4503 Mcpherson Avenue St Louis, MO 63108

56,000 Sqft lot
1.29 Acre lot
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$10,000,000 Est. $36,823 / mo.*
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Status: Active
Property Type: Multi-family 5+
Year Built: 1904
Days on Website: 8

Listing courtesy of The Agency.

Description

Sherwood Court is a 66 unit apartment complex located in the heart of the Central West End. This property is walkable to WholeFoods (12min walk), Forest Park (14min walk), Lululemon, Brennans, The ChasePark Plaza, The Basilica Cathedral, Shake Shack, First Watch & tons of other restaurants. The tenant base features Barnes Jewish Hospital employees (22min walk), Washington University students (19 min walk) and Saint Louis University students (28min walk). Almost every unit is renovated with IN UNIT WASHER/ DRYER, quartz or granite counters, shaker cabinets, hardwood flooring, tiled bathrooms and central air. The current average rent is $1228/unit and occupancy is over 95%. There are 3 detached buildings, each 3 stories high and full brick exteriors. There is almost 1to1 off street parking. From September 2023 to August 2024, the NOI was $717,310. Request financials to see Rent Roll & T12. Call to schedule a tour today!

Open House

Property Details and Features

  • Building Age: 121
  • Number Of Units Total: 66
  • Year Built: 1904
  • Neighborhood: Central West End
  • Cooling: "Electric"
  • Disclosures: "Unknown", "Sellers Discl Not Av"
  • Heating: "Forced Air"
  • Heating Included
  • Heat Source: Gas
  • Net Operating Income: 717000
  • Inclusions: Building & Land
  • Lease Term: Leases
  • Efficiency Rent: $1,023
  • One Bedroom Unit Rent: 1233
  • Two Bedroom Unit Rent: 1428
  • Transaction Type: Sale
  • Major Area: Central West
  • Parcel Number: 4577-00-0425-0
  • Subdivision Name: Fullerton
  • Township: St. Louis City
  • Lot Size Acres: 1.2856
  • Lot Size Dimensions: 0
  • Lot Size Square Feet: 56001 Sq.Ft.
  • Features: "Parking Lot"
  • Possession: "Close Of Escrow"
  • 18 efficiency units
  • 30 one-bedroom units
  • 18 two-bedroom units
  • Property Type: Apartment Complex
  • Property Sub Type: Multi-Family 5+
  • Elementary School: Cote Brilliante Elem.
  • High School: Sumner High
  • High School District: St. Louis City
  • Middle Or Junior School: Langston Middle
  • "Public Sewer"
  • Annual Tax Amount: 58270
  • Tax Year: 2024
  • Tenant Pays: "Electricity", "Gas"
  • Water Source: "Public"

Location

$10,000,000 - 4503 Mcpherson Avenue, St Louis, MO 63108
4503 Mcpherson Avenue St Louis, MO 63108
Major Area: Central West

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