314-451-7145
3530 Miami St, Saint Louis, MO for Sale
Apartments - FOR SALE
1/6
null | Request Cap Rate

3530 Miami St
Saint Louis, MO 63118


HIGHLIGHTS

  • Incredible value add opportunity
  • Significant rent upside
  • 60 units | 20 studios and 40, 1 bed/1 bath
  • Owner is willing to be creative - Reach out to Broker for more information
  • Incredibly low price per unit basis
  • High vacancy offers immediate value add implementation

OVERVIEW

Salient Realty Group is pleased to present this opportunity to purchase The Diplomat Apartments located in St. Louis City and more specifically Gravois Park. The property consists of 60 units comprised of 20 studios, and 40, 1 bed/1 bath units. Pricing on this asset offers buyers an incredibly low basis on a price per unit. Please contact us for pricing guidance. The property has incredible value add opportunity through lease up and cosmetic updates in the apartments which will translate into significant rent increases. Currently, the property has high vacancy which offers investors the ability to implement a value add plan immediately. All financials are available upon request - Reach out to Broker for more information

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

60

CAP RATE

Request Cap Rate

% LEASED

62%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Diplomat Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1965

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

H

APN/PARCEL ID

1606-00-0080-0

ASK ABOUT THIS PROPERTY

Tim McCarthySalient Realty Group LLCMore Info
314-451-7145

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Tim McCarthySalient Realty Group LLCMore Info
314-451-7145

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.