5315 Cabanne AVE Active Save Request In-Person Tour Request Virtual Tour
St Louis,MO 63112
Key Details
Property Type Multi-Family
Sub Type Multi-Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 31,898 sqft
Price per Sqft $61
Subdivision Cabanne
MLS Listing ID 24057635
Year Built 1925
Building Age 99
Lot Size 0.690 Acres
Property Description
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.
Location
State MO
County St Louis City
Area Central West
Interior
Heating None
Cooling Other
Building
Sewer Public Sewer
Water Public
Schools
Elementary Schools Adams Elem.
Middle Schools Blewett Middle
High Schools Beaumont Cte High School
School District St. Louis City
Others
Acceptable Financing Cash Only,Conventional,Owner May Finance,Private,Other
Listing Terms Cash Only,Conventional,Owner May Finance,Private,Other
Special Listing Condition None