Select Properties
Michael Hofmeister, Select PropertiesPhone: (314) 323-8003
Email: [email protected]

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listing
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CommercialFor Sale
$1,650,000
5300 Maple Avenue
St Louis, MO 63112
Courtesy of Elevate Realty, LLC
MLS: Mid America Regional MLS (MARIS)
Est. Mortgage
$8,617/mo

Welcome to 5300 Maple Ave.: 2 buildings comprised of 18 units: 12 (2 Bedroom units), 4 multi-level town homes (2 bedroom units), 2 (1 bedroom units). Property has been receiving upgrades since acquisition: a newer roof less than 5 years old including the flat roof; 3 new decks (2 in back and 1 in middle); wooden fence in rear; metal fence in front; and many new systems in place. 14 units having been revamped and refreshed. Building features a basement utilized as an office and storage that could provide supplemental coin laundry income. The property is on a quiet dead-end street less than a mile from Forest Park golf course and the famous mansions on Lindell Blvd. Washington University is also nearby. This stabilized property with the tax rate of Saint Louis generates enough income to set it apart from any other multi-family buildings on the market. A realistic pro-forma suggests over a 10% cap if you increase the below market rents. This is an excellent opportunity!

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Information courtesy of Elevate Realty, LLC is subject to verification and is not guaranteed.
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