Remarks

The building was fully renovated in 2012, providing modern finishes and amenities while keeping the original, charming historic character . The units are very large with unique floor plans. Units average 1,248 SF which offers much more living space than competing properties. Some units are very desirable two-story units. All units have in-unit laundry as well as central HVAC. Rents have not been raised to market, offering investors solid upside. The building has condo-like finishes and presents a condo conversion as a potential future exit strategy.

The property is one block from Tower Grove Park and just down S Grand Blvd from St. Louis University & its medical campus, and SSM Cardinal Glennon Children's Hospital. Tenants can walk to all that South Grand has to offer - many restaurants, shops, and entertainment options.

Seller financing is offered to qualified buyers at a 4.95% interest rate for 2 years. Please contact brokers for more information.

Details

MLS#: 25010422
Price: $1,950,000

Style: Multi-Family 5+
Sq Ft: 19386.0
Year Built: 1905

County: St Louis City
Subdivision: Switzer Place Add
Lot Size: 100 FT X 127 FT 6 IN
Tax Fee: 6297

School Elementary: Shenandoah Elem.
School Middle: Fanning Middle Community Ed.
School High: Roosevelt High
School District: St. Louis City