4343-4353 Manchester Ave
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4343-4353 Manchester Ave
18 Unit Apartment Building $2,500,000 ($138,889/Unit) 6.57% Cap Rate Saint Louis, MO 63110
Investment Highlights
- Great investment opportunity in a prime location in The Grove
- Strong rent upside
- In unit laundry
- 19 Units - 17 - 1 bd/1 bth units, 1 - 2 bd/1 bth unit and 1 commercial/retail space
- Currently 100% occupied
Executive Summary
Salient Realty Group is pleased to exclusively offer the opportunity to purchase a prime investment opportunity in The Grove Neighborhood. This historic 13,842 SF building consists of 17 - 1 bd/1 bath, 1 - 2 bd/1 bth and 1 commercial/ retail space. This opportunity presents a compelling proposition for multifamily investors. The property underwent a full gut rehab in 2007 - 2008 - All systems are modernized with central heating and A/C. Each unit has hardwood floors, stainless steel appliances (w/dishwashers), granite counter tops and in-unit washer/dryer.
Please reach out to the brokers for more information and to set
up a tour of the property
Please reach out to the brokers for more information and to set
up a tour of the property
Financial Summary (Actual - 2024) 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 - 2024) 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
| Price | $2,500,000 | Building Class | B |
| Price Per Unit | $138,889 | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 13,842 SF |
| Cap Rate | 6.57% | No. Stories | 2 |
| No. Units | 18 | Year Built/Renovated | 1899/2008 |
| Property Type | Multifamily | Parking Ratio | 0.68/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | $2,500,000 |
| Price Per Unit | $138,889 |
| Sale Type | Investment |
| Cap Rate | 6.57% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.29 AC |
| Building Size | 13,842 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1899/2008 |
| Parking Ratio | 0.68/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Smoke Detector
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Walk Score ®
Very Walkable (87)
Bike Score ®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 511202-03007 | Total Assessment | $201,710 |
| Land Assessment | $25,950 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $175,760 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
511202-03007
Land Assessment
$25,950
Improvements Assessment
$175,760
Total Assessment
$201,710
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
zoning
| Zoning Code | G |
| G |
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4343-4353 Manchester Ave
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