Property summary
This exceptional 6-unit apartment building, built in 1912, presents a compelling investment opportunity in St. Louis' desirable DeBaliviere neighborhood. Situated on a spacious 0.2-acre lot, the property boasts 5,940 square feet across two stories. The building comprises three two-bedroom, one-bathroom units, each featuring an extra office/den space, and three one-bedroom, one-bathroom units with private balconies. All units are generously sized and well-designed, equipped with all-electric HVAC systems, electric water heaters, wood-burning fireplaces, and in-unit washer/dryers. Many units showcase updated kitchens with granite countertops and newer appliances, along with plank flooring. Residents enjoy both interior and exterior access via a side deck. Significant recent improvements include a new PVC plumbing and electrical system, a brand-new deck installed in September 2023, and a roof that is only 7 years old. The property also offers off-street parking and a large, flat backyard. Its convenient location provides easy access to Forest Park, highways, and local amenities such as Crema coffee and Mack's Bar & Grill. The property is being sold AS-IS. This is a rare chance to acquire a well-maintained multifamily property in a highly sought-after area. The asking price is $830,000.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
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