763 Chamberlain Place

St. Louis, MO 63119

$4,730,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Fully renovated 38 unit apartment building in Webster Groves, 100% occupied with 20 units already leased at proforma rents. Currently the property is bringing in $41,618/month. The 1beds are leasing for $1075/month to $1210/month. The 2beds are leasing for $1350/month to $1425/month. EVERY APARTMENT has IN UNIT LAUNDRY, stainless steel appliances, white shaker cabinets, granite counters, tiled bathrooms and are a great size- extremely easy to lease. 36 GARAGE PARKING spaces + over a dozen off street...Fully renovated 38 unit apartment building in Webster Groves, 100% occupied with 20 units already leased at proforma rents. Currently the property is bringing in $41,618/month. The 1beds are leasing for $1075/month to $1210/month. The 2beds are leasing for $1350/month to $1425/month. EVERY APARTMENT has IN UNIT LAUNDRY, stainless steel appliances, white shaker cabinets, granite counters, tiled bathrooms and are a great size- extremely easy to lease. 36 GARAGE PARKING spaces + over a dozen off street parking spaces. The property has a pool in the center of the gated courtyard. If you annualize the current rent roll, factor in 5% vacancy and use the 2023 expenses- you arrive at a CAP RATE OF 7.83%. Once you bring all the units to proforma rents, you will be over a 9% cap rate. An in-place cap rate of a building this nice in Webster Groves is truly unheard of. This is extremely popular for Webster University students as they can walk to class. Ask for T12, rent roll and appraisal.
  1. Listed by Anthony Klier • The Agency

Amenities

  • Air Conditioning
  • Forced Air
  • Garage
  • Laundry
  • Parking Included
  • Stainless Steel Appliances
  • Street Parking

Location

Listing Courtesy of The Agency
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LISTING UPDATED: 04/03/2024 10:01 PM

Property Details for 763 Chamberlain Place

StatusActive
MLS #24019919
Days on Market28
Taxes$25,486 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi-Family 5+
Year Built1960
Lot Size1.71 AC / 74,488 SF
CountySt. Louis County

Location

Listing Courtesy of The Agency
Add your commute

Building Information for 763 Chamberlain Place

Stories-Residences38Year Built1960Building Size-Lot Size1.71 AC / 74,488 SF

Payment Calculator

$27,937 per month

30 year fixed, 7.25% Interest

Principal and Interest

$25,814

Property Taxes

$2,124

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 763 Chamberlain Place

Summary
Location and General Information
  • City: St Louis
  • County Or Parish: St Louis
  • Latitude: 38.594197
  • Longitude: -90.333088
  • Postal Code: 63119
  • State Or Province: MO
  • Sub division Name: John D Finney
  • Postal Code Plus 4: 2707
Taxes and HOA Information
  • List AOR: St. Louis Association of REALTORS
  • Parcel Number: 22J-11-1286
  • Tax Annual Amount: $25,486.00
  • Tax Year: 2022
Owner
  • Township: Webster Groves
  • Owner Name: Andrew M Haskenhoff
Parking
  • Attached Garage: No
  • Parking Features: Space/Unit - 1, Guest Parking, Parking Garage
School Information
  • Elementary School: Avery Elem.
  • High School: Webster Groves High
  • High School District: Webster Groves
  • Middle Or Junior School: Hixson Middle
Property
Lot Information
  • Lot Size Acres: 1.71
  • Lot Size Dimensions: 180x263
  • Lot Size Square Feet: 74488.0
  • Property Sub Type: Multi-Family 5+
  • Property Type: Commercial Sale
Property and Assessments
  • Documents Count: 0
  • Photos Count: 13
  • Videos Count: 0
  • Year Built: 1960
  • Disclosures: Unknown,Sellers Discl Not Av
  • Age: 64
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Heat Source: Gas
  • Cooling: Electric
  • Heating: Forced Air
  • Heating YN: Yes
Multi Family
Multi-Family Information
  • Number Of Units Total: 38
  • One Bed Unit Baths: 1 Per Unit
  • One Bed Unit Includes: 4 Rooms,Dishwasher,Laundry/Utility,Living/Great Room,Refrigerator,Range/Oven
  • One Bed Unit Rent: 1200
  • Bedroom number of Units: 29
  • TYPE: Apartment Complex,Apt Bldg/Exterior En
  • Two Bed Unit Includes: 5 Rooms,Dishwasher,Laundry/Utility,Living/Great Room,Refrigerator,Range/Oven
  • Two Bed Unit Rent: 1400
  • Two Bed Unit Units: 9
Income & Expenses
  • Net Operating Income: $302,807.00
  • Total Expenses: 104394.00
Rental
Rent Information
  • Lease Term: Leases
  • Tenant Pays: Electricity, Gas

Property History for 763 Chamberlain Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 763 Chamberlain Place

Taxable ValueLand$180,500Additions$282,700Total$463,200
Tax Record2023$31,772 ($2,648 / month)
Home Facts
Baths3Total Finished SqFt8,583 SqFtAbove Grade Finished SqFt8,583 SqFtStories2Lot Size74,488 SqFtStyleMulti-Family Dwelling (2-4)Year Built1960Zoning64BCountyST. LOUISAPN22J-1-1-128-6Fireplace TypeHas Fireplace

Schools near 763 Chamberlain Place

This home is within Webster Groves School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 7 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Avery Elementary School
PublicK to 5

Hixson Middle School
Public7 to 8

Webster Groves High School
Public9 to 12

W. G. Computer School Elementary
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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763 Chamberlain Place is a multi-family home for sale in St. Louis, MO 63119. This property was listed for sale on April 3, 2024 by The Agency, it's currently listed at $4,730,000. It has been on the market for a total of 28 days and was last sold on April 30, 2008. This listing's school district is Webster Groves School District. Nearby schools include Avery Elementary School, Hixson Middle School and Webster Groves High School. 763 Chamberlain Place is a 0-bed, 0-bath, multi-family home built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Agency

Based on information from one of the following Multiple Listing Services: MARIS, Bagnell Dam Association of REALTORS . Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MARIS, Bagnell Dam Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.