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$ 3,600,000
Est. payment /mo
Active
4166 Lindell BLVD St Louis, MO 63108
0.28 Acres Lot
UPDATED:
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
Construction Status 103
Year Built 1922
Building Age 103
Lot Size 0.279 Acres
Acres 0.2789
Lot Dimensions 57X212
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
Fireplace N
Building
Sewer Public Sewer
Water Public
Construction Status 103
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
Listed by Anthony Klier • The Agency