2016 S 9th Street, Saint Louis, MO 63104

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.