Cloisters Apartments | 2500 S 18th St
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Cloisters Apartments 2500 S 18th St
22 Unit Apartment Building For Sale Saint Louis, MO 63104
Investment Highlights
- Great investment opportunity in the highly desirable Soulard Neighborhood
- Stabilized with an opportunity to raise rents
- Annual TIF income through 2026 of ~$31,160.00
- 22 units - Great unit mix
- Currently 95% occupied
Executive Summary
Salient Realty Group is pleased to present this prime investment opportunity located in the heart of Soulard. The Cloisters is a remarkable 34,288 SF building with 22 units. The historic charm of this 1886 property is complemented by its prime location in the vibrant Saint Louis area.
The property consists of 22 apartments with a mixture of one, two and three bedroom units. The apartments include spacious floor plans with hardwood floors throughout and washer/dryer in-unit. All systems are modernized and has central HVAC throughout. The complex also provides a workout facility and pool as additional
amenities for tenants.
Reach out to Broker for more information!
The property consists of 22 apartments with a mixture of one, two and three bedroom units. The apartments include spacious floor plans with hardwood floors throughout and washer/dryer in-unit. All systems are modernized and has central HVAC throughout. The complex also provides a workout facility and pool as additional
amenities for tenants.
Reach out to Broker for more information!
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Sale Type | Investment | Lot Size | 0.58 AC |
| No. Units | 22 | Building Size | 34,288 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1886 |
| Apartment Style | Low Rise | Tenancy | Single |
| Building Class | C | Cross Streets | Victor Ave |
| Sale Type | Investment |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.58 AC |
| Building Size | 34,288 SF |
| No. Stories | 3 |
| Year Built | 1886 |
| Tenancy | Single |
| Cross Streets | Victor Ave |
Unit Amenities
- Cable Ready
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
Site Amenities
- 24 Hour Access
- Fitness Center
- Laundry Facilities
- Picnic Area
- Pool
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | $1,150 | 700 - 750 |
| 1+1.5 | 1 | $1,200 | 655 |
| 2+1 | 10 | $1,475 | 935 - 1,000 |
| 3+2 | 2 | $2,000 | 1,335 |
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Walk Score ®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | 0878-18-0010-0 | Total Assessment | $497,170 |
| Land Assessment | $19,360 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $477,810 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
0878-18-0010-0
Land Assessment
$19,360
Improvements Assessment
$477,810
Total Assessment
$497,170
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | D |
| D |
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Cloisters Apartments | 2500 S 18th St
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