Courtesy: Salient Realty Group, LLC
314-374-3687
Exceptional investment opportunity featuring a 74-unit multifamily property comprised of 52 one-bedroom units and 22 two-bedroom units. This well maintained-asset offers significant value-add potential with 50 of 74 units already renovated. The updates include new vinyl plank flooring, updated trim, modern vanities, fresh interior paint, and upgraded light fixtures. The property benefits from onsite laundry facilities providing additional income and RUBS, helping offset operating expenses and enhance cash flow. With strong rental demand, low maintenance requirements, and below-market rents, this asset presents a compelling opportunity for investors seeking immediate income with substantial upside through continued renovations and rental increases. This is ideal for investors looking to capture cash flow and appreciation.
Courtesy: Heartland Realty
636-337-0600
Great opportunity! 0.700 acres on the highly traveled High Ridge Blvd., the property includes a 3 bedroom/1.5 bath house with living space, an attached office, and another possible rental space for storage or other business. Also, 2-two bedroom/one-bath apartments, 1-one bedroom/one bath apartment, 1-two bedroom/1.5 bath apartment, a beauty shop, an upholstery business, and a vacant office are included. Currently, the house is vacant, three apartments have month-to-month tenants, the beauty shop and upholstery business have month-to-month tenants. Showings will be scheduled for the vacant areas. Areas with tenants may be shown to clients preparing to submit a contract. The buyer may choose to allow the tenants to continue to rent or schedule the closing to allow one full month for tenants to move out. The home/property will be sold AS IS with no inspections or permits provided by seller. Many possible options to fulfill business goals.
High Ridge is located in Missouri. High Ridge, Missouri has a population of 4,201. High Ridge is more family-centric than the surrounding county with 32.1% of the households containing married families with children. The county average for households married with children is 30.74%.
The median household income in High Ridge, Missouri is $68,599. The median household income for the surrounding county is $71,285 compared to the national median of $69,021. The median age of people living in High Ridge is 46.1 years.
The average high temperature in July is 87.6 degrees, with an average low temperature in January of 21.5 degrees. The average rainfall is approximately 43.9 inches per year, with 12.8 inches of snow per year.
