1.71± Acres
St Louis County, MO

763 Chamberlain, St Louis, Missouri

MLS ID: 23042850
Status: Active
Price: $5,244,000
Acres: 1.71±
Type: Commercial
Address: 763 Chamberlain
City, State: St Louis, MO
County: St Louis County
ZIP Code: 63119
Parcel Number: 22 J-11-1286
Year Built: 1960


This 38 unit apartment building in Webster Groves has already had every unit fully renovated and all you need to do is bring the leases to market rent to be operating a 9.5% cap in one of the best central corridor locations of St Louis. The seller did a beautiful job renovating all apartments with IN-UNIT LAUNDRY, stainless steel appliances, granite counters, vinyl flooring and tiled bathrooms but he has not raised rents since he finished the remodel years ago. This is one of few multi-family buildings in Webster that has GARAGE PARKING + a pool. Most of the 1b1b units are at $885/m but the most recent unit was leased for $1200/m only days after becoming vacant. An organized leasing campaign will easily be able to obtain the proforma $1200/m rents for 1b1b units and $1600/m for the 2b1b units. The proforma NOI is $496,080. This property is extremely popular among Webster University students and young professionals looking to live in St Louis County but still be close to St Louis City.

Additional Information


Cooling: Electric
Heating (Yes/no): Yes
Heating: Forced Air


Inclusions: Building & Land
Lot Size Dimensions: 180x263
Lot Size Square Feet: 74,488
Parking Features: Space/Unit - 1, Guest Parking, Parking Garage
Water Source: Public


Days On Market: 109
Elementary School: Avery Elem.
Middle School: Hixson Middle
High School: Webster Groves High
High School District: Webster Groves
Subdivision Name: John D Finney
Tax Annual Amount: 25486

Extra Information

Disclosures: Unknown, Sellers Discl Not Av
Kim Nichols

Kim Nichols

Troy, Missouri

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Listed By: Anthony Klier of The Agency