$3,600,000
bedrooms
0
bathrooms
0
square feet
0
Acreage
0.2789
Open Houses
-
year built
1922
Full Baths
0
Half Baths
0
Extremely rare 36 unit gut rehabbed apartment complex in the heart of the Central West End. Walk to SLU, Wash U, Barnes/BJC, Forest Park and much more. The building is an even split: 17 1 beds and 17 2 beds + 2 extra offices or studio units on the first floor. The buildings were completely gutted in the 80's while preserving tons of historic charm. All of the systems have been updated: new PVC, copper pipes, forced heat/central air, a brand new elevator a few years back and a drywall finish throughout. The apartments are spacious with an open floor plan, large balcony and an unobstructed view of the arch, forest park or cathedral basilica. The property with in-place NOI $302,000 is a 8.4% CAP RATE; the building stays 100% leased with mostly international students from SLU. Current rents are about $350 below market; Add some personal touches, update kitchens & baths or just cash your rent checks – perfect value for someone looking to live & invest in a Class A neighborhood.
Location | |
Subdivision | Lindell Add 02 |
County | St Louis City |
Elementary School | Pamoja Prep / Cole |
Middle School | L'Ouverture Middle |
High School | Sumner High |
Find out more
Tell us who you are, and we will have someone reach out to you.
MLS number: 25008695
Listing agent:
Anthony Klier
#2022012991
Listing broker:
The Agency
(314) 280-9996
Copyright © 2025 MARIS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
[source]
Last update: Monday, February 17 2025 at 10:13 p.m. EST
Kotohomes National
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