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3521 Utah St 3521-3525 Utah 6 Unit Apartment Building $895,000 ($149,167/Unit) Saint Louis, MO 63116
INVESTMENT HIGHLIGHTS
- Freshly renovated building completed in 2022
- Proven concept to bump rents to $1,420
- Off-street parking
- Updated electric/plumbing/HVAC
- Walkable to South Grand business district & Tower Grove Park
- Great Opportunity for Short Term Rentals w/ Proximity to SLU Medical
EXECUTIVE SUMMARY
Salient is pleased to present this opportunity to own a fully updated, 6-family in the heart of Tower Grove East. The property consists of 6, 2 bed/1 bath units with off-street parking and a fenced in backyard. Units have been completely updated throughout with high end finishes, new kitchens with new stainless steel appliances, in unit washer/dryer and central heating and cooling. Plumbing and electric have also been updated. Rents are below market with a proven concept of achieving $1,420/mo.
PROPERTY FACTS
| Price | $895,000 | Building Class | C |
| Price Per Unit | $149,167 | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 6,824 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1907/2022 |
| Apartment Style | Low-Rise | Cross Streets | Grand and Utah |
| Zoning | B | ||
| Price | $895,000 |
| Price Per Unit | $149,167 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 6,824 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1907/2022 |
| Cross Streets | Grand and Utah |
| Zoning | B |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | $1,395 | 1,100 - 1,150 |
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Walk Score®
Very Walkable (89)
Bike Score®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | 1489-00-0210-0 | Improvements Assessment | $98,420 |
| Land Assessment | $3,360 | Total Assessment | $101,780 |
PROPERTY TAXES
Parcel Number
1489-00-0210-0
Land Assessment
$3,360
Improvements Assessment
$98,420
Total Assessment
$101,780
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3521 Utah St 3521-3525 Utah
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