5343 Vernon Ave - Apartments FOR SALE


Saint Louis, MO 63112- Visitation Park
$429,000 USD
314-258-1069
5343 Vernon Ave, Saint Louis, MO for Sale
$429,000 USD
Apartments - FOR SALE
1/2
null | 12.28% Cap Rate

5343 Vernon Ave
Saint Louis, MO 63112
Visitation Park


HIGHLIGHTS

  • Fully occupied four-unit multifamily investment.
  • Each unit features two bedrooms and one bathroom.
  • Granite countertops and updated appliances throughout.
  • New plumbing and new water lines installed.
  • New windows enhance efficiency and curb appeal.
  • New roof with five-year warranty in place.

OVERVIEW

5343 Vernon Avenue presents an opportunity to acquire a fully occupied four-unit multifamily asset in St. Louis' Visitation Park neighborhood. The property consists of four residential units, each configured with two bedrooms and one bathroom. Recent capital improvements throughout the building provide investors with a substantially updated asset featuring modern finishes and reduced near-term maintenance requirements. Each unit has been upgraded with granite countertops and updated appliances, creating an attractive living environment for residents. Ownership has completed extensive building improvements, including new plumbing, new water lines, new windows, and a new roof backed by a five-year warranty. In addition, all major building systems have been replaced, providing added operational reliability and supporting long-term ownership objectives. The property's fully leased status offers immediate in-place occupancy, allowing investors to acquire a stabilized multifamily asset with existing rental income. Located within the established Visitation Park neighborhood, the property benefits from access to major transportation corridors, employment centers, retail amenities, educational institutions, and community services throughout the St. Louis metropolitan area. The combination of a fully occupied rent roll, extensive recent renovations, and modernized building infrastructure positions the asset as a turnkey multifamily investment opportunity. Seller financing may be available for qualified buyers.

FOR SALE DETAILS

PRICE

$429,000 USD

PRICE/SF

$93 USD /SF

# OF UNITS

4

PRICE/UNIT

$107,250

CAP RATE

12.28%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,124 SF

ZONING

-

APN/PARCEL ID

2992-02-0350-0

ASK ABOUT THIS PROPERTY

Lisa AlexanderBerkshire Hathaway Select PropertiesMore Info
314-258-1069

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Lisa AlexanderBerkshire Hathaway Select PropertiesMore Info
314-258-1069

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