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5 Family or More, Low/1-2 - Ferguson, MO

This property has a total of 11,536 sq. ft. across three buildings. There is opportunity to significantly enhance property value and cash flow by increasing below-market rents to align with current market rates, coupled with optimizing property management efficiencies for improved operational performance. There is the added potential to reduce or entirely eliminate utility expenses by billing tenants for their usage. 13 of the 2-bedroom, 1-bathroom of the units have been recently updated with one in progress. Significant improvements include a roof less than 5 years old and a newly redone parking lot within the past 2 years. Safety is a priority, with onsite cameras located at the complex. The property includes seven basements with 2 apartments sharing one basement. There are 14 washer and dryer hookups (no machines currently in place). The current rents bring $10,045/month. The nearby 2...

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Invest St. Louis

License #2009024331

Saint Louis, MO

(314) 238-8603

Jordan Schoen

Invest St. Louis
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Is this your property? Sell it faster with premium placement and targeted ads.