Welcome to the Cabanne Castle! This historic 42-unit (24-1 bed/1 bath and 18-2 bed/2 bath) takeover project that has permits and plans approved (expired need to be renewed) has passed framing inspection and has a ton of upside potential and value add opportunity. The building has passed framing inspection (buyer will need to renew permits) and is ready for MEPs (mechanical, electric, plumbing). Capex updates that have already been done are: new roof, tuck pointing, new windows on rear and sides of building and some duct work ran. This sale also includes the lot 5329 Cabanne which is perfect for additional tenant parking. Value add opportunity by converting basement level into additional apartments, storage or offices. This is an amazing fast track opportunity to quickly take over a historic building.
Excellent investment opportunity, updated 6-family just across the street from all the exciting new developments, restaurants, boutiques & galleries on the Delmar DivINe PLUS walking distance to the Danforth Campus at Washington University or a short Metro Link ride to the BJC Med Complex. Rare opportunity to ALSO purchase the additional West adjoining lot (5951 Washington Blvd., MLS# 24048680) to combine properties to potentially develop a new construction apartment or condominium complex in this sought-after neighborhood. Build your dream development in this prime location with exponential growth opportunities. 5951 Washington Blvd. (Lot) will only be sold with the building or after the building has sold. Flexible floor plans for roommates. Potential Gross Operating Income of $68,400 annually.
Welcome to 5300 Maple Ave.: 2 buildings comprised of 18 units: 12 (2 Bedroom units), 4 multi-level town homes (2 bedroom units), 2 (1 bedroom units). Property has been receiving upgrades since acquisition: a newer roof less than 5 years old including the flat roof; 3 new decks (2 in back and 1 in middle); wooden fence in rear; metal fence in front; and many new systems in place. 14 units having been revamped and refreshed. Building features a basement utilized as an office and storage that could provide supplemental coin laundry income. The property is on a quiet dead-end street less than a mile from Forest Park golf course and the famous mansions on Lindell Blvd. Washington University is also nearby. This stabilized property with the tax rate of Saint Louis generates enough income to set it apart from any other multi-family buildings on the market. A realistic pro-forma suggests over a 10% cap if you increase the below market rents. This is an excellent opportunity!
The median home value in Saint Louis, MO is $155,100. This is higher than the county median home value of $153,700. The national median home value is $338,100. The average price of homes sold in Saint Louis, MO is $155,100. Approximately 36.32% of Saint Louis homes are owned, compared to 44.89% rented, while 18.79% are vacant. Saint Louis real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Saint Louis real estate agent to arrange a tour today!
Saint Louis, Missouri 63112 has a population of 302,787. Saint Louis 63112 is less family-centric than the surrounding county with 17.26% of the households containing married families with children. The county average for households married with children is 20.71%.
The median household income in Saint Louis, Missouri 63112 is $48,751. The median household income for the surrounding county is $48,751 compared to the national median of $69,021. The median age of people living in Saint Louis 63112 is 36.3 years.
The average high temperature in July is 88.5 degrees, with an average low temperature in January of 22.8 degrees. The average rainfall is approximately 42.2 inches per year, with 15.5 inches of snow per year.