5001 S Grand Blvd - Apartments FOR SALE


Saint Louis, MO 63111- Dutchtown South
$895,000 USD
314-208-2395
5001 S Grand Blvd, Saint Louis, MO for Sale
$895,000 USD
Apartments - FOR SALE
1/8
null | 18.37% Cap Rate

5001 S Grand Blvd
Saint Louis, MO 63111
Dutchtown South


HIGHLIGHTS

  • Incredible Mixed-Use Building
  • 3 Retail Spaces, 8 - Studios and 8 - 1 bd/1bth units
  • 18.37% Pro-Forma Cap Rate
  • 75% of Units Have Been Renovated
  • Updated Utility Systems
  • New Windows, Tuck Pointing and Coated Roof

OVERVIEW

Salient Realty Group is pleased to present this exceptional mixed-use property which offers a unique opportunity for investors looking for a blend of commercial and residential income streams. The building features three retail spaces on the ground floor, alongside a total of 16 residential units, including eight studio apartments and eight 1-bedroom, 1-bath units. With a 18.37% pro-forma cap rate, this property is a solid income-generating asset.

FOR SALE DETAILS

PRICE

$895,000 USD

PRICE/SF

$36 USD /SF

# OF UNITS

16

PRICE/UNIT

$55,938

CAP RATE

18.37%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

F

APN/PARCEL ID

4711-00-0170-7

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.