4653 38Th St St. Louis, MO 63116
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 4653 38Th St
- Property type
- Commercial real estate
Description
This exceptional multifamily investment opportunity presents a portfolio of six buildings comprising 48 apartment units situated in St. Louis, Missouri's vibrant Dutchtown neighborhood. The property is offered at an attractive asking price of $2,500,000, translating to a compelling price per unit of $52,083. The portfolio boasts a strong net operating income (NOI) of $197,577, yielding a 7.9% capitalization rate – a testament to its robust financial performance. The unit mix consists of 32 one-bedroom and 16 two-bedroom apartments, spread across six two-story buildings. This value-add opportunity presents significant potential for increased profitability through strategic renovations and operational improvements. The property is conveniently located at 4653 S 38th St, St. Louis, MO 63116. This portfolio represents a rare chance to acquire a substantial multifamily asset in a desirable location with immediate upside potential. The strong NOI and attractive cap rate make this an ideal investment for experienced multifamily investors seeking a stable and growing income stream. The property's size and unit mix offer excellent diversification and scalability. This is a turnkey opportunity ready for an investor to capitalize on its inherent value and potential for future growth.
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
- -90.2530574
- Latitude
- 38.5777563
