Cap Rate in Investment Properties

Welcome to the Cabanne Castle! This historic 42-unit (24-1 bed/1 bath and 18-2 bed/2 bath) takeover project that has permits and plans approved (expired need to be renewed) has passed framing inspection and has a ton of upside potential and value add opportunity. The building has passed framing inspection (buyer will need to renew permits) and is ready for MEPs (mechanical, electric, plumbing). Capex updates that have already been done are: new roof, tuck pointing, new windows on rear and sides of building and some duct work ran. This sale also includes the lot 5329 Cabanne which is perfect for additional tenant parking. Value add opportunity by converting basement level into additional apartments, storage or offices. This is an amazing fast track opportunity to quickly take over a historic building.

5315 Cabanne Avenue, St Louis

$229,999

2 Beds ⋅ 2 Baths ⋅ 24057278 MLS ⋅ COMING SOON Status ⋅ Tenth Street Lofts Condo BLDG.

Urban living at its finest in one of the largest open concept floorplans, 2104 sq ft on ONE level in the Tenth Street Lofts . Close to transportation, restaurants, venues and parks***Lots of natural lighting. Original owner enjoys the gourmet kitchen with wood cabinetry, granite countertops, stainless steel appliances (gas vented stove-unusual in this building), center island with bar high seating, adjoining dining area that flows into the living room. Soaring ceilings, lots of windows, wood floors throughout and a versatile floorplan. Roof top deck***Two ensuites with full baths, Primary bedroom w/full bath, separate tub & shower with glass tile wall, detailed tiles & walk through closet***guest bedroom is separated from living area by glass tiles allowing sunlight peak through***Private laundry w/washer & dryer 2023. This unit is meticulous maintained and provides a streamlined look with bold colors provided by the furnishings. Secure heated main flr garage & 5th flr storage

1010 Saint Charles Street Unit #802, St Louis

$210,000

2 Beds ⋅ 2 Baths ⋅ 24055186 MLS ⋅ ACTIVE Status ⋅ Brentwood Forest Condo Ph Eight BLDG.

Welcome to this charming two-bedroom, two-bathroom condo, perfectly situated on the main level for easy access and convenience. This home has been thoughtfully updated throughout, offering a comfortable and stylish living experience. As you enter, you're greeted by a living room featuring a cozy electric fireplace, perfect for relaxing evenings. The living area flows seamlessly into the dining room, where a patio door opens onto a private patio—ideal for outdoor dining or morning coffee. The kitchen has been tastefully updated with modern fixtures and finishes, providing ample counter space and storage. The two bedrooms offer generous closet space and the master bedroom features an en-suite bathroom, while the second bathroom is conveniently located for guests and the second bedroom.This condo includes a separate laundry. Located in a community with swimming pools and a tennis court, and easy access to shopping and dining this condo offers both comfort and convenience.

9155 Wrenwood Ln, St Louis

$130,000

2 Beds ⋅ 1 Baths ⋅ 24054651 MLS ⋅ ACTIVE Status ⋅ Willow Brook Condo BLDG.

Updates galore in this 2nd floor condo! Enter to nicely maintained laminate flooring throughout the living room. The kitchen and breakfast room have ceramic tile flooring. The kitchen is well appointed with newer cabinets, solid surface countertops, appliances include a stainless-steel refrigerator, an electric range, microwave, dishwasher and disposal. In unit washer and dryer is a huge convenience! Both bedrooms have ample closet space. The bathroom has been updated with a vessel sink and ceramic tile. Additional updates include a newer HVAC, water heater and some newer windows. There is a secure storage locker in the community basement as well as coin operated washer and dryers if needed. You will enjoy the club pool, clubhouse and community playground. Easy access to highways, shopping and restaurants. INVESTORS - this condo is rentable! This is a must see!!

10421 Briarbend Drive Unit #10, St Louis

$99,000

1 Beds ⋅ 1 Baths ⋅ 24053693 MLS ⋅ ACTIVE Status ⋅ Willow Brook Condo BLDG.

Why pay rent when you can own? It's all here!! *Upper level, vaulted ceiling *New very plush carpet, neutral paint. * UPDATED KITCHEN *Stainless appliances (new dishwasher and microwave). * Updated cabinets. Plantation shutters. Additional private/locked storage area in lower level. *Clubhouse *POOL. NICE!

10401 Briarbend Drive, St Louis

$4,500,000

24054127 MLS ⋅ ACTIVE Status

Well maintained 68 unit, 18 buildings; newer roofs, thermal windows, doors, and appliances. 60 one bedrooms and 8 two bedrooms. Brick one-story buildings. Forced heat, window unit air, and in-unit laundry. Plenty of Parking (1 to 3 spaces per unit) throughout. Walking distance to shopping and public transportation. Easy access to highways and airport. The tenants pay for electric, gas, sewer and water.

