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Tom Daugherty

tom@cisler.com +1(618) 910-4009

$ 1,400,000

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5315 Cabanne AVE St Louis, MO 63112

31,898 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 Family or More

Listing Status Active

Purchase Type For Sale

Square Footage 31,898 sqft

Price per Sqft $43

Subdivision Visitation Park-49

MLS Listing ID 25028864

Year Built 1925

Lot Dimensions 150x201

Property Sub-Type 5 Family or More

Property Description

The Cabanne Castle is a three-story Tudor-style brick condominium building in the West End, totaling approximately 31,898 sq. ft. It includes 42 units: (24) 1-bed 1-bath and (18) 2-bed / 1-bath. The lower level offers 24 underground parking spaces and room for tenant storage. This multi-family rehab is ideal for developers or investors. While the project needs completion, many plans and permits have already been approved by the city (some will require renewal). Completed improvements include demolition, new roof, new rear and side windows, tuckpointing, framing, and leveled floors. The building is ready for mechanical, electrical, and plumbing installation. An adjacent lot is included and can be used for additional parking. Historic tax credits are available. The lower level offers potential for added units, a lounge, or a gym. Estimated ARV: $5,200,000 Estimated Completion Cost: $2,800,000 Potential Tax Credits: $1,000,000+. There is potential for more than 20% equity upon completion.

Location

State MO

County St Louis City

Area 4 - Central West

Interior

Heating Other

Cooling None

Fireplace N

Appliance Other

Laundry None, Other

Exterior

Parking Features false

Building

Sewer Public Sewer

Water Public

Architectural Style Mid-Rise 3or4 Story

Structure Type Brick

Schools

Elementary Schools Hamilton Elem. Community Ed.

Middle Schools Langston Middle

High Schools Beaumont Cte High School

School District St. Louis City

Others

Ownership Private

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Special Listing Condition Standard

Listed by Jordan Schoen • Invest St. Louis

Tom Daugherty

Agent | License ID: 475.174152

+1(618) 910-4009

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Tom Daugherty

5315 Cabanne AVE St Louis, MO 63112

Key Details

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5315 Cabanne AVE