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About the Listing CBRE01 - MBUKHSHT,COREGAN
909-923 Geyer Ave. is a 28-unit value-add multifamily property situated in the historic Soulard neighborhood. The property offers an investor the rare opportunity to acquire a large apartment building in an extremely high-barrier-to-entry submarket with a proven operating performance and tremendous upside potential. The property enjoys a strong occupancy rate, offering an investor the opportunity to acquire a well-performing asset in a historic area of St. Louis. Built in 1885 and extensively renovated in 2023, the Property features studio, 1, 2, and 3-bedroom floor plans, off-street parking, and on-site laundry facilities. INVESTMENT HIGHLIGHTS • Turnkey Property: Recent significant capital expenditures (capex) minimize immediate maintenance concerns and maximize potential returns. • Extensive Renovations: Unit interiors, roofs, HVAC systems, brickwork (tuckpointing), landscaping, and outdoor amenities (dog park, outdoor lighting, decks) have all been recently upgraded. • Unit Renovations: Include all-new flooring, updated kitchens & bathrooms, new light fixtures, fresh paint, and in-unit laundry (most units). • High-Quality Improvements: Newly painted decks and window trim contribute to curb appeal and property value. • Value-Add Potential: Opportunity to further increase rents and property value through strategic management and additional enhancements.
Listing Highlights for 909-923 Geyer Ave
Status
Active
Days on Site
15
Property Type
Multi-Family
MLS ®
25058424
Year Built
1885
Total Square Footage
18,790
Lot/Acreage
0.45
County
St. Louis
Neighborhood
Soulards Add 03
Area
2 - Central East
School District
St. Louis City
Elementary School
Sigel Elem. Comm. Ed. Center
Middle School
Fanning Middle Community Ed.
High School
Roosevelt High
Interior Details
- Bedrooms: 8
- Bathrooms: 7 Full
- Appliances:
- Air Cond: Central Air
- Heating: Forced Air
- Fireplaces:
- Floor: Luxury Vinyl,Plank
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Garage Capacity: N/A
- Roof: Flat
- Others:
- Sewer:
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 0384-00-0150-0
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
909-923 Geyer Ave St Louis, MO 63104
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