9748 Mcdowell, St Louis

$3,200,000

24054125 MLS ⋅ ACTIVE Status

46-2 Bedroom Units throughout the complex consisting of 13 ranch-style buildings. Newer windows, hardwood floors, force heat, and central air, and updated kitchens and baths. Many units have granite countertops and ceramic tile flooring. Lots of parking throughout. Close to major highways and easy access to the airport and downtown.

1 Marvin, St Louis

$139,900

24053647 MLS ⋅ ACTIVE Status

This is a mixed use property that is currently being used as a 5-unit (1 bed or studio) apartment complex in Carondelet conveniently located near Downtown. Property needs some TLC. Great income potential.

7425 Pennsylvania Avenue, St Louis

$115,000

2 Beds ⋅ 1 Baths ⋅ 24052232 MLS ⋅ ACTIVE Status ⋅ Berlin Place Add BLDG.

2Bed/1Bath Condo in the Historical Congress West Hotel in DeBaliviere neighborhood. Clean and move-in ready. Wonderful natural light, tall ceilings, ample storage and a terrific open floor plan make this top floor unit extremely welcoming. Master Bedroom has a walk-in closet and the 2nd bedroom could be used for sleeping or a home office. Close to all you love. Forest Park, the Metro, Wash U, BJC, charming bistros, shopping, entertainment & more. Convenient laundry on every floor (there's also space to add your own in-unit laundry). The Elevator and garage are located off of the 1st floor. Great for owner occupy or rent out. Garage parking is on waitlist for $60/month, Outside parking on the west side is free on first come first serve. Reasonable monthly fee covers your water, sewer & trash.

5316 Pershing Avenue Unit #507, St Louis

$9,900

24051942 MLS ⋅ ACTIVE Status

Rare opportunity to own potentially two multifamily lots side by side! This is the perfect opportunity to land bank or build your investment portfolio. Investment minded owner occupants build and live in one unit while renting the second unit offsetting your monthly expenses. These cleared lots are ready for your vision to unfold. Surveys are available! Inquire for more information, these won’t last long!

5225 Minerva Avenue, St Louis

$9,900

24051934 MLS ⋅ ACTIVE Status

Rare opportunity to own potentially two multifamily lots side by side! This is the perfect opportunity to land bank or build your investment portfolio. Investment minded owner occupants build and live in one unit while renting the second unit offsetting your monthly expenses. These cleared lots are ready for your vision to unfold. Surveys are available! Inquire for more information, these won’t last long!

5223 Minerva Avenue, St Louis

$230,000

1 Beds ⋅ 1 Baths ⋅ 24049168 MLS ⋅ ACTIVE Status ⋅ First Amendment/West End Lofts BLDG.

Welcome to your dream condo in St. Louis' vibrant Central West End! This exquisite 1-bedroom, 1-bathroom residence boasts breathtaking high ceilings and an abundance of natural light that enhances its open and airy feel. Step inside to discover new luxury vinyl flooring that beautifully complements the modern kitchen, complete with elegant granite countertops and upgraded shelving for all your culinary needs. The spacious bedroom features custom storage solutions in the closet, ensuring everything has its place. Relax on the covered and screened patio overlooking the pool, your private oasis for unwinding. Enjoy the convenience of a designated covered parking spot, an elevator, a shared workout room, a dog washing station, and a dedicated storage locker in the basement. this condo offers a blend of elegance and ease you won’t want to miss!

4100 Forest Park Avenue Unit #424, St Louis

$149,900

2 Beds ⋅ 1 Baths ⋅ 24046161 MLS ⋅ ACTIVE Status ⋅ Oakbrook Forest Condo BLDG.

Recently updated 2-Bedroom one bath condo in convenient central location in University City. Fresh neutral paint, luxury vinyl flooring, newer carpet. The great room has a high vaulted ceiling and large windows that opens to an updated kitchen. Stainless steel Kitchen appliances include gas range, built-in microwave and a newer dishwasher. The hall bathroom has newer fixtures, vanity and flooring. Both the master bedroom and guest bedroom feature high ceilings and neutral carpet. Exterior patio with privacy screen overlooks mature plantings in a common court yard. Great location, Ruth Park Golf Course is just across the street. The new Costco development is minutes away with many more conveniences for shopping.

