The Lange and 3620 Texas Avenue
Two Property Portfolio, 27 Total Units, Tax Abatement | The Lange and 3620 Texas Ave.
Marketing description
The Lange and 3620 Texas Ave. (the “Portfolio”), is a two-property multifamily portfolio located in the historic neighborhood of Gravois Park in St. Louis, Missouri. The sale includes two contiguous properties totaling 27 units.
Investment highlights
27-unit property located in the Gravois Park neighborhood of St. Louis
Historically strong occupancy
Condo quality finishes in both properties including updated kitchens with stainless steel appliances and quartz countertops
Room to raise rents through new ownership period
Tax abatement through 2028 (The Lange) and 2033 (3620 Texas Ave.)
Ideal mix of one and two-bedroom floor plans averaging 813 SF
Close to I-55 and I-44 providing convenient access to all major employment centers throughout the St. Louis metro and Downtown
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