4 Units in Clayton

4 Units off Hanley Rd in Clayton, MO

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Villa Roma Apartments

96 Unit Apartment Complex in St. Charles, MO

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320 Unit Storage Facility In Park Hills

320 Recently built storage units available located in Park Hills Missouri on 4.75 acres. These steel units comprising 69,240 total square feet feature a mix of boat and recreational vehicle storage, a large 60×60 storage unit that could be used to run a small business, medium and smaller storage units. The 60×60 unit is climate controlled and the majority of units offer both electricity and lighting. The secure storage facility features an app called spider door which allows for an owner and tenant portal which makes for easy, remote, contactless leasing and access. There has been very little marketing done with this complex which included marketing on facebook, a radio spot and one sign on the property. A future owner marketing with google and additional online advertising along with additional signage, billboards, etc will make a big difference with reaching high occupancy of the facility. There are numerous storage facilities nearby that are at
full capacity with higher rents for similar size storage units. There is the potential to be near $300,000 in gross rent based on 95% of capacity with market rents in the area. Great opportunity to have a large passive income with little management and oversight.

 

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Commercial Lot In Richmond Heights

Richmond Heights 50 x 158 commercial lot totaling 7,902 sf is located in the Clayton School district. The lot is zoned commercial but could be potentially rezoned to residential 4 unit apartment building or single-family home. The lot is cleared and ready to be built on. Located near St. Marys Hospital, DeMun Neighborhood and Forest Park.

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Mixed-Use Opportunity In Grand Center District

Commercial investment opportunity in the Grand Center District near SLU for sale only. Property leased long term to daycare operator for $2,500 per month. The 10-year lease from 2016 has increases to $2,650 in 2022 and $2,800 in 2024 and expires in 2026. The buildings and systems were gut renovated approximately 15 years ago and are in good condition. Tenant pays all utilities and operational maintenance costs and owner pays real estate taxes of $4,256, building insurance of $2,154 and any structural or roof maintenance. Annual income is $30,000 with fixed expenses of $6,410 creating a net income of $23,590 which is a 9.8% cap rate minus any potential repairs or maintenance. Tenant is very successful and has perfect payment history. Please do not disturb tenant.

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Parking Lot West Of St. Louis University

This parking lot is approximately 33 parking spots just west of St. Louis University campus which is currently rented to the apartment building at 3900 Lindell. The parking lot is currently leased month to month under market rent at $1,500 a month, the amount charged for parking could be raised substantially. 3909-11 West Pine can only be purchased with 3910-12 Lindell which is available for sale for $725,000. There is the potential to purchase and use part of the parking lot at 3909-11 West Pine for parking at 3910-12 Lindell and lease out the remainder of the parking to the apartment building next door. There is also the potential to build a small multi family or to resell the parking lot to a developer or St. Louis University in the future as St. Louis University owns the parking lot directly to the east of 3909-11 West Pine.

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Fully Occupied Retail Building In Midtown West Of Future MLS Stadium

Well maintained retail property located in Midtown just a few blocks west of the future MLS complex, Union Station, Aquarium, Ferris Wheel, Enterprise Center and two blocks east of Chaifetz Arena, St. Louis University. Harris Stowe University is across the street and Wells Fargo campus is located caddy corner to the building with approximately 5,100 employees at that location. Building is 100% occupied, currently setup with five businesses. Two tenants have had leases since 1986 and three tenants that have at least 3 years left on their lease. The dry cleaning business has been in the location since 1986 and is owned by the building owner and can stay and sign a lease.  The cleaners are currently taking up 2 bays so there is the potential for 6 bays in the future. The building has a recently replaced roof, recently replaced HVAC and duct work. There are 38 parking spots and the potential to charge for parking for events at Chaifetz Arena, SLU events, future MLS soccer games and Enterprise Center. The 2019 gross rent was $73,369 which does not include any rent from the dry cleaners. With the dry cleaners paying $2,400 a month, the warehouse being rented at a market rate of $1,500 a month and charging $416 a month for parking the gross income would be $114,886 with a net income of $92,435.20 which would be a 10.3% cap rate. There is a recent appraisal of $1,100,000 for the building. All of the tenants survived the Covid shutdown and are paying rent

Paying buyers agents 2.0%

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Well maintained 14 unit mixed use building with 10 apartments and 4 commercial spaces

Well maintained 14 unit mixed-use building with 10 apartments and 4 commercial spaces. There are 4 one-bed units and 6 efficiency units, all units come with a balcony. This would be a great investment for someone looking for an up and running turn-key investment or a business owner who could have their business in the building and have the tenants pay the mortgage. The building generated $73,548 in income in 2018 with $23,938 in expenses creating a net income of $49,249 which is a 10.7% cap rate. The income for 2019 is on track for very similar income and expenses. There is plenty of room to raise the rents for the new owners, market rent for these units is approximately $495 for the studios, $525-$550 for the 1 beds and $550-$700 for the commercial units depending on the space. The building is solid, plumbing and electric have been updated and 7 of the 10 residential units have recently undergone cosmetic makeover with new laminate flooring, new hotel style heating and air conditioning wall units. Any vacant units will be made rent-ready and filled prior to closing. Seller is a licensed agent in the state of Missouri.

Paying buyers agents 2.70%

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2,982 sq ft commercial building located In Overland which could be used for almost any purpose including Dispensary

This 2,982 sq ft commercial building is located in right off of Page and Woodson near 170, minutes from downtown Clayton and the airport. Previously used as a bar and grill this space could be used for almost any purpose including a dispensary, any retail use or trade, office, contractor warehouse, possible live/work option or could potentially be converted to a multi family property. There is central air and plenty of parking. Zoned C2-Commercial. Property to be sold as-is.

Paying buyers agents 2.70%

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Pre MLS Renovation Opportunity in The Grove

Rare opportunity to purchase a 15,300 sq ft mixed use building in The Grove. A single family home directly behind it located at 4307 Hunt is also available to be purchased as a package. The building on Tower Grove can be purchased without the home on Hunt for $495,000. The home on Hunt can be included for $100,000. The home on Hunt is a 2 bedroom which is approximately 1,040 sq ft and is in move in condition but could also be torn down for an addition to the Tower Grove building and/or a parking lot or sold as a retail 2 bedroom 1 bath home.

Building is comprised of 10,200 sq ft of above ground space with a 5,100 sq ft basement, the top floor is currently five 1,000 sq ft two bedroom apartments with original architectural skylights. The first floor is 5,100 sq ft of commercial space with high ceilings, exposed brick walls and hardwood floors. The building is in need of a full and complete renovation.

There is redevelopment on all four sides of the property with the new Woodword Lofts directly to the south, new construction to the south east, new construction proposed across the street by the Missouri Foundation For Health. Directly to the north there is a new development proposed called Vista Place with a condominium collection of 4 single family homes with 2 lofts. There are new single family homes being built directly to the west.

Building could be potentially nominated to be a historic building which would allow federal and state tax credits, its across the street from a historic district. The property is located in an Opportunity Zone and is one of the last potential renovation projects connecting The Grove neighborhood to the Shaw neighborhood. The Tower Grove building can remain mixed use or has the potential to be converted to five 2,000 sq ft town-homes with private basements, or could be ten 1,000 sq ft 2 bedroom apartments. With rents for new updated 1,000 sq ft 2 bedroom apartments at $1,500 each the building has the potential for $15,000 a month and $180,000 in annual income.

Paying buyers agents 2.50%

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