4770-4774 Kings Dr
Saint Louis, MO 63116
Chadwell Arms · Multifamily Property For Sale
·
20 Units
Property Facts
| No. Units | 20 | Lot Size | 0.31 AC |
| Property Type | Multifamily | Building Size | 12,614 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1966 |
| Building Class | C | Parking Ratio | 1.98/1,000 SF |
| Zoning | MF | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 12,614 SF |
| No. Stories | 2 |
| Year Built | 1966 |
| Parking Ratio | 1.98/1,000 SF |
| Zoning | MF |
Amenities
Unit Amenities
- Storage Space
- Heating
- Kitchen
- Refrigerator
- Range
About 4770-4774 KINGS DR , SAINT LOUIS, MO 63116
Outstanding opportunity to purchase a well maintained 20 unit apartment complex located on a quiet street in the Princeton Heights neighborhood. Built in 1966 this building has many upgrades including a recently replaced TPO fully adhered roof, 2 recently updated units, updated vinyl windows, all units have central air with 8 newer condensers, some newer furnaces, exterior paint, etc. There is potential to raise rents and add value with additional cosmetic updates to the units. There are 12 one-bedroom units and 8 two-bedroom units. The updated 2 bedroom unit is currently being marketed at $735 and the 1 bedroom at $565. 2 bedrooms in the area rent from $600-$800 with 1 bedrooms renting from $500-$700 depending on updates and size. Building features off-street parking, storage units in the basement for tenants, there are washer and dryer hookups and potential to add additional income with laundry in the basement. The 2019 rental income was $121,113. Inquire for more detailed financial information.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | - |
| 2+1 | 8 | - | - |
Property Taxes
| Parcel Number | 6174-00-0010-0 | Improvements Assessment | $116,280 |
| Land Assessment | $5,850 | Total Assessment | $122,130 |
Property Taxes
