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  • Listing Provided by: 

    Matt Bukhshtaber 314-632-6685,

    CBRE

    $4,300,000

    3801 Keokuk St, Saint Louis, MO 63116

    --beds
    70baths
    51,640sqft
    : 
    Multi Family, Apartment
    Built in 1930
    -- sqft lot
    $-- Zestimate®
    $83/sqft
    $-- HOA

    What's special

    Historic buildingsTimeless brick exteriorsAttractive unit mix
    There are 4 properties (74 units total) being offered as a package. All are beautiful, historic buildings with timeless brick exteriors located in Dutchtown – a historic & vibrant South City STL neighborhood experiencing significant revitalization. Addresses are: 3801-3811 Keokuk St. - 24 units 3858 Bamberger Ave. – 24 units 3763 Keokuk St. – 2 units 4054-4064 S. Grand Blvd. – 24 units Summary below: • Attractive unit mix – Studios, One-Bedroom, & Two-Bedroom floor plans. • Avg. in-place rents are significantly below market rate – offers immediate upside w/ rent increases. • Economies of Scale – owning multiple properties w/in close proximity allows for centralized management, shared maintenance resources, & reduced operational expenses. • Asking Price of $4,300,000 ($58k per unit). • Projected Year 1 NOI of $346,367 w/ reserves, so 8% cap on proforma year one.
    28 days
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    520
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