4260 Castleman Ave - Apartments FOR SALE


Saint Louis, MO 63110
$599,000 USD
314-884-8685
4260 Castleman Ave, Saint Louis, MO for Sale
$599,000 USD
Apartments - FOR SALE
1/36
null | Request Cap Rate

4260 Castleman Ave
Saint Louis, MO 63110


OVERVIEW

Prime Shaw Location: This updated four-family property is located in the desirable Shaw neighborhood, less than 300 feet from the Missouri Botanical Garden—visible from your front steps—and just a 10-minute walk to Tower Grove Park. Neighborhood Appeal: Shaw is a quiet, sought-after neighborhood in St. Louis, surrounded by green spaces and distinguished Victorian homes. Tenants enjoy close proximity to local cafes, restaurants, and the many amenities offered by the Botanical Garden and Tower Grove Park. Unit Layouts and Features: The property includes two spacious 2-bedroom, 1-bathroom units on the main level and two 3-bedroom, 1-bathroom units upstairs. The upstairs units include additional amenities like in-unit washer and dryer facilities and keyless entry. The third bedrooms in these units are bonus rooms with IKEA closets, ideal as office spaces. Each unit offers approximately 1,066 square feet of living space, with the total building size at 4,262 square feet (excluding the basement). Large Backyard and Airbnb: The property boasts an enormous backyard (see photos), providing tenants with additional outdoor space. Unit 4260A is currently utilized as an Airbnb, generating an average income of $2,083 per month. Recent Updates: The property has undergone significant improvements, including new furnaces, condensers, and three water heaters in 2022. Thirty feet of sewer lateral, primarily under the basement, was replaced with PVC in 2022. The roof was replaced in two phases, with half upgraded to TPO in February 2023 and the remainder in 2024. Bathroom Renovation: Unit 4260 received a near $10,000 bathroom renovation in 2023, enhancing its appeal and value.

FOR SALE DETAILS

PRICE

$599,000 USD

PRICE/SF

$141 USD /SF

# OF UNITS

4

PRICE/UNIT

$149,750

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1895

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

C

APN/PARCEL ID

4936-00-0030-0

ASK ABOUT THIS PROPERTY

Patrick KavanaghInvest St. Louis, LLCMore Info
314-884-8685

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Patrick KavanaghInvest St. Louis, LLCMore Info
314-884-8685

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