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5539 Pershing Ave
Saint Louis, MO 63112
Chelsea Luxury Living · Multifamily Property For Sale
·
152 Units
INVESTMENT HIGHLIGHTS
- Established 152-unit, 2021 vintage property located in St. Louis, MO
- Tax abatement through 2030 offers investors increased cash flow
- Within two miles to I-64, the Metrolink train, bus lines and university shuttle
- With 25% studio, 59% one-bedroom and 16% two-bedroom units, the Property was built with a conventional multifamily unit mix
- Comprehensive amenity suite, including a bistro cafe, golf lounge, saltwater pool, arcade bar, 24/7 fitness center, turkish spa, pet park, and more
- Located less than three miles from Saint Louis University and less than two miles from Barnes Jewish and SSM Health Saint Louis University Hospitals
EXECUTIVE SUMMARY
CBRE is pleased to offer for sale The Chelsea, an iconic multifamily property in the premier Central West End neighborhood of St. Louis, Missouri. With its irreplaceable location in Saint Louis' Central West End, which is St. Louis' highest growth submarket, the property benefits from direct proximity to Forest Park, Clayton CBD, BJC Hospital and the Cortex Innovation District.
This residential property features 152 apartments, offering a wide range of floor plans from studios to two-bedrooms. Situated on Pershing Avenue, this St. Louis residence provides access to countless retail, dining, and entertainment options in the Central West End neighborhood.
This residential property features 152 apartments, offering a wide range of floor plans from studios to two-bedrooms. Situated on Pershing Avenue, this St. Louis residence provides access to countless retail, dining, and entertainment options in the Central West End neighborhood.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 1.23 AC |
| No. Units | 152 | Building Size | 102,315 SF |
| Property Type | Multifamily | Average Occupancy | 98% |
| Property Subtype | Apartment | No. Stories | 7 |
| Apartment Style | Mid-Rise | Year Built | 2020 |
| Building Class | A | ||
| Zoning | E | ||
| Sale Type | Investment |
| No. Units | 152 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 1.23 AC |
| Building Size | 102,315 SF |
| Average Occupancy | 98% |
| No. Stories | 7 |
| Year Built | 2020 |
| Zoning | E |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Heating
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Freezer
SITE AMENITIES
- Fitness Center
- Pool
- Property Manager on Site
- Wi-Fi
- Roof Terrace
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 38 | - | 402 - 553 |
| 1+1 | 90 | - | 620 - 805 |
| 2+2 | 24 | - | 971 - 1,071 |
PROPERTY TAXES
| Parcel Number | 3874-18-0370-0 | Improvements Assessment | $6,297,660 |
| Land Assessment | $177,540 | Total Assessment | $6,475,200 |
PROPERTY TAXES
Parcel Number
3874-18-0370-0
Land Assessment
$177,540
Improvements Assessment
$6,297,660
Total Assessment
$6,475,200
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