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5000 Virginia Ave 16 Unit Apartment Building $875,000 ($54,688/Unit) 9.37% Cap Rate Saint Louis, MO 63111
INVESTMENT HIGHLIGHTS
- 16-unit value-add opportunity
- Corner lot near transit
- $7,200/month current gross rent
- Upside through lease-up potential
EXECUTIVE SUMMARY
Investor special in Dutchtown! 16-unit multifamily with 13 units occupied and current gross rents of $8,350/month through September. Mix of studio and 1-bed units, professionally managed with stable tenant base and upside potential through lease-ups. Corner lot location near public transit and neighborhood amenities. Solid cash flow with room to grow.
PROPERTY FACTS
| Price | $875,000 | Apartment Style | Low-Rise |
| Price Per Unit | $54,688 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 9.37% | Building Size | 13,201 SF |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1930 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | F | ||
| Price | $875,000 |
| Price Per Unit | $54,688 |
| Sale Type | Investment |
| Cap Rate | 9.37% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 13,201 SF |
| No. Stories | 2 |
| Year Built | 1930 |
| Opportunity Zone |
Yes |
| Zoning | F |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Walking/Biking Trails
- Storage Space
- Public Transportation
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 16 | - | 750 |
1 1
Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 2804-00-0260-0 | Improvements Assessment | $93,610 |
| Land Assessment | $3,140 | Total Assessment | $96,750 |
PROPERTY TAXES
Parcel Number
2804-00-0260-0
Land Assessment
$3,140
Improvements Assessment
$93,610
Total Assessment
$96,750
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5000 Virginia Ave
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