1929 S 12th St - Apartments FOR SALE


Saint Louis, MO 63104- Soulard
$1,340,000 USD
314-853-5100
1929 S 12th St, Saint Louis, MO for Sale
$1,340,000 USD
Apartments - FOR SALE
1/71
null | 8.17% Cap Rate

1929 S 12th St
Saint Louis, MO 63104
Soulard


HIGHLIGHTS

  • Fully renovated mixed-use property offers dual income streams from a restaurant on the main floor and four updated residential units
  • Renovated in 2024 include updated plumbing, electrical, HVAC, and interiors, minimizing future capital expenses and maximizing long-term value
  • Located in the heart of historic Soulard, just blocks from Anheuser-Busch Brewery and neighborhood hotspots with hundreds of bars & Restaurants.

OVERVIEW

Are you craving a Grade-A prime investment opportunity? Get 12th Street while it's hot! We're serving up this fully leased, mixed-use commercial building; boasting a 10% cap rate with consistent cash flow. Gut-rehabbed & fresh out the kitchen, this building offers a perfect blend of residential & commercial spaces, appealing to a diverse tenant base. The 1st floor featuring a modern, fully renovated restaurant with established tenant, high foot traffic & large patio. 2nd & 3rd floor each hold 2 beautifully renovated apartments featuring updated kitchens, baths, electric, mechanical, plumbing & contemporary finishes. Each unit has been meticulously upgraded with top-tier materials; ensuring minimal maintenance & maximizing tenant satisfaction. Located in the vibrant Soulard area which has excellent visibility/accessibility, this property offers both stability & growth potential. Get in on this turn-key investment special before it's 86'ed off the menu...aka SOLD! CHEERS! Location: City, Corner Location, High Traffic

FOR SALE DETAILS

PRICE

$1,340,000 USD

PRICE/SF

$241 USD /SF

# OF UNITS

5

PRICE/UNIT

$268,000

CAP RATE

8.17%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1881

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

L, Saint Louis

APN/PARCEL ID

0673-01-0082-0

ASK ABOUT THIS PROPERTY

Kevin Goltschman12th Street HoldingsMore Info
314-853-5100

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Kevin Goltschman12th Street HoldingsMore Info
314-853-5100

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