757 Syracuse Ave - Apartments FOR SALE


Saint Louis, MO 63130
$1,500,000 USD
314-451-7471
757 Syracuse Ave, Saint Louis, MO for Sale
$1,500,000 USD
Apartments - FOR SALE
1/28
null | 8.15% Cap Rate

757 Syracuse Ave
Saint Louis, MO 63130


HIGHLIGHTS

  • Beautiful, Renovated 6-Unit Building
  • The 2-bedroom unit can easily be converted to a 3-bedroom unit
  • In-Unit Laundry and Central HVAC in all Units
  • Fully Updated Systems - Electrical, Plumbing, Central HVAC
  • Near Wash U, Delmar Loop, Clayton, Forest Park, etc
  • Rent Upside & Scheduled Rent Increases in Leases

OVERVIEW

Flagship building in U-City & walking distance to Washington University & the Delmar Loop and local grocery stores and restaurants. This beautifully renovated building features six spacious units (1,200 SF) with large sun-lit rooms featuring open updated kitchens with granite countertops and stainless appliances. The property offers a great unit mix with five 3bd/2bth units & one 2bd/2bth, which can easily be converted into a 3 bedroom unit. All units have in-unit laundry and central HVAC. The building also has updated electrical, plumbing, and HVAC systems. Two bathrooms have been fully renovated with tile floors, tile shower and newer vanities. There is plenty of rent upside on these units, as well as scheduled rent increases in leases. Please see the rent roll for rental 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

$1,500,000 USD

PRICE/SF

$159 USD /SF

# OF UNITS

6

PRICE/UNIT

$250,000

CAP RATE

8.15%

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1923

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

57HDR

APN/PARCEL ID

18J-62-0583

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.