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The Cliff House 1337-1339 S Vandeventer Ave 5 Unit Apartment Building $795,000 ($159,000/Unit) Saint Louis, MO 63110
INVESTMENT HIGHLIGHTS
- Beautiful, Renovated Historic 5 Unit Building
- In-Unit Laundry and Central HVAC in All Units
- Several Amenities: Shared Lounge, Private Courtyard and Garage Parking
- Solid In-Place Rents w/ Room to Raise to Market
- Updated Systems - Electrical and Plumbing
- Perfect for Midterm Rentals
EXECUTIVE SUMMARY
Salient Realty Group is pleased to present this incredible opportunity to purchase a 5 unit, fully updated building located in the vibrant Grove Neighborhood and across from Rockwell Brewing. These spacious apartments blend modern updates with classic charm. Each unit features hardwood floors throughout, in-unit washer and dryer, central air, stainless steel appliances, quartz countertops, updated kitchens, built-in bookshelves, and an abundance of natural light from large updated windows. The property offers several amenities: shared lounge overlooking looking a private, walled courtyard and secured parking in the rear garage.
In-place rents are averaging ~$1,371/month with several units currently leased below market but have significant upside. The property has already proven the ability to command higher rents at $1,500/month. This is a low-lift value add opportunity for investors to purchase a stabilized, well-maintained asset with proven rent upside.
In-place rents are averaging ~$1,371/month with several units currently leased below market but have significant upside. The property has already proven the ability to command higher rents at $1,500/month. This is a low-lift value add opportunity for investors to purchase a stabilized, well-maintained asset with proven rent upside.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $795,000 | Lot Size | 0.19 AC |
| Price Per Unit | $159,000 | Building Size | 8,532 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1889/2024 |
| Property Subtype | Apartment | Parking Ratio | 0.47/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | B | ||
| Price | $795,000 |
| Price Per Unit | $159,000 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 8,532 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1889/2024 |
| Parking Ratio | 0.47/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | B |
AMENITIES
UNIT AMENITIES
- Washer/Dryer
- Built-In Bookshelves
- Deck
- Skylights
SITE AMENITIES
- Courtyard
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | 900 |
| 2+1 | 1 | - | 1,600 |
1 1
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 3992-00-0320-0 | Total Assessment | $28,110 |
| Land Assessment | $1,350 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $26,760 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
3992-00-0320-0
Land Assessment
$1,350
Improvements Assessment
$26,760
Total Assessment
$28,110
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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The Cliff House | 1337-1339 S Vandeventer Ave
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