314-451-7471
, Saint Louis, MO for Sale
Multi-Family - FOR SALE
1/22
null | Request Cap Rate

3600/3620 Texas Ave - 27 Units
Saint Louis, MO
Gravois Park


HIGHLIGHTS

  • 27 Total Units Across Two Contiguous Buildings
  • Incredibly Finished Apartments
  • 2022 New Construction and 2018 Redevelopment
  • Off Street Parking
  • Assumable Loan on the Lange - 4.14% rate
  • Tax Abatement on Both Properties

OVERVIEW

Salient Realty Group is pleased to exclusively offer The Lange Apartments (3600 Texas) & 3620 Texas to the market. These two properties are adjacent to one another and total 27 units. The Lange Apartments were completely redeveloped in 2018 and 3620 Texas was newly constructed in 2022. This +/-22,294 RSF, 27-unit portfolio presents a rare chance to acquire fully-occupied, renovated multifamily assets with stellar track records. The apartment units are beautifully finished and thoughtfully designed. They offer modern living spaces that leave a lasting impression. Both properties have tax abatement (Lange through 2028 & 3620 Texas through 2033). Off-street parking adds convenience and value for its tenants. The Lange Apartments has assumable Fannie Mae debt at 4.14% with a balance of $1.519m. There is also room to raise rents as ownership has held rents for several years.

ASK ABOUT THIS PROPERTY

Garen LafserSalient Realty Group LLCMore Info
314-451-7471

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Garen LafserSalient Realty Group LLCMore Info
314-451-7471

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