5335-5337 Delmar Blvd St, St. Louis, MO 63112

This exceptional redevelopment opportunity presents a 11-unit apartment building situated at 5335-5337 Delmar Boulevard in St. Louis, Missouri, zip code 63112. The property, classified as a Class C multifamily investment, boasts a total of 10,230 square feet across three stories within a single building. Currently configured with two 2-bedroom/1-bathroom units and nine 1-bedroom/1-bathroom units, the building also includes community office space on the first floor, offering potential for conversion back to residential use. The asking price is $550,000, translating to $53.76 per square foot. The lot size is 8,222 square feet, and the property is zoned E. Significant recent improvements include a new roof installed in 2015 and newer furnaces added in 2021. Major systems, including HVAC, are under regular service contracts, ensuring efficient operation. A survey is readily available for review. This property's prime location in the Central West End (CWE), steps from Delmar Divine, makes it an ideal investment for those seeking a redevelopment project in a thriving St. Louis neighborhood. The perfect size for a targeted redevelopment effort, this 11-unit building offers significant potential for increased value and strong rental income.