3530 Miami St St St. Louis, MO 63118

This exceptional value-add opportunity presents a 60-unit apartment building located at 3530 Miami St, St. Louis, MO 63118. The property, built in 1965, comprises a single five-story building totaling 31,668 square feet and zoned H. The unit mix includes 20 studios and 40 one-bedroom, one-bathroom apartments. Currently operating at 62% occupancy, this asset offers significant upside potential through lease-up and cosmetic renovations, leading to substantial rent increases. The current high vacancy rate allows for immediate implementation of a value-add strategy. The property presents an incredibly low price per unit basis, making it an attractive investment. Detailed financial information is available upon request. This is a rare chance to acquire a multifamily property in St. Louis with considerable potential for growth and strong returns. The property is situated in the Gravois Park neighborhood.