1209 Chambers Rd

Ferguson MO 63135

11536 sq. ft.

41817.6 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

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. 13 of the 2-bedroom, 1-bathroom of the units have been recently updated with one in progress. 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 bring $10,045/month. The nearby 2202 Hord, 63136 recently sold for $60,000 per unit, with each unit rented at $605/month.