245 Chambers RD, Riverview, MO 63137
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245 Chambers RD, Riverview, MO 63137
245 Chambers RD, Riverview, MO 63137
245 Chambers RD, Riverview, MO 63137
245 Chambers RD, Riverview, MO 63137
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245 Chambers RD Riverview, MO 63137

23,744 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 Family or More

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 23,744 sqft

Price per Sqft $84

Subdivision Riverview Gardens

MLS Listing ID 26045194

Style Apartment Style,Garden,Low/1-2,Traditional

Year Built 1965

Annual Tax Amount $29,292

Lot Size 1.070 Acres

Acres 1.07

Property Sub-Type 5 Family or More

Property Description

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.

Location

State MO

County St. Louis

Area 31 - Riverview Gardens

Rooms

Basement Full, Interior Entry, Storage Space, Unfinished

Interior

Interior Features Eat-in Kitchen, Kitchen/Dining Room Combo, Natural Woodwork, Pantry, Storage

Heating Forced Air, Natural Gas

Cooling Central Air, Electric, Separate Meters

Flooring Ceramic Tile, Hardwood, Laminate

Fireplace N

Appliance Exhaust Fan, Free-Standing Gas Range, Free-Standing Refrigerator, Gas Water Heater

Laundry Common Area, See Remarks

Exterior

Exterior Feature Lighting

Parking Features false

Fence Other, Security

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

Roof Type Shingle

Private Pool false

Building

Lot Description City Lot, Corner Lot, Few Trees, Level, Near Public Transit, Paved, Rectangular Lot

Story 2

Water Public

Level or Stories Two

Structure Type Brick

Schools

Elementary Schools Glasgow Elem.

Middle Schools R. G. Central Middle

High Schools Riverview Gardens Sr. High

School District Riverview Gardens

Others

Ownership Private

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition Standard


Listed by Jessica Vargas • Nettwork Global

Nearby School & Business

Kim Banovz

Kim Banovz

Broker | License ID: 475.209182

+1(618) 670-1910

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