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About the Listing AVRC01 - PHAUG
8828 Riverview Blvd is an uncommon investment opportunity. What makes it so? The building is positioned in a neighborhood sweet spot & filled with good tenants. The monthly rental amounts are at or near market rates (see attachment). The monthly expenses are low (especially real estate taxes - a variable outside of investor’s control). The collection of various systems serving the building have been replaced or updated by licensed technicians under permit (i.e. roof 2023, HVAC systems 2019, plumbing 2022, electrical 2022, 24, 25,). The investment returns are high, 9.545% Capitalization (Cap) Rate at offer price. Deploying a Ratio Utility Billing System (RUBS) would lower your expenses further and elevate the Cap rate to 10.527%. The building was constructed in 1941, each apartment is a one bedroom/one bathroom unit. These apartments have a modern floor plan which feature secluded bedrooms, a separate space for dining, and a generous living room. The original hardwood floors are the star of the show, beautiful, long lasting and durable: The kitchens feature newer shaker style white cabinets with upgraded plywood bases, updates include an over the range microwave. Deep thought and planning have gone into this investment which in turn will, effectuate a strong performance now, and long into the future. PLUS, you have the ability to watch over your investment from anywhere in the world, literally. High quality surveillance lets you peek in on the investment at any time. The building is full, showings will be available with an accepted contract. Additional photographs of the apartments and improvement projects are available in the attachments.
Listing Highlights for 8828 Riverview Boulevard
Status
Active
Days on Site
21
Property Type
Multi-Family
MLS ®
25068562
Year Built
1941
Total Square Footage
3,264
Lot/Acreage
0.11
County
St Louis City
Neighborhood
Veronica Park Add
Area
5 - North
School District
St. Louis City
Elementary School
Earl Nance Sr. Elem.
Middle School
Yeatman-Liddell Middle School
High School
Vashon High
Interior Details
- Bedrooms: 4
- Bathrooms: 4 Full
- Appliances: Microwave, Electric Range, Refrigerator, Gas Water Heater
- Air Cond: Central Air,Electric
- Heating: Forced Air,Natural Gas
- Fireplaces: 0
- Floor: Ceramic Tile,Hardwood,Linoleum
- Above Ground Sq Ft: 3264
- Below Ground Sq Ft: n/a
- Basement: Storage Space,Unfinished
- Other: Entrance Foyer,Historic Millwork,Pantry,Separate Dining,Shower,Tub
- Water: Public
Exterior Details
- Lot Description: Level,Rectangular Lot
- Garage Capacity: N/A
- Parking Spaces: 4
- Roof: Architectural Shingle,Asphalt,Pitched/Sloped
- Others: Balcony,Updated/Remodeled
- Sewer:
- Parking Features: Parking Pad
Financial Details
- Tax Amount: $550
- Taxes w/Assessments: N/A
- Tax/Property ID: 6228-00-0070-0
- Tax Year: 2024
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Listing Location
Questions About..
8828 Riverview Boulevard St Louis, MO 63147
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