-28 apartments for sale located in University City less than a mile from Downtown Clayton, the central business district for St. Louis County where 3 fortune 500 companies are headquartered.

-Four family available in the Kingsway West neighborhood near the Central West End

-Built in 1923  with 3,808 sq ft. – Each unit has 2 bedrooms and 1 bathroom

-Current rents are – $2,700/month or $32,400/year

**There is the potential to add value and raise rents**

-3 of the 4 tenants are on month to month leases – the other expires 09/20/2023

-All units were cosmetically updated in 2020 

-New electric 2021, new plumbing 2020

-Would be an ideal addition to any investors portfolio or an owner occupant 

-The current property manager has an approved bid to relocate the mailboxes out front, replace the front exterior door, and place house numbers reading “5145” near the front door

**This work is to be completed by the 1st of the year** 

Please inquiry with the listing agent for more information

Opportunity to purchase 3 connected townhomes located in The Grove 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. This historic building with tons of character was built in 1894. Total sq footage over 4,400 square feet with 3-bedroom 1.5 baths in each Townhome. Current rents are $4,835/mo or $58,020 annualized. There is the potential to add value and raise rents in the future. A 3-bedroom apartment on Gibson was recently rented for $2,100 which would be $75,600 if all units were rented for that amount, an 8.6% cap rate based on market rent. Leases through 5/31, 6/30, 7/31. All units have been updated. Would be ideal for an investor or owner-occupant.

• 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.

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.

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.

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.

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.

– 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.