1209 Chambers Rd - Apartments FOR SALE


Ferguson, MO 63135
$890,000 USD
314-238-8603
1209 Chambers Rd, Ferguson, MO for Sale
$890,000 USD
Apartments - FOR SALE
1/16
null | Request Cap Rate

1209 Chambers Rd
Ferguson, MO 63135


OVERVIEW

Property Details: Built in 1960, the property has a total of 11,536 square footage across three buildings on a 41,818 square foot lot. Value-Add Potential: 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. Unit Details: All 2-bedroom, 1-bathroom units have been recently updated across three buildings. Spacious Living: The total building square footage is 11,536, situated on a generous lot of 41,818 square feet or 0.96 acres. Recent Upgrades: Significant improvements include a roof less than 5 years old and a newly redone parking lot within the past 2 years. Security Features: Safety is a priority, with onsite cameras located at the complex. Basements & Laundry: The property includes seven basements, each basement is semi private, with 2 apartments sharing one basement. There are 14 washer and dryer hookups (no machines currently in place). Strong Rental Income: The current rents bring $10,045/month. Comparable Sale: The nearby 2202 Hord, 63136 recently sold for $60,000 per unit, with each unit rented at $605 per month. Hord had a gross income of $72,600, while Chambers currently generates over $122,220 annually. Chambers benefits from more units, higher rents, and additional rental income potential.

FOR SALE DETAILS

PRICE

$890,000 USD

PRICE/SF

$77 USD /SF

# OF UNITS

14

PRICE/UNIT

$63,571

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

R-1C

APN/PARCEL ID

11H-33-1070

ASK ABOUT THIS PROPERTY

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314-238-8603

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Jordan SchoenInvest Saint LouisMore Info
314-238-8603

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