St Louis, MO 63130,1245 North & South BLVD
St Louis, MO 63130,1245 North & South BLVD
St Louis, MO 63130,1245 North & South BLVD
$3,225,000
Est. payment /mo
$3,350,000
3.7%
Est.Price: ?

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33,000 SqFt
SOLD DATE : 08/23/2024

Key Details

Sold Price $3,225,000

Property Type Multi-Family

Sub Type Multi-Family 5+

Listing Status Sold

Purchase Type For Sale

Square Footage 33,000 sqft

Price per Sqft $97

Subdivision Na

MLS Listing ID 24030794

Sold Date 08/23/24

Construction Status 64

Year Built 1960

Building Age 64

Lot Size 1.760 Acres

Acres 1.76

Property Description

Forest Grove Apartments is a 32 unit apartment community comprised of 28-two bedroom units and 4-three bedroom units with average rents of $1,020 per month. The Property offers plenty of upside potential to generate an additional $4,000 per month in revenue based on current in place rents. The owner has completed numerous capital improvements, including: new roofs, new gutters, deck replacement, parking lot repaving/striping, new flooring in stairwells, new exterior paint, all new electrical panels, updated laundry facility and several HVAC replacements within the last 24 months. Forest Grove is a low maintenance, turn-key investment opportunity that would be perfect for a seasoned investor or a new Buyer looking for a great opportunity. Additionally, the surrounding area has a ton of new development and employment. Forest Grove Apartments is located near the new (50 acre, $211-million) "Market at Olive Development" located at Interstate 170 and Olive Blvd.

Location

State MO

County St Louis

Area University City

Interior

Heating Forced Air

Cooling Electric

Fireplace N

Laundry Coin Operated, Common Laundry

Exterior

Parking Type Accessible Parking, Parking Garage, Parking Lot

Building

Sewer Public Sewer

Water Public

Structure Type Brick Veneer,Fl Brick/Stn Veneer

Construction Status 64

Schools

Elementary Schools Flynn Park Elem.

Middle Schools Brittany Woods

High Schools University City Sr. High

School District University City

Others

Ownership Private

Acceptable Financing Second Available, Cash Only, Conventional

Listing Terms Second Available, Cash Only, Conventional

Special Listing Condition None

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Listed by Michael Zangara • Apartment Advisors of America
Bought with Robert Ecker

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Sandy Seaton

VP of Real Estate Operations | License ID: 2021043213

+1(636) 532-8580

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