highter. Did we mention it is 100% leased? Well maintained. Large yard. Walking distance to local shops and restaurants. Owner is more than happy to schedule a showing with a tenant but needs 24 hour notice.
Attention owner occupants or investors. You won't believe how immaculate this property is from top to bottom. One unit is already leased so move right in and have your mortgage covered or rent out the other unit and start generating revenue immediately. This property has been well maintained and has updated electrical panels, gleaming hardwood floors, some newer kitchen cabinets and counter tops. The dry basement is neat as a pin with washer and dryer hook ups for both occupants. The property is conveniently located less than one block from Christy Park with its walking and biking trails.