1209 Chambers RD new Save Request In-Person Tour Request Virtual Tour
Ferguson,MO 63135
Key Details
Property Type Multi-Family
Sub Type 5 Family or More
Listing Status Active
Purchase Type For Sale
Square Footage 11,536 sqft
Price per Sqft $77
Subdivision Chambers Forest
MLS Listing ID MIS25017274
Year Built 1960
Lot Size 0.960 Acres
Property Sub-Type 5 Family or More
Property Description
This property has a total of 11,536 sq. ft. across three buildings. There is opportunity to significantly enhance property value and cash flow by increasing below-market rents to align with current market rates, coupled with optimizing property management efficiencies for improved operational performance. There is the added potential to reduce or entirely eliminate utility expenses by billing tenants for their usage. All 2-bedroom, 1-bathroom of the units have been recently updated. Significant improvements include a roof less than 5 years old and a newly redone parking lot within the past 2 years. Safety is a priority, with onsite cameras located at the complex. The property includes seven basements with 2 apartments sharing one basement. There are 14 washer and dryer hookups (no machines currently in place). The current rents total $8,965/month, with potential for increases. The nearby 2202 Hord, 63136 recently sold for $60,000 per unit, with each unit rented at $605/month.
Location
State MO
County St. Louis
Area 63 - Mccluer
Interior
Heating Forced Air,Natural Gas
Cooling Central Air,Electric
Laundry Common Area,Other
Exterior
Parking Features false
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Griffith Elem.
Middle Schools Ferguson Middle
High Schools Mccluer High
School District Ferguson-Florissant R-Ii
Others
Special Listing Condition Standard