a sweet 16” quadruplex
TRANSCRIPT
a “Sweet 16” QUADRUPLEX
7326 through 7342 Hampton St Louis, MO 63109
A quadruplex of very nice apartment buildings, each with the same design/floor plan with four, separately metered, 1-Bedroom, 1 Bath units in each for a total of 16 units in the complex. Built in 1987, the quadruplex sits at a fantastic location immediately across the street from the City's beautiful Willmore Park less than two blocks west of the intersection of Hampton Ave and Gravois Road with great walk-ing scores to really good quality of life essentials all nearby. While the 4 buildings are on very similar sized adjacent lots, the sales offer-ing is for all 4 buildings and the entire parcel set which incorporates the 4 lots plus one very small "anomaly" lot on the eastern-most segment of all the parcels combined. The financials and pro-forma analytics make this a really good investment opportunity to add to the astute investor's real estate holdings portfolio. Additional info in the supplemental documents. Per Realist/County data, each building approx 2,574sqft / 10,296sqft total
ASKING $1,050,000 MLS #17021658
Tom Kennedy - Broker Associate Cell: 314-497-5384 Office: 314-480-3800 Fax: 314-480-3802 E-Mail: [email protected] web: www.mystlouisagent.com
a “Sweet 16” QUADRUPLEX // 7326 through 7342 Hampton // St Louis, MO 63109 MARIS mls #17021658
Market Rents $625 Gross Income Potential $120,000 Market Rents $625 per unit 4% Vacancy $4,800 Effective Gross Income $115,200 Expenses Insurance $9,233 Mgt Fees (4%) $4,608 Property Taxes $10,005 Make Ready/Repair* $4,000 Mowing $1,800 Water/Sewer $4,944 Trash** $1,200 Annual Expenses $35,790 NOI $79,410 VALUE $1,050,000 CAP RATE 7.56% NOTE: * Current owner has additional one time expenses upgrading the units in 2016 ** Trash is estimated cost based on weekly pickup from shared trash commercial dumpster. Currently, owner has been providing individual cans per unit.
7326-7342 Hampton Ave @4/17
Willmore PropProperties, LLC “masked” Rent Roll
full rent roll and other financial data to be provided during contract to close process
Unit Tenant Contract Rent
1 7326A Recently vacated $575.00
2 7326B occupied $550.00
3 7326C occupied $550.00
4 7326D occupied $560.00
5 7330A occupied $560.00
6 7330B occupied $550.00
7 7330C occupied $550.00
8 7330D occupied $550.00
9 7336A occupied $550.00
10 7336B occupied $550.00
11 7336C occupied $525.00
12 7336D occupied $550.00
13 7340A occupied $525.00
14 7340B occupied $565.00
15 7340C occupied $550.00
16 7340D occupied $550.00
Total $8,8100
7326-7342 Hampton Ave
Key Features 16 units each 1 Bed, 1 bath
96% Occupancy Rate
Market for increased rents
Approx 630sf per unit
Approx 2,574sf per bldg
Built in 1987
Brick exterior
All Electric Central Air
Separately metered
Tom Kennedy - Broker Associate Cell: 314-497-5384 Office: 314-480-3800 Fax: 314-480-3802 E-Mail: [email protected] web: www.mystlouisagent.com
Schedule a showing through the MLS Better yet, send offers to: [email protected] Any ?’s - - - - - call Tom