Our
Mission
and History
Intrepid Realty has
a history and commitment to the revitalization of urban and distressed areas of
St.
Louis
and it’s surrounding municipalities.
Our mission is to assist in rebuilding
neighborhoods that have deteriorated through decades of neglect and disinvestments. In partnership with communities we bring
vision, experience and commitment to the challenges of revitalization.
We believe in a broad
outlook. We have worked in nearly every
type of housing market: affordable and market rate rental housing, historic rehab,
senior housing and home ownership.
We believe in long-term involvement.
We maintain our commitment to our residents by managing our properties to the highest
standards. Our commitment extends beyond housing as we work to strengthen social
structures in partnership with community organizations.
Our emphasis on community building encourages social and physical revitalization.
We believe in the power
of partnership. We work in concert
with residents, neighborhood groups, financial institutions, foundations, state
and local governments, and field agencies.
The partnerships we create become catalysts for change in the neighborhood development. Quality, responsive and community focused
personal management has been the hallmark of our development company since it’s
inception.
Since 1995 Intrepid
Realty has re-developed nearly seventy
properties in partnership with local community
leaders, grassroots organizations, and major institutions.
This commitment continues as Intrepid Realty continues to evolve. Below are some of the projects
that Intrepid Realty has been involved with.
The scope of our work ranges from large multi family sites to single family home
sites. Intrepid Realty will continue
to expand it‘s vision and work to create long term partnerships with local governments,
key institutions and people of the community.
Twin Oaks Apartments
(44 unit property)
This property consists
of eleven four family building located in a high profile area off of highway 55
and
Bates
Ave.
It had been poorly managed and under
financed for several years before we were asked to manage and turn the property
around. Before the redevelopment, there was a vacancy rate of 70%.
Two of the buildings were under project 87,
and there were numerous severe maintenance deficiencies on all eleven
buildings. Several buildings needed
complete gut rehabbed. Tenant problems
consisted of high delinquencies, drugs,
etc.
Scope of Redevelopment:
(Worked in conjunction with C.D.A. and Alderman Matt Villa)
*
Replaced all windows and storm doors
*
Replaced six roofs
*
Resurfaced and stripped parki8ng
lots, added sidewalks and curbs.
*
Tore out old bushes, trees, etc.
and replaced with new landscaping.
*
Installed concrete slabs
surrounded by cedar fence for property trash containers.
*
Installed all
new steel basement doors.
*
New signage.
*
Painted foundations and entry
doors.
*
Stabilized serious structural
deficiencies on two buildings.
The effect of this
redevelopment has been a tremendous boost and stabilization for the property and
surrounding area. The property has
a much better curb appeal and the units are more desirable, thus creating a more
stable tenant base. Other property
owners nearby have joined in on stabilizing the neighborhood and improving their
properties as well. Current occupancy
is at 96% Revenue up 60% and property value has increased by 60%.
6206 Columbia
Ave.
(Commercial Property)
This two story commercial
property was an old outdated heating and cooling company with an early 70’s décor. Intrepid Realty bought the property
with the intent of updating and opening up the space and moving our office operations
there. It is just off the Hill in
South St. Louis
and offered us great accessibility to all parts of the city along with more space
and comfort.
Scope of Redevelopment
*
Replaced all electric, plumbing and H.V.A.C. systems
*
Redesigned both first and
second floor plans/ complete gut rehab
*
Brought building up to current
building codes and readied for occupancy
*
Created warehouse and store
room in back and moved all Intrepid Realty operations to location.
The outcome of the
rehabilitation work turned out better than predicted.
The layout was very conductive to our operations and the extra space created
allowed us to grow.
The warehouse and storage had been a tremendous bonus to keeping cost down
and organization high.
3430
Virginia
and 3456
Tennessee
( Single Family Houses )
These 3 bedroom
homes needed a lot of work to bring them up to livable standards and meet conservation
districts codes. They were in need
of all new plumbing, electric and HVAC systems.
They both offer approximately 1800 square feet of living space with
Virginia
having a garage. The streets are very
quiet and a nice park is close to both properties.
Scope of Redevelopment:
* Replaced plumbing and electric
systems including water heaters and electrical boxes.
* Replaced heat and cooling
systems with new furnaces, ductwork etc.
