1209 Chambers Rd 14 Unit Apartment Building $890,000 ($63,571/Unit) Ferguson, MO 63135
EXECUTIVE SUMMARY
Built in 1960, the property has a total of 11,536 square footage across three buildings on a 41,818 square foot lot. 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. The current rents total $10,185/month, with potential for increases.
All 2-bedroom, 1-bathroom units have been recently updated across three buildings. 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, each basement is semi private, with 2 apartments sharing one basement. There are 14 washer and dryer hookups (no machines currently in place).
All 2-bedroom, 1-bathroom units have been recently updated across three buildings. 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, each basement is semi private, with 2 apartments sharing one basement. There are 14 washer and dryer hookups (no machines currently in place).
PROPERTY FACTS
| Price | $890,000 |
| Price Per Unit | $63,571 |
| Sale Type | Investment |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 11,536 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1960 |
| Parking Ratio | 1.39/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer Hookup
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Basement
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 14 | - | 700 - 800 |
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PROPERTY TAXES
| Parcel Number | 11H-33-1070 | Improvements Assessment | $112,120 |
| Land Assessment | $13,300 | Total Assessment | $125,420 |
ZONING
| Zoning Code | R-1C |
