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Property Description

5386 Pershing ave, "Central Park" is a fully-renovated 40 UNIT property in Debalivere. Located right between Washington University main campus/ WASH U medical campus, down the street from Barnes Jewish Hospital and just a 6 minute walk to Forest Park. Every unit in the building has been upgraded with IN-UNIT WASHER DRYER, vinyl flooring, granite counters and central air (no central boiler or window unit AC). This property is 100% occupied and brings in $51,227/m. 32 of the units are 2bed/1baths that currently rent for $1296/month and 8 of the units are 1bed/1bath (w an office) that currently rent for $1221/month. Market rent for 2beds according to RentOMeter in this area is $1452/month (ask agent for his 23 rental comps) so there is plenty of room to raise rents (seller self-manages himself). In 2024 the Total Operating Income was $591,779 and the Total Operating Expenses were $182,626/month = which make the NOI for 2024 $409,152. Showings start May 14th, 2025- call to schedule a tour.

Overview

Property Status
For Sale
Lot Size
0.53 Acres
MLS ID
25028488
Property Type
Multi-Family
Year Built
1917

Features & Amenities

Water Source
Public
Parking
Open, Parking Lot
Heat Type
Forced Air, Natural Gas
Air Conditioning
Central Air, Electric
Sewer
Public Sewer
Elementary School
Ford-Ford Br. Elem. Comm. Ed.
Middle School
Langston Middle
High School
Sumner High
School District
St. Louis City
Sales Price
$5,900,000
Real Estate Tax
$43,757/yr

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5386 Pershing Avenue

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5386 Pershing Avenue

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    License #2022012991

    (314) 517-1925
  • 5386 Pershing Avenue
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