6 Unit Multifamily Turnkey with Property Management

333 Chambers Rd, St. Louis, MO 63137

$300,000 After Repair Value -
$260,000 Asking Price -
$0 Cost of Repairs =
$40,000 Potential Profit

Property Details

Asking Price $260,000

After Repair Value $300,000

Costs of Repairs $0

Potential Profit $40,000

Living Area 4000 ft2

Property Type Multi-Family

Bedrooms 6

Bathrooms 4

Half Bathrooms 2

Parking 0

Listed with Agent No

Property Description

6 Unit Multifamily/Commercial Building For Sale
Just Rehabbed, Turnkey with Property Management
Asking $260,000
333 Chambers Rd St Louis, MO 63137
4 one bedroom residential units
2 Commercial units which are setup for office/retail.
$3685 monthly rent

1 of the residential units has had the same tenant at $500 per month for 10 years. The rest of the residential and commercial units just were finished being made rent ready this week and are in the process of tenant placement at $595 for the residential and $700 for the commercial units. Numerous applications have been received, finalizing leases this week.

Residential 1A- $500 monthly(Been there 10 years, just renewed lease)
Residential 1B- $595 Taking Applications, just completed rehab for tenant placement
Residential 1C- $595 Taking Applications, just completed rehab for tenant placement
Residential 1D- $595 Taking Applications, just completed rehab for tenant placement
Each residential unit is 485 sq ft, 1 bed 1 bath

Commercial 1A- $700+ Taking Applications, just completed rehab for tenant placement
Commercial 2A- $700+ Taking Applications, just completed rehab for tenant placement
Each commercial unit is 1000 sq ft with a half bath

Recent Repairs

Unit 1B
New kitchen cabinets
New counter and sink
New flooring throughout
New tub surround
New blinds
New HVAC wall unit
New stove and fridge
New ceiling fans
New paint throughout
New steel security screen door installed
New smoke and CO2 detectors
10002 Stimson:

Unit 1C
New kitchen cabinets on bottom - repainted on top
New counter and sink
New flooring throughout
New tub surround
New blinds
New HVAC wall unit
New stove and fridge
New ceiling fans
New paint throughout
New vinyl windows
New steel security screen door installed
New smoke and CO2 detectors

Unit 1D
New kitchen cabinets on bottom - repainted on top
New counter and sink
New flooring throughout
New tub surround
New blinds
New HVAC wall unit
New fridge
New ceiling fans
New paint throughout
New vinyl windows
New steel security screen door installed
New smoke and CO2 detectors

Commercial Unit 1:

New carpet squares in 70% of unit
New water heater about 12 months ago
HVAC serviced
New paint in the unit
New blinds
Unit has emergency lighting if loss of power
New smoke detectors and CO2 detector

Commercial Unit 2:
New carpet squares throughout
New paint throughout
HVAC serviced
Unit has emergency lighting if there is a power outage
New smoke detectors and CO2 detectors
Exterior and general building:

General repairs:
Lots were resurfaced two years ago and striped on the lower lot
Front garden beds mulched this past week
Ameren installed all new electric meters on the outside. Can turn electric on and off remotely at Ameren
Exterior doors painted

This property has been priced to sell and has an excellent price to rent ratio. We are not currently accepting offers contingent upon financing. The property has had the following inspections: roof, electrical, hvac, general walkthrough. If you are a serious buyer who can move quickly feel free to reach out with your email address to receive the information packet. We will be sending it out to all those who inquire in the next couple of days. We also have an excellent property management company we can connect the buyer with to manage the property.

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