5300 Maple Avenue St Louis, MO 63112

15,840 Sqft
15,838 Sqft lot
0.36 Acre lot
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$1,550,000 Est. $5,708 / mo.*
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Status: Active
Property Type: Multi-family 5+
Year Built: 1908
Days on Website: 193

Listing courtesy of Elevate Realty, LLC.

Description

Welcome to 5300 Maple Ave.: 2 buildings comprised of 18 units: 12 (2 Bedroom units), 4 multi-level town homes (2 bedroom units), 2 (1 bedroom units). Property has been receiving upgrades since acquisition: a newer roof less than 5 years old including the flat roof; 3 new decks (2 in back and 1 in middle); wooden fence in rear; metal fence in front; and many new systems in place. 14 units having been revamped and refreshed. Building features a basement utilized as an office and storage that could provide supplemental coin laundry income. The property is on a quiet dead-end street less than a mile from Forest Park golf course and the famous mansions on Lindell Blvd. Washington University is also nearby. This stabilized property with the tax rate of Saint Louis generates enough income to set it apart from any other multi-family buildings on the market. A realistic pro-forma suggests over a 10% cap if you increase the below market rents. This is an excellent opportunity!

Open House

Property Details and Features

  • One Bedroom Unit Baths: 1 Per Unit
  • Two Bedroom Unit Baths: 1 Per Unit
  • Above Grade Finished Area: 15840 Sq.Ft.
  • Above Grade Finished Area Source: Public Records
  • Construction Materials: "Brick"
  • Building Age: 116
  • Number Of Units Total: 18
  • Year Built: 1908
  • Neighborhood: Visitation Park
  • Cooling: "Electric"
  • Disclosures: "Unknown", "City", "Code Compliance Reqd", "Flood Plain No", "Limited Seller Discl"
  • Heating: "Forced Air"
  • Heating Included
  • Heat Source: Electric
  • Net Operating Income: 180000
  • Features: "Common Laundry", "Other"
  • Inclusions: Building & Land
  • Lease Term: Leases,Month To Month
  • Price per Sq.Ft.: $98
  • Sub Lease: 0
  • Transaction Type: Sale
  • Location: City,Corner Location
  • Major Area: Central West
  • Parcel Number: 2992-02-0270-0
  • Subdivision Name: Dwyers Add
  • Township: St. Louis City
  • Lot Size Acres: 0.3636
  • Lot Size Dimensions: 133x120
  • Lot Size Source: County Records
  • Lot Size Square Feet: 15838 Sq.Ft.
  • Features: "On Street"
  • Possession: "Close Of Escrow", "Subject to Tenant Rights"
  • 2 one-bedroom units
  • 16 two-bedroom units
  • Property Type: Apartment Complex
  • Property Sub Type: Multi-Family 5+
  • Elementary School: Hamilton Elem. Community Ed.
  • High School: Sumner High
  • High School District: St. Louis City
  • Middle Or Junior School: Yeatman-Liddell Middle School
  • "Public Sewer"
  • Annual Tax Amount: 8166
  • Tax Year: 2023
  • Tenant Pays: "All Utilities", "Electricity"
  • Water Source: "Public"

Location

$1,550,000 - 5300 Maple Avenue, St Louis, MO 63112
5300 Maple Avenue St Louis, MO 63112
Location: City,Corner Location

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