4166 Lindell Boulevard St Louis, MO 63108

12,148 Sqft lot
0.28 Acre lot
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$3,600,000 Est. $13,256 / mo.*
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Status: Active
Property Type: Multi-family 5+
Year Built: 1922
Days on Website: 5

Listing courtesy of The Agency.

Description

Extremely rare 36 unit gut rehabbed apartment complex in the heart of the Central West End. Walk to SLU, Wash U, Barnes/BJC, Forest Park and much more. The building is an even split: 17 1 beds and 17 2 beds + 2 extra offices or studio units on the first floor. The buildings were completely gutted in the 80's while preserving tons of historic charm. All of the systems have been updated: new PVC, copper pipes, forced heat/central air, a brand new elevator a few years back and a drywall finish throughout. The apartments are spacious with an open floor plan, large balcony and an unobstructed view of the arch, forest park or cathedral basilica. The property with in-place NOI $302,000 is a 8.4% CAP RATE; the building stays 100% leased with mostly international students from SLU. Current rents are about $350 below market; Add some personal touches, update kitchens & baths or just cash your rent checks – perfect value for someone looking to live & invest in a Class A neighborhood.

Open House

Property Details and Features

  • Building Age: 103
  • Number Of Units Total: 36
  • Year Built: 1922
  • Neighborhood: Central West End
  • Cooling: "Electric"
  • Disclosures: "Unknown", "Agent Owned"
  • Heating: "Forced Air"
  • Heating Included
  • Heat Source: Electric
  • Net Operating Income: 290060
  • Inclusions: Building & Land
  • Lease Term: Leases
  • One Bedroom Unit Rent: 965
  • Two Bedroom Unit Rent: 1055
  • Transaction Type: Sale
  • Major Area: Central West
  • Parcel Number: 3914-00-0050-0
  • Subdivision Name: Lindell Add 02
  • Township: St. Louis City
  • Lot Size Acres: 0.2789
  • Lot Size Dimensions: 57X212
  • Lot Size Square Feet: 12149 Sq.Ft.
  • Features: "Parking Lot"
  • Possession: "Close Of Escrow"
  • 17 one-bedroom units
  • 17 two-bedroom units
  • Property Type: Apartment Complex
  • Property Sub Type: Multi-Family 5+
  • Elementary School: Pamoja Prep / Cole
  • High School: Sumner High
  • High School District: St. Louis City
  • Middle Or Junior School: L'Ouverture Middle
  • "Public Sewer"
  • Annual Tax Amount: 42252
  • Tax Year: 2023
  • Tenant Pays: "Electricity", "Gas", "Parking Fee"
  • Water Source: "Public"

Location

$3,600,000 - 4166 Lindell Boulevard, St Louis, MO 63108
4166 Lindell Boulevard St Louis, MO 63108
Major Area: Central West

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