3521 Utah St 3521-3525 Utah - Apartments FOR SALE


Saint Louis, MO 63116- Tower Grove East
$895,000 USD
314-451-7145
3521 Utah St 3521-3525 Utah, Saint Louis, MO for Sale
$895,000 USD
Apartments - FOR SALE
1/12
null | 7.75% Cap Rate

3521 Utah St 3521-3525 Utah
Saint Louis, MO 63116
Tower Grove East


HIGHLIGHTS

  • Freshly Renovated building completed in 2022
  • Updated Electric/Plumbing/HVAC
  • Proven Concept to Bump Rents to $1,515/month
  • Walkable to South Grand Business District & Tower Grove Park
  • Off-Street Parking
  • All Sizable 2 bed/1 bath units w/ in-unit laundry

OVERVIEW

Salient is pleased to present this opportunity to own a fully updated, 6-family in the heart of Tower Grove East. The property consists of 6, 2 bed/1 bath units with off-street parking and a fenced in backyard. Units have been completely updated throughout with high end finishes, new kitchens with new stainless steel appliances, in unit washer/dryer and central heating and cooling. Plumbing and electric have also been updated. Rents are below market with a proven concept of achieving over $1,500/mo with market rents being at $1,550/mo.

FOR SALE DETAILS

PRICE

$895,000 USD

PRICE/SF

$131 USD /SF

# OF UNITS

6

PRICE/UNIT

$149,167

CAP RATE

7.75%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1907

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

B

APN/PARCEL ID

1489-00-0210-0

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 Notice.