1001 Olive St St. Louis, MO 63101

Located in the heart of downtown St. Louis, this multifamily property presents a compelling investment opportunity with immediate upside through rent stabilization, operational improvements, and potential short-term rental positioning. The property features a mix of one- and two-bedroom loft-style units. Currently generating approximately $28,964 in monthly rental income, the asset presents a compelling value-add opportunity with over $7,600 in monthly upside (approximately $91,000 annually) by bringing in-place rents to market levels. Additional upside exists through lease-up of vacant units and continued operational efficiencies. The property benefits from a highly walkable downtown location just steps from Washington Avenue and within a short walk to the Saint Louis University School of Law and multiple courthouse complexes, including the Old Courthouse and federal and civil courts. This proximity supports consistent demand from law students, attorneys, and government professionals. The property's layout, unit sizes, and location make it well-suited for short-term rental (STR) or hybrid leasing strategies, offering investors the ability to further enhance revenue depending on local regulations and management approach. Situated in a central downtown location surrounded by employment centers, residential density, and ongoing public and private investment, this property provides investors with a rare opportunity to acquire a cash-flowing asset with clear and scalable upside through both traditional and alternative rental strategies.