2334-2338 Tower Grove Ave
$1,595,000 (Listed Sold)

12 Unit Apartment Complex on Tower Grove

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Invest in St. Louis

-Rare opportunity in an absolutely prime location across the street from the Botanical Gardens and one building down from Tower Grove Park. 

-This architecturally significant 12 unit building has a mix of 2 and 3 bed units. 

-Current owner has meticulous financials and is currently using 2 units as Airbnb’s with very consistent and strong performance. 

-This building maintains very high demand for both long and short term tenants. 

-Building is fully occupied with well below market rents. 

-6 of the 12 units have been recently updated and the other units were updated approximately 15 years ago. 

-Updated two bedroom apartments in the Shaw neighborhood range from $1,250 to $1445 and 3 beds range from $1,295-$1,800 depending on updates, size and amenities. 

-There have been lots of capex upgrades including HVAC, kitchen/bath finishes, appliances, lots of PVC plumbing, and mostly TPO covered roof.

-Building is professionally managed. 

-An inspection has already been completed and can be supplied with serious interest for a smooth transaction and no surprises.

Supplemental Documents

Property Location

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Property Details:
Square Footage: 19,434 County: St. Louis City Units: 10+ Condition: Turn Key Occupancy: Fully Occupied Parking: Off Street Parking, Parking Lot Heating: Electric Heat Cooling: Central Air Construction: Brick Basement: N/A
Home Amenities:
  • Some Dishwashers
  • Microwaves
  • Fridge
  • Stove
  • Hardwood Floors
  • Tile Floors
Agent Details:
Agent: Geoff Neidenbach Phone: 314-779-6300 Fax:
Contact Agent: Please use the form below to contact agent Geoff Neidenbach about this listing.

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