16-Unit Apartment Complex in Tower Grove East Neighborhood

This 16-unit apartment complex located in The Tower Grove East neighborhood has recently been updated.

  • It is made up of 14 one bedroom and 2 two bedroom units
  • Has key-card entry
  • A lawn sprinkler system
  • Each unit has their own energy-efficient (hotel style) HVAC system
  • Lots of closet space
  • New flooring, windows, kitchens and bathrooms
  • Updated electric
  • Updated PVC and PEX plumbing
  • Motion detector lighting in all hallways
  • Infrared security camera system
  • Coin operated laundry
  • EPDM roof with only one seam on the entire building

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Quad in Kingsway West

-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

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3-Unit Property in the Grove

-Large 3 family is 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.

-Built in 1927 this building consists of 2 three bedroom units and one 1 bedroom units for a total of 7 bedrooms.

-Current rents are $3,265/mo or $39,180 annualized.

-There is the potential to add value and raise rents in the future – these units rented at market rates could yield $49,200 of gross rental income annually based on rent comparables.

-The average rent price in The Grove is $1,669 (provided by rent cafe).

-All units are month to month.

-All units have been updated.

-Would be ideal for an investor or owner occupant.

-Can be purchased with nearby 3 family 1210 Newstead or with 6 other total nearby multi families as part of a package.

-Inquire with the listing agent for more information.

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12 Unit Apartment Complex on Tower Grove

-Rare opportunity in an absolutely prime location across the street from the Botanical Gardens and one building down from Tower Grove Park. 

-This architecturally significant 12 unit building has a mix of 2 and 3 bed units. 

-Current owner has meticulous financials and is currently using 2 units as Airbnb’s with very consistent and strong performance. 

-This building maintains very high demand for both long and short term tenants. 

-Building is fully occupied with well below market rents. 

-6 of the 12 units have been recently updated and the other units were updated approximately 15 years ago. 

-Updated two bedroom apartments in the Shaw neighborhood range from $1,250 to $1445 and 3 beds range from $1,295-$1,800 depending on updates, size and amenities. 

-There have been lots of capex upgrades including HVAC, kitchen/bath finishes, appliances, lots of PVC plumbing, and mostly TPO covered roof.

-Building is professionally managed. 

-An inspection has already been completed and can be supplied with serious interest for a smooth transaction and no surprises.

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Two Family Duplex – 3861 Shaw Boulevard, St. Louis, MO 63110-3740

Building is vacant. There are no signs/advertising. Building is sold AS IS. Provide proof of funds and/or pre-approval with offer. School districts to be verified by buyer. Building age and sq ft are estimates (tax records incomplete) and to be verified by buyer.

Massive duplex in desirable Shaw neighborhood. Walking distance to bars/restaurants, Tower Grove Park, & Botanical Gardens. Wonderful fit for owner-occupants looking to supplement their mortgage while living in a great area. 1st-floor unit 2 bed 1 full bath with large kitchen, living room, and foyer/entry area with closet. 2nd-floor unit 3 bed (one of which is small & over stairwell) 1 full bath. Central AC and heat. 1st-floor furnace and condenser replaced August of 2022 with warranty to be registered in new owner’s name (see supplements). PEX plumbing and PVC stacks. All electric. Clean dry basement with laundry hookups. Both units have interior access/stairs to basement. Newer concrete two-car parking pad. Sold AS-IS. Both units currently vacant & available to view. Market rate rent for similar finish/size units approximately $1,495-1,695 potentially covering entire mortgage payment. Property taxes are currently very low at $655/year.

Video walk-through on YouTube see link – https://youtu.be/ECkWyrelpcQ

Appointment-Lockbox, Appt. through MLS, Other Lock Box, Show at Will, Vacant

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