4343-4353 Manchester Ave - Apartments FOR SALE


Saint Louis, MO 63110
$2,475,000 USD
314-451-7145
4343-4353 Manchester Ave, Saint Louis, MO for Sale
$2,475,000 USD
Apartments - FOR SALE
1/13
null | 6.64% Cap Rate

4343-4353 Manchester Ave
Saint Louis, MO 63110


HIGHLIGHTS

  • Great investment opportunity in a prime location in The Grove
  • 19 Units - 17 - 1 bd/1 bth units, 1 - 2 bd/1 bth unit and 1 commercial/retail space
  • Strong rent upside
  • Currently 100% occupied
  • In unit laundry

OVERVIEW

Salient Realty Group is pleased to exclusively offer the opportunity to purchase a prime investment opportunity in The Grove Neighborhood. This historic 13,842 SF building consists of 17 - 1 bd/1 bath, 1 - 2 bd/1 bth and 1 commercial/ retail space. This opportunity presents a compelling proposition for multifamily investors. The property underwent a full gut rehab in 2007 - 2008 - All systems are modernized with central heating and A/C. Each unit has hardwood floors, stainless steel appliances (w/dishwashers), granite counter tops and in-unit washer/dryer. Please reach out to the brokers for more information and to set up a tour of the property

FOR SALE DETAILS

PRICE

$2,475,000 USD

PRICE/SF

$179 USD /SF

# OF UNITS

18

PRICE/UNIT

$137,500

CAP RATE

6.64%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1899

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,785 SF

ZONING

G

APN/PARCEL ID

5112-02-0300-7

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.