5878-5882 Delmar Blvd St St. Louis, MO 63112
- Retail properties
- 6,500 SF
Current Use by Public Records
- Retail properties
Property Details for 5878-5882 Delmar Blvd St
- Property size
- 6,500 SF
- Property type
- Retail properties
- Property subtype
- Apartment buildings
Description
This exceptional investment opportunity presents a two-story, 6,500 square foot multifamily building located at 5878-5882 Delmar Boulevard in St. Louis, Missouri, zip code 63112. Currently operating at 100% occupancy, this property boasts a strong net operating income (NOI) of $93,888 (estimated). The building features approximately 3,500 square feet per floor. The ground floor is occupied by a state-affiliated daycare center, providing a stable and reliable income stream. The second floor comprises three separate apartments, generating additional rental income. Convenient off-street parking is available for tenants and patrons. The asking price for this fully leased property is $1,000,000. This represents a compelling investment opportunity in a desirable St. Louis location. The property is classified as both retail and multifamily, offering a diversified income portfolio. This is a rare chance to acquire a well-maintained, high-performing asset with significant potential for future growth. The property's strong occupancy rate and consistent NOI make it an attractive proposition for discerning investors seeking a stable and profitable investment in the St. Louis market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- St. Louis
- County
- St. Louis
- State
- Missouri
- Longitude
- -90.2899
- Latitude
- 38.6542
