Vacant Commercial Building in Bismarck

  • Large lot with plenty of parking spaces that would benefit from a fresh paint job.
  • Blank canvas ready to let your imagination soar and turn this into whatever business you see fit.
  • Directly off of HWY 32 and adjacent to Mikes Market and Bismarck High School.

By appointment only, call Listing Agent, Conner Proffer directly at 573-915-9115.

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Unique Opportunity To Purchase A Portfolio Of 19 Multi-Family Properties

Investment Highlights

  • Located in close proximity to Forest Park, Barnes Jewish Medical Complex, Washington University School Of Medicine, St. Louis University, Cortex, University Of Health Science And Pharmacy In St. Louis, The Central West End, Botanical Gardens and Tower Grove Park. 
  • There are 19 buildings with 81 total units with 125 bedrooms in the portfolio. 
  • Total square footage for the buildings in the portfolio is 69,880.
  • The portfolio is stabilized with many updates throughout the buildings with strong historical occupancy.
  • The current rent roll is approximately $73,000 a month which is approximately $883,000 annualized.
  • Approximately 90% have been fully renovated.
  • There is the potential to add value and raise rents significantly in the future. 
  • If these apartments were rented at the same rates as the highest rental rates in neighborhood the annual gross rental income could potentially be over $1,250,000.
  • Current rents for the apartments in the portfolio average $1.06 per square foot. 
  • Rents for updated apartments in The Grove and Botanical Heights rent for as much as $2-$2.50 per sq ft depending on size and amenities. (Rentometer.com)
  • The average rent price in The Grove and Botanical Heights is $1,669. (Provided by Rent Cafe)
  • There is the potential to sell these buildings off individually in the future. 
  • The buildings are clustered close to each other making it easy to manage. 
  • These buildings are only to be purchased all together.

 

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20 Unit Apartment Complex For Sale – Recently Updated In South City

  • Close to Cherokee Street, Tower Grove Park, and Benton Park.
  • Complex features two buildings with a mix of 16 one bedroom units, and 4 two bedroom units.
  • Two bedroom units are now renting for $725 and one bedrooms for $625.
  • 18 of the 20 units are currently rented with the 2 vacant units in the process of being turned over.
  • Units feature central air conditioning, hardwood floors, some units have updated cabinets and there is lots closet space.
  • Complex features off street parking in the rear and storage units in the basements for tenants.
  • Located on a convenient bus line.
  • Rents have been raised considerably recently with renovations to apartments.
  • Solid brick buildings built in 1964 with pitched roofs.

 Work done to the building:

  • A majority of the units have recently been turned over and renovated.
  • Change from one common boiler for hot water to individual gas water heaters, for all 10 units in buildings 2907, 2909 and 2911.
  • 12 new furnaces and AC units secure in metal cages.
  • 7 additional units will have central air with condensers for a total of 15 of the 20 units.
  • Remodeling of all 6 stairwells and landings with new flooring, baseboards, new basement door and lock, painting and electronic locks to the front door.
  • Mailboxes
  • Gutter repair
  • Exterior door painting
  • 2015-2919 building P-trap replace
  • Exterior lights

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Well Maintained 4 Family Tucked On A Quiet Street In South City

Two bedroom one bathroom units with vinyl flooring running throughout. Tons of storage in the units in addition to storage lockers in the basement. Each unit has their own laundry area in the basement. 4 car parking pad in rear of the building off of the alley access. This building would make for a great rental portfolio addition or for someone looking to house hack!

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Completely Renovated Four-Family Located In Shaw

-Completely renovated four family located in Shaw near St. Louis University School Of Medicine, The Botanical Gardens and Tower Grove Park.

-Building features updated open kitchens with island, quartz countertops, all new stainless steel appliances, exposed brick walls, updated bathrooms, new flooring, lighting, doors, hardware, etc.

– The building was taken down to the studs with joists replaced. Updates include HVAC, electric, plumbing, roof, water heaters, windows.

-All units have washer and dryer connections and there is off street parking.

– The building is 3,724 sq ft with 2 bedroom apartments that are approximately 800 square feet.

-Apartments are being advertised for rent at $1,600 a month.

-Ideal for an owner occupant or investor.

-There are multiple recent sales of 4 family sales in Shaw over $800,000.

-The seller will review any offers at 4pm on Wednesday 29th. Please give a response time of 12pm 6/30/22.

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64 Unit Complex in Woodson Terrace

Newly rehabbed apartment community in Woodson Terrace.  Buildings are all electric and have pitched roofs.  All units have hardwood floors and tile.  64 units,  12 – 1 bed/1 bath units and  52 2 bed/1 bath units. Located in close proximity to Lambert Airport, UMSL and large employers such as Boeing and Emerson.

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46 Units In St. Louis County

Wonderfully updated 46 2 bedroom unit complex, New windows , hardwood floors, updated kitchens, many units have granite countertops. Separate building with coin-operated laundry
Lots of parking. Close to major highways. Easy access to downtown STL and Lambert International Airport.

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68 Unit Complex In St. Louis County

68 unit complex, 18 buildings, Brick one story buildings. 60 one bedroom units and 8 two bedroom units, Newer roofs, windows, doors, and appliances. Plenty of parking with 1 to 3 spaces per unit.Walking distance to shopping and public transportation. Easy access to highways and airport.

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24 Unit Townhome Complex

24 – 2 bedroom/1.5 bath townhomes, 900 sq ft.  Located off St. Charles Rock Road behind Breckenridge Police Station. Walk or drive to shopping and restaurants.

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7 Well Maintained Condos Located In Hazelwood In Close Proximity

– Opportunity to purchase 7 well-maintained condos located in Hazelwood in close proximity.

-These condos are in high demand for rent and typically generate multiple applications shortly after becoming available.

-These condos are very easy to maintain with very low monthly maintenance costs and repairs needed. All exterior repair costs and grass cutting, parking areas, roofs, etc are taken care of by the condo association.

-Condos have dedicated off-street parking spots and laundry in-unit or on-site.

-Turnover between tenants requires minimal prep to be ready for the next tenant. Apartments stay fully rented most of the time with one unit being left vacant to show.

-Rents in the area for similar size apartments have rented for more than the current rents for these apartments with the potential for increased rents in the future.

-Units have hotel-style heating and cooling which keep costs down for repair and replacement.

-Major employers in Hazelwood include

The Boeing Company
Amazon,com Services, Inc.
bioMerieux, Inc.
Concentrix CVG Corporation
GKN Aerospace North America
Mallinckrodt, Inc.
SAK Construction
First Bank
IMB Corporation
Fiserve Solutions, Inc.

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