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Browse More Listings in Multifamily For Sale, Saint Louis, MO or Missouri

Multifamily Property For Sale

Gallery on Washington

4140 Washington, Saint Louis, MO 63108

Price:
$7,900,000
No. Units:
120
Building Size:
86,000 SF
Price/Unit:
$65,833.33
Property Type:
Multifamily
Property Sub-type:
Mid/High-Rise
Property Use Type:
Investment
Commission Split:
1%
Cap Rate:
8.30%
Occupancy:
95%
No. Stories:
4
Year Built:
1928
Lot Size:
1.10 AC
Find Out More...

Last Verified 10/21/2009 Listing ID 16282102

Highlights

all granite hallways
extensive renovations just completed
started leasing first week of February of 09

all units have washer/dryer
two secured/gated parking
Great location in the Central West End

Description

The Gallery on Washington was open on February 1st of 2009. An extensive renovation is now complete. See brochure attached for complete information. Over 300 pieces of Art Work complete the all granite hallways. All units have stackable washer/dryer. Client base has been grad students, professionals and Doctors.

Just 6 blocks From St. Louis University, Close to Barnes Medical Center and Washington University. Situated in the Central West End area. Includes two secured/gated parking lots. All new and just completed.

Financial Summary

Unit Mix Information

Proforma
Scheduled Gross Income
$884,436
Effective Gross Income
$840,215
Operating Expenses
$145,215
Net Operating Income
$694,749

Description	No. Units	Avg. Mo. Rent
One Bedroom	9	$750
One Bedroom Large	8	$850
Large Studio	40	$600
Large Corner Studio	12	$650
Efficiency	48	$550

Map of 4140 Washington, Saint Louis, MO 63108 (Saint Louis City County)

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Contact Listing Broker

Diane Scott (314) 324-7555

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Created 6/16/2009

Additional Information for 4140 Washington Boulevard, Saint Louis, MO 63108

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 1 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - Gallery on Washington

4140 Washington, Saint Louis, MO, 63108