The Diplomat Apartments | 3530 Miami St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
The Diplomat Apartments 3530 Miami St
60 Unit Apartment Building For Sale Saint Louis, MO 63118
Investment Highlights
- Incredible value add opportunity
- 60 units | 20 studios and 40, 1 bed/1 bath
- Incredibly low price per unit basis
- Significant rent upside
- Owner is willing to be creative - Reach out to Broker for more information
- High vacancy offers immediate value add implementation
Executive Summary
Salient Realty Group is pleased to present this opportunity to purchase The Diplomat Apartments located in St. Louis City and more specifically Gravois Park.
The property consists of 60 units comprised of 20 studios, and 40, 1 bed/1 bath units. Pricing on this asset offers buyers an incredibly low basis on a price per unit. Please contact us for pricing guidance. The property has incredible value add opportunity through lease up and cosmetic updates in the apartments which will translate into significant rent increases. Currently, the property has high vacancy which offers investors the ability to implement a value add plan immediately.
All financials are available upon request - Reach out to Broker for more information
The property consists of 60 units comprised of 20 studios, and 40, 1 bed/1 bath units. Pricing on this asset offers buyers an incredibly low basis on a price per unit. Please contact us for pricing guidance. The property has incredible value add opportunity through lease up and cosmetic updates in the apartments which will translate into significant rent increases. Currently, the property has high vacancy which offers investors the ability to implement a value add plan immediately.
All financials are available upon request - Reach out to Broker for more information
Property Facts
| Sale Type | Investment | Lot Size | 0.49 AC |
| Sale Conditions | High Vacancy Property | Building Size | 31,668 SF |
| No. Units | 60 | Average Occupancy | 62% |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built | 1965 |
| Apartment Style | Mid Rise | Parking Ratio | 0.68/1,000 SF |
| Building Class | C |
| Sale Type | Investment |
| Sale Conditions | High Vacancy Property |
| No. Units | 60 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.49 AC |
| Building Size | 31,668 SF |
| Average Occupancy | 62% |
| No. Stories | 5 |
| Year Built | 1965 |
| Parking Ratio | 0.68/1,000 SF |
Unit Amenities
- Air Conditioning
- Disposal
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Carpet
Site Amenities
- Controlled Access
- Laundry Facilities
- Property Manager on Site
- Security System
- Gated
- Online Services
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 20 | - | 350 |
| 1+1 | 40 | - | 750 |
1 of 1
Walk Score ®
Very Walkable (89)
PROPERTY TAXES
| Parcel Number | 1606-00-0080-0 | Improvements Assessment | $170,490 |
| Land Assessment | $20,060 | Total Assessment | $190,550 |
PROPERTY TAXES
Parcel Number
1606-00-0080-0
Land Assessment
$20,060
Improvements Assessment
$170,490
Total Assessment
$190,550
zoning
| Zoning Code | H |
| H |
-
Tim McCarthy -
Garen Lafser -
James Anderson -
Salient Realty Group LLC
1 of 7
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
The Diplomat Apartments | 3530 Miami St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.