-
763 CHAMBERLAIN PL SAINT LOUIS, MO 63119
- Townhouse or Condo / Resale (MLS)
Property Details for 763 CHAMBERLAIN PL, SAINT LOUIS, MO 63119
Features
- Lot Size: 1.71 acres
- Total Units: 38
- Total Rooms: 11
- Stories: 100
- Heating: Yes
- Construction Type: Frame
- Exterior Walls: Brick veneer
Facts
- Year Built: 01/01/1960
- Property ID: 873160880
- MLS Number: 24019919
- Parcel Number: 22J-11-1286
- Property Type: Townhouse or Condo
- County: St Louis
Pre-Foreclosure Info
- Recording Date: 02/21/2008
- Recording Year: 2008
Description
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
This listing is NOT a foreclosure. 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.
Real Estate Professional In Your Area
Are you a Real Estate Agent?
Get Premium leads by becoming a RealtyStore.com preferred agent for listings in your area
Click here to view more details
All information provided is deemed reliable, but is not guaranteed and should be independently verified.