763 Chamberlain Place
763 Chamberlain Place
$4,730,000
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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.
- Listed by Anthony Klier • The Agency
Amenities
- Air Conditioning
- Forced Air
- Garage
- Laundry
- Parking Included
- Stainless Steel Appliances
- Street Parking
Location
LISTING UPDATED: 04/03/2024 10:01 PM
Property Details for 763 Chamberlain Place
Status | Active |
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MLS # | 24019919 |
Days on Market | 28 |
Taxes | $25,486 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Commercial Sale / Multi-Family 5+ |
Year Built | 1960 |
Lot Size | 1.71 AC / 74,488 SF |
County | St. Louis County |
Location
Building Information for 763 Chamberlain Place
Stories-Residences38Year Built1960Building Size-Lot Size1.71 AC / 74,488 SF
Payment Calculator
$27,937 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 763 Chamberlain Place
Property History for 763 Chamberlain Place
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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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