1528 Locust Street, Saint Louis, MO, 63101 - Available for Sale

Multifamily For Sale

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SLU Law School Student Housing Opportunity

1528 Locust Street, Saint Louis, MO 63101

$1,500,000

100 Units | Multifamily

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Multifamily Property For Sale

Price:
$1,500,000
No. Units:
100
Building Size:
70,000 SF
Price/Unit:
$15,000
Property Type:
Multifamily
Property Sub-type:
Mid/High-Rise
Property Use Type:
Investment
Commission Split:
2%
Occupancy:
0%
Listing ID
17540188
Last Updated
12 days ago

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Description

Opportunity to invest in housing within walking distance of the newly relocated Saint Louis University Law School. 100 vacant one-bedroom units, formerly elderly housing, need rehab and modernization to make perfect housing for some of the 1100+ law students moving to downtown St Louis this fall. This offering is for the top eight floors of an architecturally recognized 10 story building, with the first 2 floors being owned and operated by the YMCA. The stunning building has the first 2 floors treated in cut stone. Building windows are evenly spaced and alternate with flat arches and pointed arches. A string course is over the ninth floor and the brick on the 10th floor changes to a diamond pattern. Developers and investors act today.

Located near the "loft" district of downtown St Louis, MO. Walking distance to many downtown attractions such as Washington Avenue Restaurant and Entertainment District, St Louis Public Library, Scottrade Center, Memorial Park, and the soon to open SLU Law school.

Map of 1528 Locust Street, Saint Louis, MO 63101 (Saint Louis City County)

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Eric Nickish
Eric Nickish

Specializes exclusively in the Brokerage of Apartment Investment Properties in the St Louis and SE Missouri sub-market

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Asking Price Index Trends for Saint Louis, MO Multifamily For Sale

  Sep 14 vs. 3 mo.
prior
Y-O-Y
-
State
$43,839+3.4%-1.2%
-
Metro
$37,735+2.8%-9.0%

View Saint Louis Market Trends for other property types for sale or lease. Learn more about the chart info.

SLU Law School Student Housing Opportunity
  • Multifamily
  • $1,500,000
  • 100 Units
  • 70,000 SF