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    3910 Lindell

    St Louis, MO 63108
    • $795,000
    • STATUS: Active
    • ON SITE: 254 days
    • ID#: 20054195
    UPDATED: 85 min ago
    $795,000
    • 0
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 15,132
      SQFT
    • $53
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1898
    County:
    Area:

    School Information

    Elementary School:
    High School:
    School District:

    Description

    Back on market at no fault of seller. Central West End commercial redevelopment opportunity. Prime location next to St Louis University and Cortex. 15,132 SF Building (3 floors @5,044 each). Potential uses include multi-family student housing, office space, co-working, micro apartments, mixed use. Location, high rents for student housing make this an attractive conversion. Spec drawings and renderings available for 18 apartments with (15) one bedroom and (3) two bedroom apartments. Market rent for updated 1 beds close by renting for $890-$1,370 and 2 beds from $1,195 to $1,795 there is the potential for $16,935-$25,935 in gross monthly income and $203,220-$311,220 in annual gross income depending on finishes, amenities. With 40% expense/vacancy of the gross rent net income could range from $121,932-$186,732 annually. Located in an opportunity zone. Rear parking lot w/ 12 spaces. Also available for $295,000 is adjacent parking lot at 3909-11 West Pine with approximately 33 parking spots

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    Listing information © 2021 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2021-04-12T10:49:13.82.

    Parson Realty Group: 314-614-9731
    www.parsonrealtygroup.com/homes/108437628
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    3910 Lindell St Louis, MO 63108

    • Price: $795,000
    • Status: Active
    • Updated: 85 min ago
    • ID#: 20054195
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    15,132
    SQFT
    $53
    $/SQFT
    1898
    Built
    Neighborhood:
    Lindell Add 02
    County:
    St Louis City
    Area:
    Central West
    Elementary School:
    Dunbar And Br.
    Middle School:
    Yeatman-Liddell Middle School
    High School:
    Vashon High
    School District:
    St. Louis City
    Property Description
    Back on market at no fault of seller. Central West End commercial redevelopment opportunity. Prime location next to St Louis University and Cortex. 15,132 SF Building (3 floors @5,044 each). Potential uses include multi-family student housing, office space, co-working, micro apartments, mixed use. Location, high rents for student housing make this an attractive conversion. Spec drawings and renderings available for 18 apartments with (15) one bedroom and (3) two bedroom apartments. Market rent for updated 1 beds close by renting for $890-$1,370 and 2 beds from $1,195 to $1,795 there is the potential for $16,935-$25,935 in gross monthly income and $203,220-$311,220 in annual gross income depending on finishes, amenities. With 40% expense/vacancy of the gross rent net income could range from $121,932-$186,732 annually. Located in an opportunity zone. Rear parking lot w/ 12 spaces. Also available for $295,000 is adjacent parking lot at 3909-11 West Pine with approximately 33 parking spots
    Exterior Features

    Building Style Mid-Rise 3Or4 Story Construction Brick/Stone Msn Pred Location City Lot Dimensions 214'X50'x214'x50' Parking Description Parking Lot

    Interior Features

    Cooling Central-Electric Heat Source Electric Heating Forced Air Water Heater Gas

    Property Features

    Assoc Fee Paid None Association St. Louis Association of REALTORS Conditions Unknown Disclosures No Other Known RestrOthr-Call List Agent Gross Operating Income 0.00 Lot Size Source County Records Net Income 0.00 Ownership Private Possession At Closing Possible Buyer Fees YN No Property Type Multi-Family 5+ Sale Includes Building & Land Selling Terms CashConventionalExchangePrivateOther Sewer Public Special Listing Conditions None Square Footage Source County Records Tax Year 2019 Taxes Paid 13496 Tenancy Type None Tenant Pays Other Total Expenses 0.00 Transaction Type Sale Type Needs Rehab Water Public

    Listing provided courtesy of Invest St. Louis. Listing information © 2021 Mid America Regional Information Systems, Inc.
    Listing information © 2021 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2021-04-12T10:49:13.82.

    Parson Realty Group: 314-614-9731
     
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    Parson Realty Group
    856 Waterbury Falls Dr Suite 200
    O'Fallon MO, 63368