Meticulously maintained 20-unit apartment complex across three tax parcels in Tower Grove South. This is an incredible investment opportunity located near Tower Grove Park, Botanical Gardens, and Morganford’s vibrant shops, dining, and nightlife. Two brick buildings with one-bedroom units, private parking, and key code access. Current rents are below market with average rents at $725, presenting significant rent increase potential with average market rent at $895 for similar sized apts. Upgrades include appliances, garbage disposals, refinished floors, security cameras, Murray electrical panels, interior and exterior doors, vanities, counter-tops, medicine cabinets, on-site coin laundry, tenant storage, and a maintenance shop. The property features resealed parking lots and 25-year architectural shingle roofs. Each building offers baseboard heating, hotel-style cooling unit. Sixteen security cameras installed in 2023 offer enhanced safety. Seller reviewing offers at 2pm Fri Oct 25th.
Closed
Zillow last checked:
Listing updated:
Bought with:
David Nations, 2007027969
Keller Williams Realty St. Louis
Source: MARIS,MLS#: 24065018
Originating MLS: St. Louis Association of REALTORS
Originating MLS: St. Louis Association of REALTORSPrice history
| Date | Event | Price |
|---|---|---|
| 12/19/2024 | Sold | -- |
Source:  MARIS #24065018 Report a problem | ||
| 3/22/2012 | Sold | -- |
Source: MARIS #11055958 Report a problem | ||
| 2/7/2012 | Price change | $550,000-0.9%$25/sqft |
Source: RE/MAX SELECT #11055958 Report a problem | ||
| 1/23/2012 | Listed for sale | $555,000$26/sqft |
Source: RE/MAX SELECT #11055958 Report a problem | ||
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Estimated market value
$2,044,500
