Sold

5300 Maple Avenue, St Louis, MO 63112

Sqft
21,696

View property features, location on map, relevant school information and overview from seller's agent.

Listed byFocus Realty Group, LLC
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Overview

Let's play real life Monopoly! Here’s your chance to own a prime investment property in the highly sought-after West End neighborhood of St. Louis City. This package features two side-by-side, stone-front, all-brick apartment buildings offering a total of 18 units - 16 spacious 2BR, 1BA apartments and two 1BR, 1BA apartments. The buildings are well maintained and have undergone several renovations, including a newer roof, updated decks, plumbing, electric, some new windows, exterior painting, wooden privacy fencing, gated entry, and security lighting. Eight-megapixel cameras provide added peace of mind, and some HVAC systems have been replaced. 16 apartments have been fully renovated, leaving just two in need of updates. This is an outstanding long-term investment with immediate upside potential. Current rents are well below market, and comparable rents in the area should range between $1,000 and $1,300/month. With 4 current vacancies, the property is priced at a 7% cap rate and offers the strong potential for double-digit returns once stabilized. The location is nothing short of fantastic. Situated just minutes from Forest Park, Barnes-Jewish Hospital, Washington University, the Delmar Maker District, and the Central West End, this property benefits from consistently strong rental demand and unbeatable neighborhood appeal. A rare opportunity to acquire a turnkey, income-producing asset with room to grow—this property is ready to be the next cornerstone of your portfolio!

Location

Full feature list

Basic info

Property type
Multi-family
Square feet
21,696
Lot size (acres)
0.36
Year built
1908

Interior features

Basement
Yes

Utilities

Heating
Forced air
Cooling
Central air
Water
Public

Taxes

Tax Annual Amount (2024)
$8,588

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: MARIS MLS MLS®#: 25056291 Last checked:

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.