4166 Lindell BLVD Active Save Request In-Person Tour Request Virtual Tour
St Louis,MO 63108
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi-Family 5+
Listing Status Active
Purchase Type For Sale
Subdivision Lindell Add 02
MLS Listing ID MAR25008695
Year Built 1922
Building Age 103
Lot Size 0.279 Acres
Property Sub-Type Multi-Family 5+
Property Description
Extremely rare 36 unit gut rehabbed apartment complex in the heart of the Central West End. Walk to SLU, Wash U, Barnes/BJC, Forest Park and much more. The building is an even split: 17 1 beds and 17 2 beds + 2 extra offices or studio units on the first floor. The buildings were completely gutted in the 80's while preserving tons of historic charm. All of the systems have been updated: new PVC, copper pipes, forced heat/central air, a brand new elevator a few years back and a drywall finish throughout. The apartments are spacious with an open floor plan, large balcony and an unobstructed view of the arch, forest park or cathedral basilica. The property with in-place NOI $302,000 is a 8.4% CAP RATE; the building stays 100% leased with mostly international students from SLU. Current rents are about $350 below market; Add some personal touches, update kitchens & baths or just cash your rent checks – perfect value for someone looking to live & invest in a Class A neighborhood.
Location
State MO
County St Louis City
Area Central West
Interior
Heating Forced Air
Cooling Electric
Building
Sewer Public Sewer
Water Public
Schools
Elementary Schools Pamoja Prep / Cole
Middle Schools L'Ouverture Middle
High Schools Sumner High
School District St. Louis City
Others
Special Listing Condition None