Apartment Style, Garden, Low/1-2, Traditional
245 Chambers Road
Riverview, MO 63137
MLS#: 26045194
$2,000,000
Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1965
Sq.Footage
23,744
Welcome to Chevelle Apartments! Exceptional opportunity to acquire a well-maintained 32-unit apartment community comprised of eight (8) four-family brick buildings on approximately 1.07 acres. The property is currently 28 of 32 units occupied, with ownership actively leasing the remaining vacancies. Based on the current asking price and the reported 2025 Net Operating Income of $165,953, the property offers an approximate 8.3% CAP rate. Units rent for $850/month. The complex consists of spacious 2-bedroom, 1-bath units, with the majority featuring beautiful hardwood floors or luxury vinyl plank flooring. Plumbing has been updated, and the owner has continually invested in the property's mechanical systems over the years, resulting in a well-maintained asset with strong long-term ownership. Residents enjoy coin-operated laundry facilities conveniently located on-site, as well as an on-site management office with a restroom located in the lower level of one of the buildings. The parking lot and retaining walls are in excellent condition, reflecting the pride of ownership throughout the property. The community maintains a no-pets policy, has predominantly non-smoking residents, and offers a clean, professionally managed environment. Units include ranges and refrigerators; dishwashers are not installed, helping minimize maintenance and replacement costs. **No owner financing available.** **Do not disturb tenants.** Showings are by appointment only with the listing agent after proof of funds or lender pre-approval.
Features & Amenities
Interior
-
Other Interior Features
Eat-in Kitchen, Natural Woodwork, Pantry, Storage
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Above Grade Finished Area
23552.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Central Air, Electric, Separate Meters
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Forced Air, Natural Gas, Exhaust Fan
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Other Exterior Features
Lighting
-
Parking
Asphalt, Common
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Features
City Lot, Corner Lot, Few Trees, Level, Near Public Transit, Paved, Rectangular Lot
-
Lot Size(acres)
1.07
-
Lot Size(square feet)
46,609
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
-
Architectural Style
Apartment Style, Garden, Low/1-2, Traditional
Price
-
Sales Price
$2,000,000
-
Tax Amount
$29,292
-
Sq. Footage
23,744
-
Price/SqFt
$84
HOA
-
Association
No
School District
-
Elementary School
Glasgow Elem.
-
Middle School
R. G. Central Middle
-
High School
Riverview Gardens Sr. High
Property Features
-
New Construction
NO
-
Foundation Details
Concrete Perimeter
-
Ownership
Private
-
Senior Community YN
NO
-
Water Source
Public
Schedule a Showing
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Location
County
St. Louis
Elementary School
Glasgow Elem.
Middle School
R. G. Central Middle
High School
Riverview Gardens Sr. High
Listing Courtesy of Jessica Vargas , Nettwork Global
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AGENT
Tammy Hardy
Call Tammy today to schedule a private showing.
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