10004 Balboa Dr., St. Louis, MO 63136
$400,000 (Under Contract)

Renovated Eight-Family in St. Louis County

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Invest in St. Louis

Renovated 8 family for sale located in St. Louis County approximately a 15 minute drive to the airport and 20 minutes to downtown St. Louis and Clayton. The property has 2 four-family ranch style buildings consisting of 4 two bed units, and 4 one bed units.

  • The two bedroom units rent from $800-$850 a month and the one bedrooms rent for $700.
  • Fully rented this building would generate over $6,000 a month. 7 of the 8 units are rented with the last unit being left vacant to show.
  • Renovation of the buildings included updates to the units including kitchens with appliances, updated baths, flooring, water heaters, furnaces, condensers, windows, interior and exterior electric service, etc.
  • Priced to sell at $50,000 per unit, there are numerous nearby comparable multi-family buildings that have sold in the last year for $60,000 per unit or more.
  • Average rent for 15 one bedroom apartments within 2 miles in the last year is $869.
  • Average rent for 15 two bedroom apartments within 2 miles in the last year is $944.

View the virtual tour here: https://my.matterport.com/show/?m=ojGcoxKa3F1

Supplemental Documents

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Property Details:
Square Footage: 18200 County: St. Louis City Units: 5+ Condition: Turn Key Occupancy: Some Units Vacant Parking: Off Street Parking, Parking Lot Heating: Electric Heat Cooling: Central Electric Construction: Brick Basement: None
Home Amenities:
  • Microwaves
  • Fridge
  • Stove
Agent Details:
Owner / Broker: Jordan Schoen Phone: (314) 255-5117 Fax: (314) 480-7053
Contact Agent: Please use the form below to contact agent Jordan Schoen about this listing.

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