2016 S 9th Street
Property Description
NEARLY $10,000 A MONTH IN PROJECTED RENT. SIX UNITS. TWO BUILDINGS. ONE SOULARD ACQUISITION. Offered together at $1,150,000, this package projects $9,937 in monthly gross rent-$119,244 annually-following completion and full lease-up. That is $40,000 below the combined individual asking prices. All six residences are 2-bedroom, 1-bath units across two adjoining parcels. The four-family at 2018-2020 is fully gut rehabbed; the two-family at 2016 is under construction with expected completion December 1, 2026. The renovation scope includes new A/C, furnaces, water heaters, roofs, appliances, kitchens and baths. Once completed, those new systems can reduce maintenance calls and near-term repair costs, leaving more income available after expenses and making a six-unit portfolio easier to manage yourself. Completed interiors feature quartz counters, stainless appliances, matte black fixtures, wide-plank flooring and marble-look tile, with retained exposed brick. Two existing leases generate $3,337 per month; the remaining four units are modeled at $1,650 each. Planned rear improvements include gated asphalt parking and a resident turf area. Approximately 8,212 SF of reported building area and a 93 Walk Score. Rental projections are gross income before expenses and depend on completion and lease-up. Interior photos depict the completed four-family.
Broker Details
The Agency (314) 280-9996
MLS ID: ANTKLIER State License Number: 2022012991
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,150,000 |
| No. of Units: | 6 |
| Year Built: | 1884 |
| Lot Size: | 8,212.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $191,667 |
| Property Website | Click Here |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 2 |
ID: 3yd-MARISMO-26065792
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