8536 Old Bonhomme Road, University City

$169,900

3 Beds ⋅ 2 Baths ⋅ 24046203 MLS ⋅ ACTIVE Status ⋅ Park Chas South Condos BLDG.

Affordable, carefree living in this end townhome unit. One of the few townhomes that features 3 bedrooms. There are 2 assigned parking spaces, one is conveniently located at your front door. Newer paint, carpet and vinyl flooring throughout. Kitchen features white cabinets and breakfast bar with newly added electric stove. (July). Dining area has chair railing and walks out to your rear privately fenced patio. Main floor laundry room is a nice bonus. Large master with plenty of closet space. Many ceiling fans are located throughout the home. Easy access to Page Ave Extension (364). Don't pass this one up. There is a $100 Yearly Fee in addition to the Monthly Association Fee.

33 Park Charles Boulevard Unit #D, St Peters

$255,000

2 Beds ⋅ 2 Baths ⋅ 24046076 MLS ⋅ ACTIVE UNDER CONTRACT Status ⋅ Bordeaux Condo Bldg 2 BLDG.

Impressive 2 BD, 2 BA, 3rd level, open floor plan, vaulted ceilings condo in the desirable Bordeaux Condominiums. Everyday conveniences are minutes away, restaurants & shops in downtown Cottleville. Shopping, services, parks and restaurants are nearby as is Hwys 70-94-364. The exterior is stunning w/stone, brick, fiber cement siding and cedar trim. There is a climate controlled, secure, common entrance and code access to enter. Enjoy 1,270 s/f of open living space that looks out to the neighborhood woods. Near by there is a walking trail, fountained pond and adjacent Woodlands Park. Features vinyl floors, shaker style cabinets, SS appl, tile b-splash, large Great Room, Dining area, private laundry, raised height double bowl vanity in the Master, all elec, composite deck, locked pers storage and 1 covered parking space. A monthly fee inc water-sewer-trash-ext maint-some ins(per C&Rs)-landscape-snow removal-parking lot maint and utilities for bldg common areas. Efficient 3rd floor condo.

234 Bordeaux Way, Cottleville

$119,900

1 Beds ⋅ 1 Baths ⋅ 24044499 MLS ⋅ ACTIVE Status ⋅ Parc Lorraine Condo Aka Park BLDG.

Welcome to this beautiful RENOVATED condo located on upper level. The first glimpse of the flowing open area is a NEW LAMINATE flooring installed throughout the condo. Open spacious living area has lots of natural light, NEW RECESED LIGHTING installed throughout the condo. The kitchen features all NEW APPLIANCES, installed high end GRANITE COUNTERTOP, new BACKSPLASH. Center GRANITE ISLAND. Plenty of closets, access from kitchen to your balcony, with new COMPOSITE DECKING. All new updated bathroom with new VANITY, a NEW SHOWER, LIGHT FIXTURES, TILES. Other updates included ELECTRICAL PANEL recently installed. The POOL and Clubhouse makes this place really stand out. Enjoy the perks of this great location near highways, shopping centers, restaurants and so much more.

1680 Herault Place Unit #F, St Louis

$2,600,000

24043262 MLS ⋅ ACTIVE Status

Incredible opportunity to own the Grant School Apartments. Grant School was originally built in 1893 and underwent a total and complete redevelopment in late 2005. All systems were updated and modernized at that time. The property consists of 27 units. The property recently had all common areas updated as well as 6 units that underwent a full cosmetic rehab with updates to the following: kitchen - stainless steel appliances, quartz countertops, bathroom, appliances, central air, and new flooring throughout. The building has incredible rental upside. Market rents for 1 bd unit - $1,013 & 2 bd units - $1,407.

3009 Pennsylvania, St Louis

$1,650,000

24041954 MLS ⋅ ACTIVE Status

Welcome to 5300 Maple Ave.: 2 buildings comprised of 18 units: 12 (2 Bedroom units), 4 multi-level town homes (2 bedroom units), 2 (1 bedroom units). Property has been receiving upgrades since acquisition: a newer roof less than 5 years old including the flat roof; 3 new decks (2 in back and 1 in middle); wooden fence in rear; metal fence in front; and many new systems in place. 14 units having been revamped and refreshed. Building features a basement utilized as an office and storage that could provide supplemental coin laundry income. The property is on a quiet dead-end street less than a mile from Forest Park golf course and the famous mansions on Lindell Blvd. Washington University is also nearby. This stabilized property with the tax rate of Saint Louis generates enough income to set it apart from any other multi-family buildings on the market. A realistic pro-forma suggests over a 10% cap if you increase the below market rents. This is an excellent opportunity!

5300 Maple Avenue, St Louis

$202,000

2 Beds ⋅ 2 Baths ⋅ 24041594 MLS ⋅ ACTIVE UNDER CONTRACT Status ⋅ Brandywine Condo 3 BLDG.

*Seller will pay 5 months of HOA fees plus up to $3000 towards buyer's closing cost!* Chesterfield Condo! Carefree living at it's finest. Lots of parking and under ground garage. This second floor condo has an elevator and additional storage on the same floor. Great open floor plan, appliances stay. Spacious Great Room with gas fireplace, dinning rm with lots of natural lighting, large kitchen, laundry area, Primary bedroom has en suite and a very large walk in closet, nice size second bedroom, hall bathroom, a balcony that overlooks a courtyard. Enjoy the Clubhouse and Pool this summer!

