1209 Chambers RD Active Save Request In-Person Tour Request Virtual Tour
Ferguson,MO 63135
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi-Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 11,536 sqft
Price per Sqft $77
Subdivision Chambers Forest
MLS Listing ID 25017274
Year Built 1960
Building Age 65
Lot Size 0.960 Acres
Property Sub-Type Multi-Family 5+
Property Description
This property has a total of 11,536 sq. ft. across three buildings. 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. All 2-bedroom, 1-bathroom of the units have been recently updated. 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 with 2 apartments sharing one basement. There are 14 washer and dryer hookups (no machines currently in place). The current rents total $8,965/month, with potential for increases. The nearby 2202 Hord, 63136 recently sold for $60,000 per unit, with each unit rented at $605/month.
Location
State MO
County St Louis
Area Mccluer
Interior
Heating Forced Air
Cooling Electric
Laundry Common Laundry,Other
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Griffith Elem.
Middle Schools Ferguson Middle
High Schools Mccluer High
School District Ferguson-Florissant R-Ii
Others
Acceptable Financing Cash Only,Conventional,Other
Listing Terms Cash Only,Conventional,Other
Special Listing Condition Other,None