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The Cabanne 5841 Cabanne Ave 24 Unit Apartment Building $1,673,285 ($69,720/Unit) Saint Louis, MO 63112
Investment Highlights
- Spacious two and three bedroom units
- Value add opportunity
- Many updates
- Great location in Historic West End
- Individually metered for gas and electricity
- Each unit has Central AC and individual furnace
Executive Summary
New Price, better value add opportunity!! Located in the historic West End neighborhood, is 24 units, spacious two and three bedroom units with many updates including central AC and forced air furnaces, double pane windows, some updated kitchens. Within walking distance of the entertainment district "The Loop" with lots of fun activities and great bars and restaurants, close to Forest Park, with the zoo, the art museum and Washington University, the main campus and the medical school. Rents are below market with lots of room to grow. This is a great opportunity for a new owner to take over and push this property to the next level.
Property Facts
| Price | $1,673,285 | Building Class | C |
| Price Per Unit | $69,720 | Lot Size | 0.59 AC |
| Sale Type | Investment | Building Size | 23,466 SF |
| No. Units | 24 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1924/1990 |
| Apartment Style | Mid-Rise | ||
| Zoning | B | ||
| Price | $1,673,285 |
| Price Per Unit | $69,720 |
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.59 AC |
| Building Size | 23,466 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1924/1990 |
| Zoning | B |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Yard
- Double Pane Windows
- Pantry
- Vinyl Flooring
- Window Coverings
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | $850.00 | 1,030 |
| 3+1 | 12 | $1,050 | 1,373 |
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Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 3862-00-0060-0 | Improvements Assessment | $127,740 |
| Land Assessment | $5,230 | Total Assessment | $132,970 |
Property Taxes
Parcel Number
3862-00-0060-0
Land Assessment
$5,230
Improvements Assessment
$127,740
Total Assessment
$132,970
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The Cabanne | 5841 Cabanne Ave
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