Sold

763 Chamberlain Place

St Louis MO, 63119

Price upon request


Sold

Commercial

Built in 1960

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.

24019919

MLS ID

April 3, 2024

Listed

October 1, 2024

Updated

Map

763 Chamberlain Place
St Louis MO, 63119

Interior Features

Fireplace

No


Cooling

Yes


Cooling Description

Electric


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

1.71 Acres


Sewer

Public Sewer

School Information

School District

Webster Groves


High School

Webster Groves High


Elementary School

Avery Elem.

Other Property Details

Area Name

Webster Groves


Taxes

$25,486


Tax Frequency

Annually


Days on Market

112


Garage

No


Parking

Space/Unit - 1, Guest Parking, Parking Garage


View

No


County

St Louis


Municipality

Webster Groves


Water Source

Public


Pool

No

Listing History

Date

Event

Price

8/28/2024

Sold

7/24/2024

Pending

Courtesy of The Agency, Anthony M Klier

Listings displaying the MARIS logo are courtesy of the participants of MO - Mid America Regional Information Systems (MARIS) Internet Data Exchange. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor The Deskin Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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