Address
763 Chamberlain Place, St Louis, MO
Price
$ 4,730,000
Property Attributes
  • MLS#24019919
  • TypeMulti-Family
  • CountyST LOUIS
  • CitySt Louis
  • AreaWebster Groves
  • NeighborhoodJohn D Finney
  • Zip63119
  • Style
  • Year Built1960
  • Taxes$ 25486
  • Price$ 4,730,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size1.71 Acres
Data Source:
Mid America Regional Information Systems (MARIS)
Property 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.

Elementary School Middle School High School
Avery Elem. Hixson Middle Webster Groves High
Price History
4/3/2024 Listed $4,730,000

General Features

Sewer Public Sewer
Heating Forced Air
Cooling Electric
Possession Close Of Escrow
Year Built 1960
Tenant Pays Electricity,Gas
Township Webster Groves
Property SubType Multi-Family 5+
Tax Year 2022
County St Louis
Net Operating Income 302807
Property Type Commercial Sale
Attached Garage No
Subdivision Name John D Finney
High School Webster Groves High
City St Louis
Disclosures Unknown,Sellers Discl Not Av
High School District Webster Groves
Total Units 38
MLS Area Webster Groves
Lot Size Square Feet 74488
Street Name Chamberlain
Elementary School Avery Elem.
Tax Annual Amount 25486
Middle/Junior High School Hixson Middle
Ok to Lease Leases
Standard Status Active

Interior Features

Heating Y/N Yes
Street Suffix Place

Exterior Features

Parking Features Space/Unit - 1,Guest Parking,Parking Garage
Water Source Public
Inclusions Building & Land
Lot Dimensions 180x263
Lot Size Acres 1.71

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 63119

Price
AVG $4.73M
$4.73M
Taxes
AVG $25,486
$25,486
Visits
AVG 75
74
Data Provided by Inside Real Estate®
Year Built
AVG 1960
1960