Incredible opportunity to purchase a 5 unit, fully updated building located in the vibrant Grove Neighborhood and across from Rockwell Brewing. These spacious apartments blend modern updates with classic charm. Each unit features hardwood floors throughout, in-unit washer and dryer, central air, stainless steel appliances, quartz countertops, updated kitchens, built-in bookshelves, and an abundance of natural light from large updated windows. The property offers several amenities: shared lounge overlooking looking a private, walled courtyard and secured parking in the rear garage. In-place rents are averaging ~$1, 371/month with several units currently leased below market but have significant upside. The property has already proven the ability to command higher rents at $1, 500/month. This is a low-lift value add opportunity for investors to purchase a stabilized, well-maintained asset with proven rent upside.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Heating and Cooling
- Cooling Features: Central Air
- Heating Features: Forced Air
Exterior and Lot Features
- Patio And Porch Features: Awning(s), Covered, Deck, Patio, Rear Porch
Garage and Parking
Multi-Unit Info
- Number of Buildings: 1
- Number of Units: 2
- Bedrooms in Unit-1: 1
- Bedrooms in Unit-2: 2
- Total Bathrooms in Unit-1: 1
- Total Bathrooms in Unit-2: 1
- Unit 1 Total Actual Rent: 1345
- Unit 2 Total Actual Rent: 1450
School Information
- Elementary School: Adams Elem.
- High School: Vashon High
- High School District: St. Louis City
- Middle School: Fanning Middle Community Ed.
- School District: St. Louis City
Homeowners Association
- Calculated Total Monthly Association Fees: 0
Other Property Info
- Annual Tax Amount: 1836
- Source Listing Status: Active
- County: St Louis City
- Cross Street: Manchester
- Tax Year: 2024
- Source Property Type: Residential Income
- Area: 3 - South City
- Source Neighborhood: Forest Park Southeast
- Parcel Number: 3992-00-0320-0
- Subdivision: The Grove
- Township: St. Louis City
- Property Subtype: 5 Family or More
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 4314
- Year Built: 1889
- Above Grade Finished Area: 4314
- Building Exterior Type: Brick Veneer
- Construction Materials: Brick Veneer
- Property Age: 136
- Total Above Grade Sqft Area: 4314
- Total Area Sqft: 4314
- Year Built Source: Assessor
- Architectural Style: Historic
Utilities
- Electric: Ameren
- Water Source: Public