5315 Cabanne Avenue St Louis, MO 63112

31,898 Sqft
30,056 Sqft lot
0.69 Acre lot
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$1,650,000 Est. $6,076 / mo.*
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Status: Active
Property Type: Multi-family 5+
Year Built: 1925
Days on Website: 129

Listing courtesy of Niche Advisors.

Description

Welcome to the Cabanne Castle! This historic 42-unit (24-1 bed/1 bath and 18-2 bed/2 bath) takeover project that has permits and plans approved (expired need to be renewed) has passed framing inspection and has a ton of upside potential and value add opportunity. The building has passed framing inspection (buyer will need to renew permits) and is ready for MEPs (mechanical, electric, plumbing). Capex updates that have already been done are: new roof, tuck pointing, new windows on rear and sides of building and some duct work ran. This sale also includes the lot 5329 Cabanne which is perfect for additional tenant parking. Value add opportunity by converting basement level into additional apartments, storage or offices. This is an amazing fast track opportunity to quickly take over a historic building.

Open House

Property Details and Features

  • One Bedroom Unit Baths: 1 Per Unit
  • Two Bedroom Unit Baths: 1 Per Unit
  • Above Grade Finished Area: 31898 Sq.Ft.
  • Above Grade Finished Area Source: Public Records
  • Building Age: 100
  • Number Of Units Total: 42
  • Year Built: 1925
  • Neighborhood: Visitation Park
  • Cooling: "Other"
  • Disclosures: "Unknown", "City", "Historic Restriction", "Sellers Discl Not Av"
  • Heating: "None"
  • Heating Included
  • Heat Source: Other
  • Net Operating Income: 0
  • Inclusions: Building & Land,Sale Includes Other
  • Lease Term: None
  • Price per Sq.Ft.: $52
  • Transaction Type: Sale
  • Ownership Type: Private
  • Location: City
  • Major Area: Central West
  • Parcel Number: 3866-00-8026-0
  • Subdivision Name: Cabanne
  • Township: St. Louis City
  • Lot Size Acres: 0.69
  • Lot Size Dimensions: 0x0
  • Lot Size Source: County Records
  • Lot Size Square Feet: 30056 Sq.Ft.
  • Features: "Other"
  • Possession: "Close Of Escrow"
  • 24 one-bedroom units
  • 18 two-bedroom units
  • Property Type: Apartment Complex
  • Property Sub Type: Multi-Family 5+
  • Elementary School: Adams Elem.
  • High School: Beaumont Cte High School
  • High School District: St. Louis City
  • Middle Or Junior School: Blewett Middle
  • "Public Sewer"
  • Annual Tax Amount: 87
  • Tax Year: 2023
  • Tenant Pays: "Other"
  • Water Source: "Public"

Location

$1,650,000 - 5315 Cabanne Avenue, St Louis, MO 63112
5315 Cabanne Avenue St Louis, MO 63112
Location: City

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