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5300 Maple Avenue, St Louis, MO 63112
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$1,600,000
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Home Details for 5300 Maple Avenue
Price
$1,600,000
Type
Multi Family
Year Build
1908
Sq. Ft.
21696
Lot Size
0.3636
County
St Louis City
Basement
Concrete, Exterior Entry, Full, Walk-Out Access, Walk-Up Access
Tax
$8,588
MLS®️ Listing#
25056291
On exitrealty.com
141 days
Property Description
Let's play real life Monopoly! Here’s your chance to own a prime investment property in the highly sought-after West End neighborhood of St. Louis City. This package features two side-by-side, stone-front, all-brick apartment buildings offering a total of 18 units - 16 spacious 2BR, 1BA apartments and two 1BR, 1BA apartments. The buildings are well maintained and have undergone several renovations, including a newer roof, updated decks, plumbing, electric, some new windows, exterior painting, wooden privacy fencing, gated entry, and security lighting. Eight-megapixel cameras provide added peace of mind, and some HVAC systems have been replaced. 16 apartments have been fully renovated, leaving just two in need of updates. This is an outstanding long-term investment with immediate upside potential. Current rents are well below market, and comparable rents in the area should range between $1,000 and $1,300/month. With 4 current vacancies, the property is priced at a 7% cap rate and offers the strong potential for double-digit returns once stabilized. The location is nothing short of fantastic. Situated just minutes from Forest Park, Barnes-Jewish Hospital, Washington University, the Delmar Maker District, and the Central West End, this property benefits from consistently strong rental demand and unbeatable neighborhood appeal. A rare opportunity to acquire a turnkey, income-producing asset with room to grow—this property is ready to be the next cornerstone of your portfolio!
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- Basement
- Concrete
- Exterior Entry
- Full
- Walk-Out Access
- Walk-Up Access
- House Interior
- Ceiling Fan(s)
- Laminate Counters
- Cooling Information
- Central Air
- Heating Information
- Forced Air
- Water Features
- Public
- Parking
- On Street
School Information
School Information for 5300 Maple Avenue
Elementary School
Ford-Ford Br. Elem. Comm. Ed.
Middle School
Langston Middle
High School
Sumner High
Listing Courtesy: Focus Realty Group, LLC - 314-740-1268. Presented by: Lawrence Berry
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Market statistics compiled from data from Mid America Regional Information Systems.
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