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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, and restaurants and bars on Manchester. Building underwent renovation including kitchens with granite countertops, updated cabinets, and appliances. One unit has in unit laundry. Each apartment has two-bedroom units. One unit will be available for a potential owner-occupant. All systems were updated during the renovation including HVAC, electricity, PVC plumbing stacks. There is off-street parking and fenced backyard with a deck in the back. Apartments are rented under market rent. Two-bedroom apartments rent from $1,350-$1,900 nearby with average rent of $1,521 within a mile in the last 12 months. Can be purchased with 4 family at 4341 Swan next door. $659,000 Active

4337 Swan Avenue St Louis, Missouri

0.115 Acres

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, and restaurants and bars on Manchester. Building underwent renovation including kitchens with granite countertops, updated cabinets, and appliances. Two units have in unit laundry. Each apartment has two-bedroom units. One unit will be available for a potential owner-occupant. All systems were updated during the renovation including HVAC, electricity, PVC plumbing stacks. There is off-street parking and a fenced backyard with a deck in the back. Apartments are rented under market rent. Two-bedroom apartments rent from $1,350-$1,900 nearby with average rent of $1,521 within a mile in the last 12 months. Can be purchased with 4 family at 4337 Swan next door. $659,000 Active

4341 Swan Avenue St Louis, Missouri

0.121 Acres

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 1889 this building consists of one 3 bedroom unit and two 2 bedroom units for a total of 7 bedrooms. Current rents are $3,035/mo or $36,420 annualized. There is the potential to add value and raise rents in the future - these units rented at market rates could yield $45,600 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 have been updated. Would be ideal for an investor or owner occupant. Can be purchased with nearby 3 family 4370 Swan or with 6 other total nearby multi families as part of a package. Inquire with the listing agent for more information. $475,000 Pending

1210 S Newstead Avenue St Louis, Missouri

0.057 Acres

Would make an excellent investment for 1031 exchange proceeds. Opportunity to purchase 14 building lots in gated development overlooking the mansions on Washington Terrace and next to the Central West End and Forest Park. Lots are fully improved with all infrastructure in place including water, sewer, electric, and private gated street. Zoning is E. Multi-Family Residential and would be ideal for luxury Town Homes. The 14 Fee Simple lots are part of the 40 lot Delmar Town Home Association that has been approved by the city of St. Louis Building Division and Cultural Resources. Potential to split the 14 lot package into 2 and 4 lot packages at $45,000 a lot. Professional appraisal in 2021 valued lots at $57,000 each. In 2022, a package of four lots sold for $45,000 per lot ($180,000). Short term seller financing available to qualified buyers. Additional lots are available for purchase. $630,000 Active

5400 Delmar Place Court St Louis, Missouri

30,492 SqFt 0.700 Acres

Park Vue Flats is a newly renovated complex is in the historic South Side of St. Louis City, adjacent to the beautiful 27-acre campus of St. Mary’s High School. This property is in the final stages of an extensive, years-long renovation. It’s a like-new apartment complex with significant value-add potential. The complex comprises 84 fully updated apartments with 168 bedrooms. There are (52) 2-bed/1,5 bath units and (32) 2-bed/1.5 bath units with private patios. 2-bed/1.5 bath units now rent for $1,100 plus $36 utility fee. 2-bed/1.5 bath units with private patios now rent for $1,200 plus $36 utility fee. Construction on the complex is approximately 97% complete. Occupancy is currently 75%, the property will be delivered at a minimum of 90% occupancy. There is potential to increase the value of the property significantly by raising rents to current market rates at renewal, and also adding fees for parking, pets, and tenant storage. Can be purchased with One Loop Apartments. $11,250,000 Active

3769 Delor Street St Louis, Missouri

3.890 Acres

One Loop Apartments includes 59 fully renovated apartments, conveniently located a half mile from Washington University's North Campus, and the Delmar Loop. There are 5 total buildings in the complex which have 9 (1) bed units, 13 (2) bed units, and 37 (3) bed units. 146 total bedrooms in the complex. The entire complex is fully renovated – with the last two units currently being completed. The complex is 96% full including 4 pending tenants scheduled to move in. The seller plans to sell the property with all of the apartments completed with 96%+ in occupancy. There is potential to raise the rents to the market rents for a good portion of the units, which could generate an additional $40,000+ annually in revenue. Priced at a 7.99% cap rate. With renovation completed the complex is similar to being new construction, which will keep maintenance and turnover costs low. All electric building. Laundry facility and playground was added. Includes secure gated parking with 76 parking spots. $6,100,000 Active

1135 Hodiamont Avenue St Louis, Missouri

2.019 Acres

 

 

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