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Features Archives: Balcony

3446 Indiana, St. Louis, MO 63118

UNIT DETAILS – Look no further than this large two story townhouse. With 4 bedrooms and 2.5 bathrooms this property has everything you need and more. It is recently renovated with new carpets in the bedrooms, large kitchen, in-unit washer and dryer, master suite, and spacious second story deck. There is also a bonus room on the third floor that could be used as a small office or study area. Two off-street parking spots.
PROPERTY DETAILS – Located one block off Cherokee St. near many restaurants and entertainment. Very close to South Grand and Tower Grove Park.
LEASE DETAILS – $1200 Security Deposit; 12-month lease minimum. Dog or cat friendly building with additional deposit of $250 and a monthly pet fee of $15 per pet, allowing one small dog or 2 cats. $35 utility fee. Application Fee is $40 per applicant to screen for evictions, credit and criminal background; No smoking

3530 Magnolia Ave., St. Louis, MO 63118

A huge, 3,304 sq ft duplex just half a block from Tower Grove Park is an opportunity you can’t ignore. Both units have beautiful original trimwork, pocket doors and 3 ornate nonfunctional fireplaces all still intact. The lower level unit is a very specious two bedroom unit, with bonus room. There is also a large area finished in the basement that has an additional living room, bedroom and bathroom, which was used by the tenant of this unit.

On the upper unit, there are two bedrooms and two bonus rooms on the second floor, and two additional bedrooms on the third floor. This unit is truly huge. The building does need work, but would be an amazing choice for an owner occupant duplex or single family conversion, sitting in the shadow of the park.

3005 Sidney St., St. Louis, MO 63104

This rental property offers a number of options for the real estate investor. Currently fully rented (all but one tenant is month-to-month), rent amounts are well below market rate for the area at $385, $385, $385, and $400. As things stand, the property offers a cap rate of 10%. That said, the property does need some work with the majority of it being on the exterior and cosmetics. So the best use will either be to renovate all the units and increase rents (projecting $650 a month on rents if fixed up nicely) or converting the building into townhomes. Located in a historic tax district, any significant renovation would be eligible for Federal and/or Missouri Historic Tax Credits, which would make the numbers work even better. No matter which route is taken, with a little TLC, this property could be a wonderful income generator.  There is also a large 3+ car garage in the back of the property that with a little work could be rented for additional income. Each unit has 4 rooms – living room, eat-in kitchen, bedroom, and bonus room. The 1st floor units feature walk through bedrooms with the 2nd floor units offering private bedroom space. Heating is provided via forced air furnaces with cooling coming from window AC.

4929 Eichelberger St., St. Louis, MO 63109

This updated and well maintained 4-family is up and running at full speed. No need to raise rents or do any fixup, just need to collect rent. Each of the four apartments has its own exterior entrance and features a living room, one bedroom, and an eat-in kitchen. The units are all updated with newer mechanicals including new HVAC and Water heaters installed in 2013.  The flat roof was replaced in 2013, the oversized 2-car garage in rear could be used for storage or to generate additional revenue.  This building is a “set it and forget it” investment located in a highly sought after area. Put it on your short list to view!