1053 S Vandeventer Ave St., Louis, MO 63110
Two-building portfolio in the Grove neighborhood, prime for infill.
- Added:
- Aug 16, 2022
- Days on Market:
- 1393
- Last Refresh:
- May 20 at 8:13 pm
Property Features for 1053 S Vandeventer Ave St.
General Information
- Standard status
- Active
- Size
- 5,708 SF
- Lot size
- 0.25 Acres
- Property subtype
- Multifamily
Listing agent Jay Rios License #MO 2011004671
Listing office King Realty Advisors
Listing date Aug 16, 2022
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of King Realty Advisors
HighLights
- Prime 1/4 acre site at a signalized hard corner.
- Located in the 'red hot' Grove neighborhood.
- Includes a fully occupied 2‑family building for immediate income.
- Includes a long‑vacant 4‑family building with renovation potential.
- Site is prime for infill development.
- Location will be the intersection for the Tower Grove Connector onto Sarah St.
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $102.7k | $18.00 |
| − Vacancy | −$6.2k | −$1.08 |
| EGI | $96.6k | $16.92 |
| − OpEx | −$43.5k | −$7.61 |
| NOI | $53.1k | $9.31 |
Alternative Uses
Current Use by Public Records
Map
- City
- Louis
- County
- St. Louis
- State
- Missouri
- Longitude
- -90.267
- Latitude
- 38.6267
