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2350-2358 Mccausland Ave
Saint Louis, MO 63143
Linden Apartments · Multifamily Property For Sale
·
30 Units
Investment Highlights
- The 30-Unit Multifamily Asset Offers 17,7250 Square Feet of Well-Maintained Living Space Situated on 0.75-Acre Lot
- Recent Capital Improvements Including New Unit Interiors , New Roofs and Mechanical Enhance Long-Term Investment Stability
- The Property is Centrally Located at the Southwest City/Mid-County Border, One of the Most Desirable Parts of the CIty of St. Louis, Missouri
Executive Summary
Marcus & Millichap is pleased to present the Linden Apartments located at 2350-2358 McCausland Avenue, St. Louis, Missouri. This fully renovated 30-unit apartment complex has a gross building area of 17,250 square feet and is situated on a 0.75-acre lot. Postioned in the heart of the Southwest City/Mid-County Border. Locals view this pocket as a seamless transition zone where the urban grid of southwest St. Louis City meets a highly accessible and affordable alternative to neighboring premium hubs like Clayton. Southwest City/Mid-County Border has experienced a moderate year-over-year upward climb of roughly 1.6 to 6.8 percent. This reflects sustained demand for the walkable Manchester Avenue Corridor. This area's average one-bedroom cost (~$983) is vastly more economical than in nearby Clayton (~$1,959), while keeping immediate access to MetroLink rail stations.
Property Facts
| Price Per Unit | $110,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.75 AC |
| Cap Rate | 7% | Building Size | 17,250 SF |
| Gross Rent Multiplier | 10.85 | Average Occupancy | 100% |
| No. Units | 30 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1963/2024 |
| Property Subtype | Apartment | Parking Ratio | 1.74/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | J | ||
| Price Per Unit | $110,000 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Gross Rent Multiplier | 10.85 |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.75 AC |
| Building Size | 17,250 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1963/2024 |
| Parking Ratio | 1.74/1,000 SF |
| Zoning | J |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Heating
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Family Room
- Freezer
- Linen Closet
Site Amenities
- 24 Hour Access
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 30 | $875.00 | 575 |
Property Taxes
| Parcel Number | 4627-04-0110-0 | Improvements Assessment | $196,060 |
| Land Assessment | $16,490 | Total Assessment | $212,550 |
Property Taxes
Parcel Number
4627-04-0110-0
Land Assessment
$16,490
Improvements Assessment
$196,060
Total Assessment
$212,550
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