Property History
12-Unit Value-Add Near The Loop & WashU, Strong Rental Upside
Opportunity to acquire 12 units in a highly desirable rental corridor near The Loop, Forest Park, and Washington University. The property consists of four three-family buildings featuring 900SF three-bedroom units, totaling 36 bedrooms. Recent renovations include updated HVAC systems, electrical, plumbing, flooring, appliances, doors, windows, fresh paint, and refreshed common areas. Off-street parking is available for tenants. This is a clear value-add opportunity with rents currently below market levels. Rental data within a 3-mile radius shows:
Average market rent for 3BR units: $2,230/month
Average rent per square foot: $1.83/SF
Section 8 rents for similar 3BR units: $1,570–$1,670/month
Prime Location – Distances from 5437 Page Blvd:
Forest Park- 1.4 miles
The Loop- .9 miles
Washington University North Campus- 1.9 miles
Barnes Hospital Complex- 2.2 miles
Washington University Main Campus- 2.9 miles
Clayton- 3 miles
12 Units building - NOI +8% - 100% Occupation
- Property consists of 9 units, 3 bed & 1 bath apartments & 3 units, 4 bed & 1 bath apartments
- Large units ranging between 850 SF & 1,000 SF
- Totally Rehabbed. New Bathrooms, Kitchens, floors, everything.
- Central HVAC – All electric units
- Updated plumbing and electric throughout
- In unit kitchen, refrigerator, washer and dryer (Confirmar)
- Off Street parking, no assignement parking.
Current average rent is $917.5
Market rents are between $850 - $950
This property presents an incredible opportunity for the new owner to enjoy great stabilized cash flow,
NET Yearly USD + 99,000.00 - NOI +8%.
Showings are by appointment only. Please do not disturb tenants.
Have you ever seen a better investment?
12 Units building - NOI +8% - 100% Occupation
- Property consists of9 units, 3 bed & 1 bath apartments & 3 units, 4 bed & 1 bath apartments
- Large units ranging from between 850 SF & 1,000 SF
- Totally Rehabbed. New Bathrooms, Kitchens, floors, everything.
- Central HVAC – All electric units
- Updated plumbing and electric throughout
- In unit kitchen, refrigerator, washer and dryer (Confirmar)
- Off Street parking.
Current average rent is $917.5
Market rents are between $850 - $950
This property presents an incredible opportunity for the new owner to enjoy great stabilized cash flow,
NET Yearly USD + 99,000.00 - NOI +8%.
Showings are by appointment only. Please do not disturb tenants.
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