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$890,000

Added 2 months ago

1209 Chambers Rd, Ferguson, MO

Real Estate

For Sale

Listed price in listed location currency (USD).
$890,000

Added 2 months ago

0011536 sqft0
  • Key Facts
  • Description
  • Map

Key Facts

Type 5 Family or More
Levels Residential Income
Size 11536 sqft
Garage No
HOA Fees 
Taxes $8,939
Days Active 55
Approx. Age 1960
Avg. Price Per Sqft $77
MLS® Number 25017274

Property Address: 1209 Chambers Rd, Ferguson, Missouri

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number25017274
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelCommon Area, Other
Exposure
Exterior
GarageNo
Approx. Age1960
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatForced Air, Natural Gas
A/CCentral Air, Electric
Heating Fuel

Extras

Building, Land

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