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29094088
29094097

5225 Southwest Ave, St. Louis, MO 63139

MM
MO 2024031548
Salient Realty Group
GL
MO 2015014613
Salient Realty Group
JA
MO 2019046652
Salient Realty Group
Listed by Salient Realty Group
$1,525,000
151 days on market
Updated 64 days ago

Marie Tower Apartments

Details
APN 4072-9-310.000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 14,991
Net Rentable (SqFt) 9,600
Units 14
Cap Rate 7.77%
NOI $118,522
Occupancy 93%
Pro-Forma Cap Rate 10.77%
Pro-Forma NOI $164,225
Price per SqFt $102
Class C
Year Built 1963
Year Renovated 2019
Stories 2

14 Units on The Hill | Newly Renovated | For Sale

Marketing description

5225 Southwest Avenue is a 14-unit multi-family investment property located in the Hill neighborhood. The building, known as Marie Tower Apartments, consists of eight one-bedroom units and six two-bedroom units across two stories. Recent renovations include updated systems and interior finishes such as hardwood and tile flooring, stainless steel appliances, and central air conditioning.

The property includes off-street parking for residents and on-site laundry hookups in several units. With a total interior area of approximately 14,991 square feet, the building is currently positioned as a stabilized asset with rents trending below current market rates.

Investment highlights

14 Updated Units in South City

Freshly Renovated Units

Updated Utility Systems

Rents Well Below Market

93% Occupied

Listing Contacts

MM
MO 2024031548
Salient Realty Group
GL
MO 2015014613
Salient Realty Group
JA
MO 2019046652
Salient Realty Group
Listed by Salient Realty Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$118,522.00
$9,876.83/mo

Valuation Metrics

0
DSCR
7.77%
Cap Rate
7.77%
ROI

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Additional Information

Name
Matthew Millslagle
License
2024031548
Brokerage Phone
3142005352
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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