1337-1339 S Vandeventer Ave - Apartments FOR SALE


Saint Louis, MO 63110- Forest Park Southeast
$875,000 USD
314-451-7145
1337-1339 S Vandeventer Ave, Saint Louis, MO for Sale
$875,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

1337-1339 S Vandeventer Ave
Saint Louis, MO 63110
Forest Park Southeast


HIGHLIGHTS

  • Beautiful, Renovated Historic 5 Unit Building
  • Solid In-Place Rents w/ Room to Raise to Market
  • In-Unit Laundry and Central HVAC in All Units
  • Updated Systems - Electrical and Plumbing
  • Several Amenities: Shared Lounge, Private Courtyard and Garage Parking
  • Perfect for Midterm Rentals

OVERVIEW

Salient Realty Group is pleased to present this incredible opportunity to purchase a 5 unit, fully updated building located in the vibrant Grove Neighborhood and across from Rockwell Brewing. These spacious apartments blend modern updates with classic charm. Each unit features hardwood floors throughout, in-unit washer and dryer, central air, stainless steel appliances, quartz countertops, updated kitchens, built-in bookshelves, and an abundance of natural light from large updated windows. The property offers several amenities: shared lounge overlooking looking a private, walled courtyard and secured parking in the rear garage. In-place rents are averaging ~$1,371/month with several units currently leased below market but have significant upside. The property has already proven the ability to command higher rents at $1,500/month. This is a low-lift value add opportunity for investors to purchase a stabilized, well-maintained asset with proven rent upside.

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$103 USD /SF

# OF UNITS

5

PRICE/UNIT

$175,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Cliff House

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1889

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

B

APN/PARCEL ID

3992-00-0320-0

ASK ABOUT THIS PROPERTY

Tim McCarthySalient Realty Group LLCMore Info
314-451-7145

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Tim McCarthySalient Realty Group LLCMore Info
314-451-7145

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.