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

Check out this beautiful and large four-family property with 3 successful medium-term rentals (with five-star reviews). The furnished apartments rent for $2,000, $1,800, and $1,800 for a total of $5,600 a month for the 3 apartments.

Located in the tree-lined and quiet neighborhood of Southwest Gardens, which is a short walk to the Botanical Gardens, Tower Grove Park, The Hill, and a short drive to Barnes or SLU Hospitals (making it very convenient for travel nurses and other medical professionals). Each unit has 2 bedrooms and one bathroom. The three furnished units are professionally updated throughout with high-end furnishings and offer tenants absolutely everything a tenant would need for their stay including Casper mattresses, blackout curtains, Internet TVs, fully stocked kitchens, etc. Each tenant also has their own dedicated laundry. All furnishings are included in the sale.

The tenants love having a second bedroom so they can travel in pairs or have visitors while they are away. There is also a fenced backyard in case they travel with a dog. The two upstairs units each have a porch. Off-street parking is also available behind the building. One unit is not furnished and will be made available for an owner-occupant. An investor could also make the last unit a medium-term rental or fill it with a long-term tenant.

There is a lot of demand for these apartments, they rent quickly when available and are easy to manage. If the non-furnished apartment was also rented as a furnished apartment at $1,800 the monthly income for the building would be $7,400 a month, which is $88,800 annualized. The average rent for an unfinished 2-bedroom apartment within a mile in the last 12 months is $1,439.

This brick 4-family property, featuring all 1-bedroom units and spanning 3,190 square feet, is a great opportunity waiting for the right investor. Here’s why this property stands out:

1. Ideal Location: This property is located just south of the iconic Anheuser-Busch Brewery and Downtown St. Louis.
2. Prime Investment: With some updates already in place, this property offers tremendous value-add potential. Basic updates throughout could push rental income to match the average rent comparables nearby, currently at $720 per month, annualizing at $34,560.
3. Comparable Sales: Recent sales of nearby 4-family properties have ranged from $250,000 to $370,000, depending on size and updates. This reflects promising market potential.
4. Package Deal Opportunity: This property can be purchased individually or as part of a larger portfolio of other four-family properties in South City. Inquire for additional information on portfolio options.
5. Sold As-Is: The property will be sold as-is, allowing you to make renovation decisions that align with your investment strategy.

Discover a new investment opportunity with this 3,996 square foot four-family property, ideally situated directly across the street from St. Mary’s High School. This value-add property offers the potential for substantial returns. Here’s what makes it special:

1. Prime Location: Located just steps away from St. Mary’s High School, this property enjoys a convenient location in the heart of the community.
2. Income Potential: Currently, one unit is occupied with a month-to-month lease, generating $495 in rental income. This presents an immediate revenue stream, and there is potential to increase this rent with additional updates.
3. Vacant Units: Three units are vacant, offering an opportunity for customization and rent optimization. One of these vacant units may require some finishing touches, while the others are ready for a full update to maximize rental income.
4. Rental Market Insights: According to Rentometer, nearby one-bedroom apartments are currently renting for $675 to $850, depending on their level of updates. This data underscores the potential for increased rental income once the units are renovated.
5. Package Deal Opportunity: This property can be purchased individually or as part of a larger portfolio of other four-family properties in South City. Inquire for additional information on portfolio options.
6. Sold As-Is: The property will be sold as-is, allowing you to make renovation decisions that align with your investment strategy.

This value-add 4-family near Tower Grove Park is a great opportunity waiting for the right investor. Here’s why this property stands out:

1. Ideal Location: Located near Tower Grove Park, this property boasts a prime location in South City, offering a strong rental demand.
2. Recent Renovations: One vacant unit has already undergone renovation, and the HVAC systems were updated, while the roof was partially replaced where needed in 2022.
3. Rental Income: Presently, three units are tenant-occupied, generating monthly rents of $725, $465, and $465. With further updates and improvements, there’s the potential to annualize $34,800 in rental income, maximizing your return on investment.
4. Package Deal Opportunity: This property can be purchased individually or as part of a larger portfolio of other four-family properties in South City. Inquire for additional information on portfolio options.
5. Sold As-Is: The property will be sold as-is, allowing you to make renovation decisions that align with your investment strategy.

Opportunity to purchase a renovated 4 family in The Grove, one of the most vibrant and desirable neighborhoods in St. Louis. Located within walking distance to Forest Park, Barnes-Jewish Hospital, Washington University Medical School, The Cortex, The Botanical Gardens.

Building underwent renovation including kitchens with granite countertops, updated cabinets, and appliances. Two units have in unit laundry. Each apartment has two-bedroom units. All systems were updated during the renovation including HVAC, electricity, PVC plumbing stacks. Roof was replaced in 2019. A bathroom was just updated with modern updates and shower. There is off-street parking and a fenced backyard with a deck in the back.

Apartments are rented under market rent. There are three units rented at $1,195, $1,295 and $900. Two-bedroom apartments rent for as much as $1,350-$1,900 nearby with an average rent of $1,521 within a mile in the last 12 months. Seller is a licensee in the state of Missouri.

Take the virtual tour: https://my.matterport.com/show/?m=cmLHKjPXkVL