3530 Miami St St St. Louis, MO 63118
- Apartment buildings
- 31,668 SF
Current Use by Public Records
- Isalis / Gift Shop / Boutique
- Party City / Party Store / Balloon Store
- Skunk Funk / Wholesaler / Clothing Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop
Property Details for 3530 Miami St St
- Year built
- 1965
- Property size
- 31,668 SF
- Property type
- Apartment buildings
Description
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.
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
- State
- Missouri
- Longitude
- -90.2433
- Latitude
- 38.5916
