Remarks

Meticulously maintained 20-unit apartment complex across three tax parcels in Tower Grove South. This is an incredible investment opportunity located near Tower Grove Park, Botanical Gardens, and Morganford’s vibrant shops, dining, and nightlife. Two brick buildings with one-bedroom units, private parking, and key code access. Current rents are below market with average rents at $725, presenting significant rent increase potential with average market rent at $895 for similar sized apts. Upgrades include appliances, garbage disposals, refinished floors, security cameras, Murray electrical panels, interior and exterior doors, vanities, counter-tops, medicine cabinets, on-site coin laundry, tenant storage, and a maintenance shop. The property features resealed parking lots and 25-year architectural shingle roofs. Each building offers baseboard heating, hotel-style cooling unit. Sixteen security cameras installed in 2023 offer enhanced safety. Seller reviewing offers at 2pm Fri Oct 25th.

Details

MLS#: 24065018
Price: $1,650,000

Style: Multi-Family 5+
Sq Ft: 21608.0
Year Built: 1965

County: St Louis City
Subdivision: Russell Estate Add
Lot Size: 45x145x99x104x13x7x87x42x86
Tax Fee: 6393

School Elementary: Oak Hill Elem.
School Middle: Long Middle Community Ed. Center
School High: Roosevelt High
School District: St. Louis City