1209 Chambers RD, Ferguson, MO 63135 – 25061269

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Nancho Rodriguez

nancho@stlhometown.com +1(314) 297-6494

$890,000

Est. payment - /mo

11,536 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 Family or More

Listing Status Active

Purchase Type For Sale

Square Footage 11,536 sqft

Price per Sqft $77

Subdivision Chambers Forest

MLS Listing ID 25061269

Style Low/1-2

Year Built 1960

Annual Tax Amount $8,939

Lot Size 0.960 Acres

Acres 0.96

Property Sub-Type 5 Family or More

Property Description

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 2202 Hord, 63136 recently sold for $60,000 per unit, with each unit rented at $605/month.

Location

State MO

County St. Louis

Area 63 - Mccluer

Interior

Heating Forced Air, Natural Gas

Cooling Central Air, Electric

Fireplace N

Appliance Gas Water Heater

Laundry Common Area, Other

Exterior

Parking Features false

View Y/N No

Building

Water Public

Structure Type Brick

Schools

Elementary Schools Griffith Elem.

Middle Schools Ferguson Middle

High Schools Mccluer High

School District Ferguson-Florissant R-Ii

Others

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Special Listing Condition Standard

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Listed by Jordan Schoen • Invest St. Louis

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Nancho Rodriguez

+1(314) 297-6494

Agent | License ID: 2018006602

Agent License ID: 2018006602

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1209 Chambers RD Ferguson, MO 63135

Nancho Rodriguez

Key Details

Location

Interior

Exterior

Building

Schools

Others