Anthony M. Klier
This listing was posted on RealtyWW.
$4,730,000
Home For Sale In Saint Louis, Missouri
Price:
$4,730,000
BR/BA:
2 BR
Location:
763 Chamberlain Pl, Saint Louis, MO
Description:
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.For more details: https://realtyww.info/homes_saint-louis-d523904/for-sale_i70283833
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More About this Listing: Home For Sale In Saint Louis, Missouri
Home For Sale In Saint Louis, Missouri is a Two Bedroom Single-Family Homes for Sale at 763 Chamberlain Pl in Saint Louis MO. Find other listings like Home For Sale In Saint Louis, Missouri and listings near 763 Chamberlain Pl by searching Oodle Classifieds for Two Bedroom Single-Family Homes for Sale in Saint Louis MO.
Home For Sale In Saint Louis, Missouri is a Two Bedroom Single-Family Homes for Sale at 763 Chamberlain Pl in Saint Louis MO. Find other listings like Home For Sale In Saint Louis, Missouri and listings near 763 Chamberlain Pl by searching Oodle Classifieds for Two Bedroom Single-Family Homes for Sale in Saint Louis MO.