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.
0 Bed
0 Bath
23,744 sq.ft
$0 per sq.ft
Apartment Style,Garden,Low/1-2,Traditional
$ 2,000,000
Coming Soon
0
26045194
0
0
23,744
192
Riverview Gardens
Riverview
Riverview Gardens
St Louis
Residential Income
Apartment Style,Garden,Low/1-2,Traditional
Residential Income
$29,292
Last 6 closed homes in this zip.
| Address | Bd/Ba | SqFt | List | Sold | Closed |
|---|---|---|---|---|---|
| 308 Crawford Road, Unincorporated, MO 63137 | 3/1 | 940 | $118,000 | $80,000 67.8% of ask |
Jul 31, 2026 |
| 213 Cameron Road, Unincorporated, MO 63137 | 3/1 | 956 | $95,000 | $94,000 98.9% of ask |
Jul 27, 2026 |
| 429 Shepley Drive, Unincorporated, MO 63137 | 3/1 | 854 | $125,000 | $111,000 88.8% of ask |
Jul 27, 2026 |
| 139 Monteith Circle, Unincorporated, MO 63137 | 3/1 | 927 | $74,900 | $57,000 76.1% of ask |
Jul 22, 2026 |
| 1326 Northumberland Drive, Moline Acres, MO 63137 | 4/2 | 1,215 | $114,900 | $105,000 91.4% of ask |
Jul 22, 2026 |
| 10235 Cabot Drive, Bellefontaine Neighbors, MO 63137 | 3/2 | 1,056 | $109,900 | $109,900 100% of ask |
Jul 21, 2026 |
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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.
Welcome to your next investment property. This property has been gutted and ready to finish. With some TLC this could be rent-ready in no time! This 3 beds 1 bath home features 844 main level sqft. Property is being sold as is.
This 3-bedroom home is coming soon, the only thing missing is you. More pictures coming soon
