LOAN MUST BE ASSUMED. Great opportunity to acquire a 64 unit apartment complex with 8 one bed/one bath, 48 two bed/one bath, and 8 three bed/two bath units. Updates include many newer kitchens, many newer baths, furnaces, a/c units, newer windows, and flooring. Individual laundry hook-ups in two bedroom units and common laundry for one and three bedroom units. Close to downtown Clayton, shopping, restaurants, and entertainment.
Welcome to Arthur Commons, a 20 unit development located in the popular Lindbergh School District. This unique property was originally built as a condominium complex. All units are currently owned by 1 owner and rented. There are 8 2-bedroom/2-bath units, 8 2-bedroom/1-bath units, and 4 1-bedroom/1-bath units. Each unit has a washer/dryer hook-up in the unit and there is individual locked storage for each unit in the basement. The current owner has done finishing and upgrades to the property, including sump pump system and buried drain lines, adding individual locked storage units in the basement, a maintenance room, upgrades to patios, sidewalks, parking lot and retaining walls.
UPDATE! Roughly half of the units have been turned with new straight market rents, seller is in process of updating the common areas and remaining units. Make a deal now and finish the remaining units..
Centrally located and in highly desirable Clifton Heights just south of highway 44 and across from THE HILL!
Minutes from Downtown or Clayton this apartment complex has had roughly half of the units updated with new kitchens and baths, roof was mopped within 2 years.
Please do not disturb tenants as are unaware of sale, call listing agent for income and expenses or for showing instructions.
Age: Over 50 Years Old
Architecture Style: Other
Cooling System: Wall Unit(s) A/C
Exterior Type: Brick, Stone
Heating System: Radiant Floor
Lot Size: 0.5 Acres
Parking Type: Assigned, On Street, Parking Lot, Unassigned
Do Not disturb tenants, agent must accompany. Great St.Louis Hills location. Walk to Wilmore Park and shopping. 16 units with 2 four car garages. Owner is a licensed real estate agent in the state of Missouri. Roof on front part of building is being replaced. Some units have been updated. Some newer furnaces and AC units. Newer ranges and refrigerators stay with building.
HUGE PRICE REDUCTION! -MIXED USE COMMERCIAL & APARTMENTS with over $132,000 gross annual income- Three adjacent brick buildings rehabbed in 1985 & listed on the National Register of Historic Buildings. Three story built-1894, two story built 1907, single story about 1919. Full basements under all buildings. Main Level=Approx. 6540 square feet of commercial/retail/office. Upper levels =12 fully equipped apartments (2-2 bedrooms, 6- 1 bedrooms, 4-studio units). Located across from UMB Bank, 1/2 block from City Hall, near shopping and on bus line to Metro-Link, close to UMSL and Florissant Valley Junior College, grocery stores, restaurants, parks and more! Total rehab 1985 plus updated and well maintained. RENT POTENTIAL IS GREAT WITH NORTH PARK DEVELOPING, EXPRESS SCRIPTS EXPANDING, EMERSON ELECTRIC THRIVING, UMSL & FLO-VALLEY GROWING, FERGUSON REMAINS ON THE UPSWING & IS A GREAT PLACE TO INVEST!
This is a great long term investment with high cash flow. The property has a Ladue zip code and is located on the western edge of University City. Check out this recently updated and well maintained four family brick building with long term tenants. The units feature bright spacious floor plans; located on a quiet tree lined street. Each unit has 2 generously sized bedrooms with plenty of closet space, updated 1.5 half baths, hardwood floors, and tile floors in the updated kitchens. Just a few of the Buildings features are two secured stairwells, enclosed tandem parking garages, and secured storage lockers. The upper units have screened-in balconies. All units have separately metered electic. The list of updates is meticulous but here are just a few: complete new roof installed in 2012, new 6" gutters and aluminum wrapped fascia in 2012, new sewer line in building in 2012, modern and energy efficient light fixtures. This property is low maintenance and highly profitable.
S.CITY INVESTOR INCOME OPPORTUNITY! BUY THIS AND RETIRE. BEAUTIFULLY RUN PROPERTY- WILL NOT DISAPPOINT! LISTED AT 14 CAP! 70% CASH ON CASH RETURN @ LIST PRICE & 20% DOWN. TENANTS PAY OWN UTILITIES. INDIVIDUAL ELECTRIC & CENTRAL HVAC EACH UNIT. NET $80K PER YEAR. 100% OCCUPIED. GREAT (MANY LONG TERM) TENANTS. THIS RARE PROPERTY INCLUDES 20 UNITS & 1 COIN OPERATED LAUNDRY UNIT - PLUS A BONUS GARAGE. 2 TAX ADDRESSES FOR THIS PROPERTY - 3840 CALIFORNIA AVE AND 2749 KEOKUK ST. (TAX ID # 1639-00-0290-7). +/- .505 TOTAL ACRES +/- 15,957 TOTAL SQ. FT. UNITS INCLUDE: 3 X 2 BEDROOM 1 BATH, 16 X 1 BEDROOM 1 BATH, 1 LARGE STUDIO APARTMENT, & 1 COIN OPERATED LAUNDRY UNIT WITH BATHROOM FOR TENANT USE ONLY. ALSO INCLUDES A DETACHED GARAGE CURRENTLY USED FOR OWNER STORAGE, COULD BE RENTED FOR ADDITIONAL INCOME. RENT BELOW MARKET & CAN BE RAISED. EASY OWNERSHIP BECAUSE SELLER HAS REPLACED THE PLUMBING, ELECTRIC, MECHANICALS, HVAC, WINDOWS, ROOFS, KITCHENS, BATHS, FLOORING, LANDSCAPING & MUCH MORE!
Do Not disturb tents. Must have listing agent accompany. Great St. Louis Hills location. Walk to Willmore Park and shopping. Hardwood floors in most units. Four car attached garage. Owner is a licensed real estate agent in the state of Missouri.