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5622-5640 Delmar Blvd
Saint Louis, MO 63112
DelMonte Apartments - CWE/under LOI · Multifamily Property For Sale
·
70 Units
PROPERTY FACTS
| No. Units | 70 | Building Size | 71,072 SF |
| Property Type | Multifamily | Average Occupancy | 92% |
| Property Subtype | Apartment | No. Stories | 6 |
| Apartment Style | Mid-Rise | Year Built/Renovated | 1920/1985 |
| Building Class | C | Parking Ratio | 1.03/1,000 SF |
| Lot Size | 1.34 AC | ||
| Zoning | H | ||
| No. Units | 70 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 1.34 AC |
| Building Size | 71,072 SF |
| Average Occupancy | 92% |
| No. Stories | 6 |
| Year Built/Renovated | 1920/1985 |
| Parking Ratio | 1.03/1,000 SF |
| Zoning | H |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Views
- Double Pane Windows
- Island Kitchen
SITE AMENITIES
- Laundry Facilities
- Security System
- Gated
- On-Site Retail
- Vintage Building
- Elevator
ABOUT 5622-5640 DELMAR BLVD , SAINT LOUIS, MO 63112
1920's vintage historic apartment building in the booming Central West Corridor of St. Louis!!! 9200SF of fully-leased ground floor commercial space and 70 apartments*Property gut-renovated in 1980's with comprehensively updated systems (HVAC, plumbing, electrical etc), updated, modern drywalled floorplans featuring open kitchens with island bars, loads of natural lighting (7-14 windows per unit), 14 different floorplans, concrete floors for outstanding noise isolation, two elevators serving the building, gated parking and tier-2 cable for residents! Light rehab value-add opportunity. This area is booming, with loads of new construction and renovation all around, and the new Loop Trolley stopping 100 feet from the front door!!! Forest Park just blocks away, MetroLink DeBaliviere Station 2 blocks away providing very short commute to Washington University, St. Louis University, Barnes/Jewish/Childrens hospital complex, CORTEX, and hundreds of shops, restaurants, music venues and nightlife in the Delmar Loop 6 blocks to the West!!! Contact listing agents for offering materials. 8.5+% proforma cap rate after light unit rehab. After some minor cosmetic renovations this building will have a proforma cap rate of 8.5%.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 50 | - | - |
| 2+1 | 15 | - | - |
| 2+2 | 5 | - | - |
PROPERTY TAXES
| Parcel Number | 5618-00-0320-7 | Improvements Assessment | $593,540 |
| Land Assessment | $18,810 | Total Assessment | $612,350 |
PROPERTY TAXES
