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32145914
32152194

2140 Hampton Avenue, 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
$2,750,000
35 days on market
Updated 35 days ago

Hampton Ave Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 21,700
Net Rentable (SqFt) 20,800
Units 32
Cap Rate 6.33%
NOI $174,152
Occupancy 96.9%
Tenancy Multi
Pro-Forma Cap Rate 8.19%
Pro-Forma NOI $225,151
Price per SqFt $127
Year Built 1966
Buildings 1
Acreage 0.580
Parking Spaces spaces
Investment Type Stabilized

32 Units | North Hampton | Assumable Debt Available

Marketing description

2140 Hampton Ave presents an opportunity to own an income-producing asset in one of St. Louis' most connected and recognizable corridors. The property benefits from strong rental demand driven by its central location, with consistent income streams from rent, laundry, pet fees, and other ancillary revenue sources.

Positioned along Hampton Avenue, the property offers quick access to Forest Park, one of the region's premier destinations for recreation, museums, golf courses, and trails. Residents are also just minutes from The Hill, known for its neighborhood feel, Italian restaurants, bakeries, and local shops, along with easy access to Tower Grove Park and downtown St. Louis.

The location provides excellent accessibility to major employers, entertainment districts, and highways including I-64, I-44, and I-55, making it attractive for a wide range of tenants. With a highly visible location, stable surrounding neighborhoods, and proximity to some of the city's most desirable amenities, 2190 Hampton Ave offers both immediate income potential and long-term upside.

Investment highlights

  • 32 Units Available in North Hampton
  • Near The Hill, Shaw and The Grove
  • Refreshed Units
  • Direct Access to I-64
  • Assumable Debt Available, Contact Broker For More Details

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
$174,152.28
$14,512.69/mo

Valuation Metrics

0
DSCR
6.33%
Cap Rate
6.33%
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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