Multi-Family for Sale: 763 Chamberlain Place, St Louis, MO 63119

$4,730,000
$4,730,000
763 Chamberlain Place, St Louis, MO 63119
$4,730,000
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Price:
$4,730,000

Type Multi-Family
Lot Size 1.71 acres
Year Built 1960
Taxes Paid $25,486

City St Louis
County St Louis
School District Webster Groves
Subdivision John D Finney

MLS 24019919
Status Active
DOM 81 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

Elementary School Avery Elem.
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 $4,730,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 763 Chamberlain Place, St Louis, MO

Location Map Street View
Photo of Andrea Owens
Direct: 314-609-4079
Office
107 W Lockwood Ave
Webster Groves, MO 63119
962-1100
Listed by The Agency, Anthony Klier
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0.53881606765328%
6.75%
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763 Chamberlain Place (MLS #24019919) is a multi-family listing located in St Louis, MO. This multi-family listing is on a lot of 74,488 sqft (or 1.71 acres) and is 64 years old. This property was listed on 04/03/2024 and has been priced for sale at $4,730,000.

Nearby zip codes are 63109, 63123, 63139, 63143 and 63144. This property neighbors other cities such as Affton, Brentwood, Maplewood, Shrewsbury and Webster Groves.

Maris

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: The Agency

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