Office: 314-780-9070

Sarah Bernard Redkey Realty St Louis Mo
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$4,730,000
100 Days Online

763 Chamberlain Place
St Louis, MO 63119

For Sale|Commercial|Active
0
Beds
0
Full Baths
0
Partial Baths

SqFt

/SqFt
1960
Built
Subdivision:
John D Finney
County:
St Louis

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

763 Chamberlain Place763 Chamberlain Place763 Chamberlain Place763 Chamberlain Place
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Mortgage Calculator

Monthly Payment (Est.)

$21,580
Calculator powered by Showcase IDX. Copyright ©2024 Information is deemed reliable but not guaranteed.

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.

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Listing Snapshot
Price 
$4,730,000
Days Online 
100 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
1.71 Acres
Year Built 
1960
MLS® Number 
24019919
Status 
Active
Property Tax 
$25,486
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 months agoListing updated with changes from the MLS®
3 months agoListing first seen online
General Features
Parking 
Space/ Unit - 1Guest ParkingParking Garage
Sewer 
Public Sewer
Acreage 
1.71
Water 
Public
Property Sub Type 
Multi Family
Attached Garage 
No
Interior Features
Cooling 
Electric
Heating 
Forced Air
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Community Features
Township 
Webster Groves
MLS Area 
Webster Groves
Schools
School District
Webster Groves
Elementary School
Avery Elem.
Middle School
Hixson Middle
High School
Webster Groves High
Listing courtesy of The Agency


Based on information submitted to the MLS GRID as of 2024-07-13 12:40 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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