Remarks

5500 Pershing presents a once in a lifetime opportunity to own 16 units in one of the most sought after areas of St Louis, located on just the other side of Forest Park. This entire block is filled with Washington University and Saint Louis University students + Barnes Jewish Hospital nurses/ employees. There are 14 one bed/one bath units that are fully renovated with IN UNIT LAUNDRY, granite counters and vinyl flooring- that currently rent for $1100/month. There are 2 studio units that rent for $875/month. The Net Operating Income generated from this property in 2024 was $145,763 which put this property at an in-place cap rate of 7.26%. The building has been updated with PVC plumbing, copper electric and has a beautiful all brick exterior. This is one of the few properties on this street with central air so you can keep your expenses low. This building is fully occupied, tours will be on March 13th. Call listing agent for Rent Roll, three years of profit/loss and other financials.

Details

MLS#: 25013303
Price: $1,995,000

Style: Multi-Family 5+
Year Built: 1919

County: St Louis City
Subdivision: City/St Louis
Lot Size: 53x190
Tax Fee: 13652

School Elementary: Ford-Ford Br. Elem. Comm. Ed.
School Middle: Langston Middle
School High: Sumner High
School District: St. Louis City