* Remolded kitchens and baths
with cabinets, counter, etc.
* Extensive carpentry including
opening up stairways, foyers, and living rooms to offer more open
space.
* Redesigned bedrooms and hall layouts to offer
larger rooms and wider hallways.
* New light fixtures, vents,
mailboxes, sinks, etc. All new flooring.
*
Cleaned up basements, partially
finished and added washer/ dryer facilities.
This work was completed
very quickly, efficiently and within budget.
The homes sold quickly and are now filled with families..
A home warranty package was
offered.
Linden Garden
Apartments (36 unit property)
120 W. Catalan
This property consists
of two large buildings in the Carondelet Community.
Intrepid Realty had been involved in the revitalization and management of
this property since 1998. Our specific
focus for this property had been to make it handicap and elderly accessible and
to upgrade the units as they become vacant.
Scope of Revitalization:
*
Improve accessibility to
units for wheelchairs and other handicaps.
*
Signage.
*
Upgrade units with new appliances,
etc.
*
New flooring.
*
Landscaping.
*
Develop line of communication
with Housing organizations helping elderly and handicap.
Occupancy at
Linden
Gardens
is currently 100%. There is usually
a waiting list to get in, which demonstrates the need for more handicap accessible
and elderly housing. The property continues
to improve in its amenities and curb appeal and maintains a quiet and peaceful community
atmosphere.
(Scattered 2-duplexes,
1-three family and 1-six family…total of 13 units.)
2255 Shenandoah, 2263
Indiana
, 2243
Indiana
, 2262
S.
Jefferson
These properties
consist of four buildings on the same block with very similar characteristics. We purchased the properties through
foreclosure. The six family and three
family were vacant and all four buildings had severe maintenance defaults such as
frozen pipes, stolen furnaces, destroyed walls from vandals and water damage. Our goal was to rehab and modernize
all four buildings maximizing on the tremendous space and layout potential they
possessed.
Scope of Redevelopment:
*
Replaced windows.
*
Replaced plumbing and electrical
systems.
*
Replaced heat and cooling
systems.
*
Enhanced curb appeal with
exterior painting, cornice and gable work.
*
Remodeled kitchens and bathrooms.
*
Replaced entry doors and
interior doors.
*
Replaced two roofs.
*
Extensive drywall and carpentry
work.
The effect of this
work has been both profitable to the new owners and beneficial to the block. All four buildings have been fully rented
with long-term and stable tenants. They
have been basically maintenance free for the last two years with little maintenance
forecasted for the coming year.
Other Rehabilitation
Projects done by Intrepid Realty
745 Westgate
6 family in
University City
1 mile from
Washington
University
. Gut rehab 6 units raising market
rates by
$500 dollars per month
per unit., sold
to Washington University
3459 Itaska
4 bedroom house,
South City
, gut rehab,
sold property
4343
Minnesota
2 bedroom house,
South
City
, moderate rehab, sold property
8627 Octavia
2 bedroom house,
Jennings
, Moderate rehab, sold property
3738
Nebraska
2 family converted
into 4 bedroom house,
South
City
, gut rehab,
sold property
3459 Giles
2 family converted
into 4 bedroom house,
South
City
, gut rehab,
sold property
2149
California
2 family converted
into 4 bedroom units,
South
City
, gut rehab, sold property
3259-3261 N.
20th
2 family converted
into 4 bedroom units,
North
City
, gut rehab both units, sold property
2852-2854
Wyoming
2 family converted
into 4 bedroom house,
South
City
, gut rehab, sold property
2301-2303 Angelica
4 family converted
into two family,
North City
, complete rehab, sold property
2022 -2024 Mallinckrodt
4 Family - complete
gut rehab of all four units,
North City
, sold property
3672 Russell
12 family, South City,
moderate rehab updating of all units, landscaping, roofs , etc. current rental property
3666 - 3668 Russell
4 family, rehabbed
all four units,
South City
, current rental property
5313 Morningdale
Single family home
in
South County
with mold condemnation, performed mold remediation, gut rehab, currently up for
sale
4322 - 4324 Swan
2 Family - complete
makeover of both units.
Installed all new mechanical systems etc. currently for sale.
815 Wall
Single family home,
gut rehab, currently for sale
6424
Virginia
Single family home,
gut rehab, currently for sale
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