3862-3866 S Spring Ave - Apartments FOR SALE


Saint Louis, MO 63116- Dutchtown South
$1,250,000 USD
314-208-2395
3862-3866 S Spring Ave, Saint Louis, MO for Sale
$1,250,000 USD
Apartments - FOR SALE
1/18
null | 8.83% Cap Rate

3862-3866 S Spring Ave
Saint Louis, MO 63116
Dutchtown South


HIGHLIGHTS

  • 18 Units Located in South City
  • Updated Utility Systems
  • Value-Add Opportunity - below market rents
  • Large side lot included
  • 12 garages for off street parking income

OVERVIEW

Salient Realty Group is pleased to present 3862 S Spring Avenue, an 18-unit apartment complex located in South City. The property consists of twelve, 1 bed/1 bath and six, 2 bed/1 bath units. The property also has 12 garages and a large side lot that is included in the sale. It is positioned near major local employers and the Grand Boulevard corridor. The heavy-duty masonry construction and traditional St. Louis architecture provide a durable foundation for predictable maintenance. This neighborhood is known for its historic architecture and steady demand for rental housing. This asset represents a straightforward opportunity to enter or expand within the South City market.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$61 USD /SF

# OF UNITS

18

PRICE/UNIT

$69,444

CAP RATE

8.83%

% LEASED

89%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,736 SF

ZONING

B

APN/PARCEL ID

4178-03-0120-0

ASK ABOUT THIS PROPERTY

Matthew MillslagleSalient Realty Group LLCMore Info
314-208-2395

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Matthew MillslagleSalient Realty Group LLCMore Info
314-208-2395

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