Multi-Family for Sale: 763 Chamberlain Place, St Louis, MO 63119 SOLD
$4,370,000
$4,370,000
763 Chamberlain Place,
St Louis, MO 63119 SOLD
$4,370,000
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Selling Price: $4,370,000
Original List Price: $4,730,000
Sold at 92.4% of list price
Sold Date: 08/22/2024
Type Multi-Family
Lot Size 1.71 acres
Year Built 1960
Taxes Paid $25,486
City St Louis
Area Webster Groves
County St Louis
Subdivision John D Finney
MLS 24019919
Status Closed
DOM 112 days
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.
Lot & Building Features
Cooling Electric
Heat Source Gas
Heating Forced Air
Parking Description Guest Parking, Space/Unit - 1, Parking Garage
Sewer Public Sewer
Tax Year 2022
Water Public
Lot Dimensions 180x263 ft
Community and Schools
Junior High School Hixson Middle
Senior High School Webster Groves High
Price History of 763 Chamberlain Place, St Louis, MO
Date | Name | Price | Difference |
---|---|---|---|
04/03/2024 | Listing Price | $4,370,000 | N/A |
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed. |
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