ready-to-open

5973 Page Blvd

Price
Listing Tags
—
Beds
11
Size
2700 sqft
Type
Single Family
5973 Page Blvd

Overview

A two-unit residence in the Hamilton Heights neighborhood of St. Louis, with four bedrooms, two full baths and a plan for eleven beds. Each unit holds two bedrooms and its own bathroom. The house keeps its original hardwood floors, pocket doors, claw-foot tubs and two fireplaces, and central air and forced-air heat are already in place. Offered at $5,000 a month.

Lease and Income Structure

Located in the Hamilton Heights area of St. Louis, this spacious approximately 2,700-square-foot property offers 4 bedrooms and 2 bathrooms and is configured as a two-unit residence, with each unit featuring 2 bedrooms and 1 bathroom.

The property retains several original architectural features, including hardwood flooring, mahogany doors and trim, pocket doors, claw-foot bathtubs, and two fireplaces, giving the home a distinctive character while providing a flexible layout. The property also features central air and forced-air heating.

With its multi-unit configuration and generous living space, this property offers an opportunity for an operator looking to establish a recovery-oriented or shared-living residence in the St. Louis area, subject to applicable zoning, licensing, occupancy, and other local requirements.

Property Highlights:

  • 4 bedrooms
  • 2 full bathrooms
  • Approximately 2,700 sq. ft.
  • Two-unit configuration
  • 2 bedrooms and 1 bathroom per unit
  • Hardwood flooring and original architectural details
  • Two fireplaces
  • Claw-foot bathtubs
  • Central air and forced-air heating
  • Approximately 2,970 sq. ft. lot
  • Located in the Hamilton Heights neighborhood of St. Louis

Interested operators are encouraged to conduct their own due diligence regarding property condition, permitted use, zoning, occupancy requirements, and any requirements applicable to recovery or shared housing.

Property Financials
Bed Data
Private Beds 6
Shared Beds 5
Total Beds 11
Vacancy Rate (estimated) 20%
House Mentors 0.5
Revenue-Producing Beds 8.50
Weekly Rent $180.00
Intake Fee $200.00
Revenue (Annual)
Total Potential Rent Income $102,960.00
Less: Vacancy & Loss $20,592.00
Less: Mentor Rent Credit $4,680.00
Plus: Intake Fee Revenue $3,600.00
Plus: Laundry Service Revenue $1,872.00
Total Revenue $83,160.00
Expenses (Annual)
Operating Expenses $15,894.00
Property Insurance $2,600.00
Operator Compensation $24,000.00
Valuation
Capitalization Rate 8.50%