1525 Hampton Hall Drive Unit #11, Chesterfield

$1,311,300

24041708 MLS ⋅ ACTIVE Status

This 6 Family in a primetime location near Wash U is perfect for student housing! The building has four 2 bedrooms units and two 3 bedroom units. Units in this area are in high demand due to its walkability to Wash U, Forest Park, The Loop.

5943 Kingsbury Avenue, St Louis

$125,000

1 Beds ⋅ 1 Baths ⋅ 24025577 MLS ⋅ ACTIVE Status ⋅ Pershing Ave Condos BLDG.

Welcome to DeBaliviere Place! This lovely contemporary sun-filled condo on the 5th floor has so much to offer. Hw floor & tons of natural light. A balcony to enjoy coffee, wine and grilling. Amazing walkable neighborhood. Walk to Forest Park, The Boathouse, tennis and pickleball, the world famous St. Louis Zoo and The Muny & History Museum. Located a few feet from the trolley down to the loop with countless restaurants and entertainment venues. Located just 5 minutes from Washington University and BJC. Perfect for students as the Wash. U shuttle picks up right in front. Also located right around the corner from the Metrolink. Elevator to all floors. Unit comes with one secured parking spot, community bike room and community laundry on 5th floor.

5630 Pershing Avenue Unit #56, St Louis

$214,400

2 Beds ⋅ 2 Baths ⋅ 24035981 MLS ⋅ ACTIVE Status ⋅ Brandywine Condo 1 BLDG.

CONDO FEES PAID THROUGH 2024! Delightful CONDO with Great Location! City of Chesterfield, MO, named among one of the best places to live in America, ranked #19th and #2 in MO by Niche.com. 5 minutes drive to Grocery Stores, Starbucks and plenty of restaurants. Part of a beautiful, peaceful and safe condominium living area, Brandywine. Amenities like pool, clubhouse, trails, lake and cover and secure parking entrance. This spacious ground floor condo offers a great room with large focal gas fireplace, dining/kitchen combo with breakfast bar plus white cabinets and stylish backsplash. Primary bedroom is bright and airy with a walk in closet and bath. Second bedroom with ample storage and space. Laundry room and a full hall bath complete this 1,157 sq feet condo. Don't forget about the shaded patio off the great room which is a perfect way to welcome yourself home. Private entrance, elevator, 1 garage cover space, nice size storage room are included!

1509 Hedgeford Drive Unit #2, Chesterfield

$1,360,000

24038904 MLS ⋅ ACTIVE Status

Here is an opportunity to own a newly renovated, solid brick building with nice floorplans. 16 1 Bedroom, 1 Bath units in 2 buildings. Sale includes 4227-29 Ellenwood (8 units) and 4231-33 Ellenwood (8 units). Majority of units are renovated and updated. Units have hardwood floors, central heating and cooling, updated kitchens and baths. Property enjoys long term tenants, increasing rents and steady income. Solid investment in a great rental area. The property is conveniently located and walking distance from historic Bevo mill, bus stops, Southtown Centre, several restaurants, and establishments. Property is attractively priced at 8% CAP rate.

4227 Ellenwood Ave, St Louis

$575,000

24037463 MLS ⋅ ACTIVE Status

Agent owned. Outstanding investment opportunity - 11 efficiency units that rent quickly located in a quiet building just across the street from Jefferson Barracks Park. There is off-street parking behind the building as well as plenty of on-street parking around building. Tenants enjoy common area laundry room in building. Rent roll provided - tenants are a mix of inherited and new tenants. Units in building rent for up to $700/month currently. Building has 4 year old roof that comes with a transferable warranty. Bank appraisal completed in February 2023, coming in at $575k with gross income at $10,000+ LESS than current income. Rent roll, expenses, and list of improvements in supplements. Sq foot is approximated estimate by owner and should be verified by buyer. Agent is an owner and this building is self-managed by the owners, so bring your questions and offers and we will get you answers quickly!

9982 S Broadway Street, St Louis

$725,000

24033565 MLS ⋅ ACTIVE Status

Ok! Are you ready ! THIS 18 UNIT IS BACK AND BACK AT IT'S BEST.. Newly remodeled INCLUDING 2ROOFS SEWER LATTERAL COME LOOK AT IT don't let this one get away great investment 3of the 4 beds are rented 1375 8/14 1beds are rented for 775 .

8440 N Broadway N, St Louis

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5+ Family Investment Properties