5386 Pershing AVE Active Save Request In-Person Tour Request Virtual Tour
St Louis,MO 63112
Key Details
Property Type Multi-Family
Sub Type 5 Family or More
Listing Status Active
Purchase Type For Sale
Square Footage 34,832 sqft
Price per Sqft $169
Subdivision Berlin Place Add
MLS Listing ID 25028488
Year Built 1917
Lot Size 0.530 Acres
Property Sub-Type 5 Family or More
Property Description
5386 Pershing ave, "Central Park" is a fully-renovated 40 UNIT property in Debalivere. Located right between Washington University main campus/ WASH U medical campus, down the street from Barnes Jewish Hospital and just a 6 minute walk to Forest Park. Every unit in the building has been upgraded with IN-UNIT WASHER DRYER, vinyl flooring, granite counters and central air (no central boiler or window unit AC). This property is 100% occupied and brings in $51,227/m. 32 of the units are 2bed/1baths that currently rent for $1296/month and 8 of the units are 1bed/1bath (w an office) that currently rent for $1221/month. Market rent for 2beds according to RentOMeter in this area is $1452/month (ask agent for his 23 rental comps) so there is plenty of room to raise rents (seller self-manages himself). In 2024 the Total Operating Income was $591,779 and the Total Operating Expenses were $182,626/month = which make the NOI for 2024 $409,152. Showings start May 14th, 2025- call to schedule a tour.
Location
State MO
County St Louis City
Area 4 - Central West
Interior
Heating Forced Air,Natural Gas
Cooling Central Air,Electric
Exterior
Parking Features false
Building
Sewer Public Sewer
Water Public
Schools
Elementary Schools Ford-Ford Br. Elem. Comm. Ed.
Middle Schools Langston Middle
High Schools Sumner High
School District St. Louis City
Others
Acceptable Financing Cash,Conventional,1031 Exchange
Listing Terms Cash,Conventional,1031 Exchange
Special Listing Condition Standard