753 Leland Ave - Apartments FOR SALE


University City, MO 63130
$799,000 USD
314-451-7471
753 Leland Ave, University City, MO for Sale
$799,000 USD
Apartments - FOR SALE
1/23
null | 7.86% Cap Rate

753 Leland Ave
University City, MO 63130


HIGHLIGHTS

  • Beautiful Renovated 3 Family Building
  • All Units are Large (1,510 SF) 3 Bed / 2 Bath Units
  • In-Unit Laundry and Central HVAC in all Units
  • Fully Updated - Electrical, Plumbing, HVAC, NEW Roof (2025)
  • Near Wash U, Delmar Loop, Clayton, Forest Park, etc
  • Rent Upside & Scheduled Rent Increases in Leases

OVERVIEW

Prime investment opportunity in U-City & walking distance to Washington University & the Delmar Loop. This beautifully renovated building features three spacious units (1,510 SF) with great layouts. All units are 3 bedrooms and 2 bathrooms and have in-unit laundry and central HVAC. The building has updated electrical, plumbing, and HVAC systems. A brand new roof was just installed (Feb 2025). There is plenty of rent upside as well as scheduled rent increases in leases. See attached rent roll for rent information. The property is just down the street from Subtext's new student housing development, LOCAL on Delmar, at Leland and Delmar where rents are expected to be at least $1,000 per room.

FOR SALE DETAILS

PRICE

$799,000 USD

PRICE/SF

$176 USD /SF

# OF UNITS

3

PRICE/UNIT

$266,333

CAP RATE

7.86%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

753 Leland Ave

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1929

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,780 SF

ZONING

HR

APN/PARCEL ID

18H-41-1366

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.