92 Unit Portfolio Within 5 Complexes In Poplar Bluff, Missouri

  • This portfolio is located in Poplar Bluff, MO and offers a total of 92 units across 5 complexes with a mix of 90 large multi-family townhomes and 2 single family homes.
  • Properties are currently at 100% occupancy and the management would prefer to stay
    in place as this would be a turn key investment.
  • Complex 1 – 11 units with a mix of 2 bed / 1.5 baths and 2 bed / 2 bath units.
  • Complex 2 – 14 units with a mix of 2 bed / 1.5 bath and 2 bed / 1 bath units.
  • Complex 3 – 16 units with a mix of 2 bed / 1.5 bath and 2 bed / 1 bath units.
  • Complex 4 – 36 units with a mix of 2 bed/ 1.5 bath and 2 bed / 1 bath units, along with a
    1 bed/ 1 bath unit.
  • Complex 5 – 11 units with 2 bed/ 1 bath units, one unit is a 2 bed/ 1 bath single
    family home and one is a 3 bed/ 1 bath single family home.
  • 14th Street – offers 2 duplexes that are 2 bed/ 2 bath units.

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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 $74,400 a month which is approximately $893,000 annualized.

● Approximately 90% of the units 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)

● Seller currently pays water, sewer and trash costs. Starting in September of 2022 the seller will charge new tenants $50 a month for water, sewer and trash. If this is done with all tenants the monthly income will increase by $4,050 a month and $48,600 annually.

● 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

  • Opportunity to purchase a 20 unit apartment complex in south city, close to Cherokee Street, Tower Grove Park, and Benton Park.
  • Complex features two buildings with a mix of 16 one bedroom apartments, and 4 two bedroom apartments.
  • Units feature central air conditioning, hardwood floors, and there is lots of closet space. 18 of the 20 units are currently rented with the 2 vacant units in the process of being turned over.
  • Solid brick buildings built in 1964 with pitched roofs.
  • Complex features off street parking in the rear, and storage units in the basements for tenants. Located on a convenient bus line.
  • Two bedroom apartments are now renting for $700, and one bedrooms for $625.
  • Rents have been raised considerably with renovations to apartments with the ability to raise rents more in the future. Rents for 1 and 2 bedroom apartments nearby have rented for considerably more with rents varying depending on size, updates and amenities.

 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.
  • 8 new furnaces and AC units secure in metal cages.
  • 18 units have central air conditioning. 
  • Remodeling of all 6 stairways and landings with new flooring, baseboards, new basement  door and lock, painting, electronic locks to the front door.
  • Mailboxes
  • Gutter repair
  • Exterior door painting, exterior lights.
  • 2015-2919 building P-trap replaced.

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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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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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Southwest Gardens Renovated Two-Family

Located in Southwest Gardens just a few blocks from The Hill, Tower Grove Park, and minutes from highway 44. This 2 family has updated units with hardwood floors, updated kitchens and baths, and newer systems. Fenced backyard, separate 2 car garage with both spaces private, and central air in both units. Great option for owner-occupant or FHA. Live in the massive first floor unit with private access to backyard! Both units are 2 bed 1 bath. 2nd floor is rented for $950, first floor was rented for $1,200 now vacant. This would also be a great investment property that could generate $2,150 a month and gross $25,800 annually if fully rented. Property to be sold “as-is”.

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Large Well Maintained 3-Family

Located just a mile north of Saint Louis University on a very quiet street in an up and coming neighborhood. 3 family opportunity with the first floor having two 2bed 1 bath units. 2nd floor is a MASSIVE 3 bed 1 bath unit with a long term tenant of 32 years. Very well maintained with hardwood floors, new paint, newer kitchens and bathrooms. Semi-finished basement with each tenant having their own laundry and storage area. TV room and office in the basement as well. Fenced in backyard with security cameras and system installed already. Newer systems all around.

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Well Maintained North City Two-Family

Located just a mile north of Saint Louis University on a very quiet street in an up-and-coming neighborhood. Converted 2 family from a 4 family. very large 3 bed 1.5 bath townhomes with tall ceilings.Well maintained and updated finishes with hardwood floors. both units have large basements with their own laundry systems. Fenced-in backyard with balconies for both units, security cameras and system installed. Private parking pad, adjacent lot included.

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