3935 S. Grand Blvd, St. Louis, MO 63118
$499,000 (Available Now)

19 Unit Value Add Apartment Building Ready For Rehab

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Invest in St. Louis

Opportunity to purchase a value add property located just a short walk to all of the shops and restaurants on S. Grand. There are a number of renovation projects happening in the area and rents have steadily raised over time. Built in 1926 with seven 2 bed apartments, seven 1 bed apartments, 3 studios and two commercial spaces. The commercial spaces are approximately 1,920 sq ft and 1,480 sq ft and would generate approximately $12 per sq ft gross. The Building has been gutted and is ready for rehab and permits have previously been approved for construction. Projected market rent after renovation is $900 for the 2 beds, $750 for the 1 beds, $670 for the studios, $1,920 and $1,480 for the commercial spaces which is $16,960 a month and $203,520 annually. Priced at $20ft. The building has a garage on the first floor for the tenants. There are building plans available to review. Property needs a full renovation and is being sold as-is.

Supplemental Documents

Property Location

Property Details:
Square Footage: 23,900 County: St. Louis City Units: 10+ Condition: Rehab Needed Occupancy: Vacant Parking: Garage, On Street Parking Heating: N/A Cooling: N/A Construction: Brick Basement: Stone
Home Amenities:
  • Hardwood Floors
Agent Details:
Owner / Broker: Jordan Schoen Phone: (314) 255-5117 Fax: (314) 480-7053
Contact Agent: Please use the form below to contact agent Jordan Schoen about this listing.

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