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About the Listing CBRE01 - MBUKHSHT
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.
Listing Highlights
Status
Active
Days on Site
98
Property Type
Multi-Family
MLS ®
25057527
Year Built
1930
Total Square Footage
51,640
Lot/Acreage
0.96
County
St Louis City
Neighborhood
City/St Louis
Area
3 - South City
School District
St. Louis City
Elementary School
Oak Hill Elem.
Middle School
Long Middle Community Ed. Center
High School
Roosevelt High
Interior Details
- Bedrooms: 0
- Bathrooms: 70 Full
- Appliances:
- Air Cond: Central Air
- Heating: Forced Air
- Fireplaces:
- Floor: Hardwood,Linoleum
- Above Ground Sq Ft: 57616
- Below Ground Sq Ft: 37441
- Basement:
- Other:
- Water: Public
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 16
- Roof:
- Others:
- Sewer:
- Parking Features: On Site,Parking Lot
Financial Details
- Tax Amount: $17,632
- Taxes w/Assessments: N/A
- Tax/Property ID: 4177-00-0060-0
- Tax Year: 2024
Payment Calculator
Monthly Payment
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Questions About..
3801 Keokuk St St Louis, MO 63116
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