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Property Description

Extremely rare 36 unit gut rehabbed apartment complex in the heart of the Central West End. Walk to SLU, Wash U, Barnes/BJC, Forest Park and much more. The building is an even split: 17 1 beds and 17 2 beds + 2 extra offices or studio units on the first floor. The buildings were completely gutted in the 80's while preserving tons of historic charm. All of the systems have been updated: new PVC, copper pipes, forced heat/central air, a brand new elevator a few years back and a drywall finish throughout. The apartments are spacious with an open floor plan, large balcony and an unobstructed view of the arch, forest park or cathedral basilica. The property with in-place NOI $302,000 is a 8.4% CAP RATE; the building stays 100% leased with mostly international students from SLU. Current rents are about $350 below market; Add some personal touches, update kitchens & baths or just cash your rent checks - perfect value for someone looking to live & invest in a Class A neighborhood.

Overview

Property Status
For Sale
Lot Size
0.28 Acres
MLS ID
25008695
Property Type
Commercial
Year Built
1922

Features & Amenities

Neighborhood
Central West End
Water Source
Public
Parking
Parking Lot
Heat Type
Forced Air
Air Conditioning
Electric
Sewer
Public Sewer
Elementary School
Pamoja Prep / Cole
Middle School
L'Ouverture Middle
High School
Sumner High
School District
St. Louis City

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4166 Lindell Boulevard

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4166 Lindell Boulevard

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  • CallAnthony Klier

    License #2022012991

    (314) 517-1925
  • 4166 Lindell Boulevard
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