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Cathleen Keasey
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(314) 835-6000
Mobile Phone:
(618) 660-2615
ckeas@att.net

IL Lic # 475.162025
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Saint Louis MO Real Estate & Commercial for Sale

1 Properties Found

The median home value in Saint Louis, MO is $325,000. This is higher than the county median home value of $201,000. The national median home value is $308,980. The average price of homes sold in Saint Louis, MO is $325,000. Approximately 76% of Saint Louis homes are owned, compared to 18% rented, while 6% are vacant. Saint Louis real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Saint Louis real estate agent to arrange a tour today!
Learn more about Saint Louis Real Estate.


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$4,730,000

763 Chamberlain Place St Louis, MO 63119

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
24019919
Type:
Multi-Family, Business Opportunities
Subdivision:
John D Finney
Lot size:
1.71 Acres
Year built:
1960
A broker reciprocity listing Courtesy: Anthony M Klier - The Agency Anthony M Klier
View additional info

Fully renovated 38 unit apartment building in Webster Groves, 100% occupied with 20 units already leased at proforma rents. Currently the property is bringing in $41,618/month. The 1beds are leasing for $1075/month to $1210/month. The 2beds are leasing for $1350/month to $1425/month. EVERY APARTMENT has IN UNIT LAUNDRY, stainless steel appliances, white shaker cabinets, granite counters, tiled bathrooms and are a great size- extremely easy to lease. 36 GARAGE PARKING spaces + over a dozen off street parking spaces. The property has a pool in the center of the gated courtyard. If you annualize the current rent roll, factor in 5% vacancy and use the 2023 expenses- you arrive at a CAP RATE OF 7.83%. Once you bring all the units to proforma rents, you will be over a 9% cap rate. An in-place cap rate of a building this nice in Webster Groves is truly unheard of. This is extremely popular for Webster University students as they can walk to class. Ask for T12, rent roll and appraisal.

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63119 Real Estate Listings Provided By:

Cathleen Keasey
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