Multi-Family for Sale: 1245 North & South Boulevard, St Louis, MO 63130 SOLD
33,000 sqft
$3,225,000
$3,225,000
1245 North & South Boulevard,
St Louis, MO 63130 SOLD
33,000 sqft
$3,225,000
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Selling Price: $3,225,000
Original List Price: $3,350,000
Sold at 96.3% of list price
Sold Date: 08/23/2024
Type Multi-Family
Square Footage 33,000 sqft
Lot Size 1.76 acres
Year Built 1960
Assoc Fee Paid None
Taxes Paid $20,259
City St Louis
Area University City
County St Louis
Subdivision NA
MLS 24030794
Status Closed
DOM 98 days
Forest Grove Apartments is a 32 unit apartment community comprised of 28-two bedroom units and 4-three bedroom units with average rents of $1,020 per month. The Property offers plenty of upside potential to generate an additional $4,000 per month in revenue based on current in place rents. The owner has completed numerous capital improvements, including: new roofs, new gutters, deck replacement, parking lot repaving/striping, new flooring in stairwells, new exterior paint, all new electrical panels, updated laundry facility and several HVAC replacements within the last 24 months. Forest Grove is a low maintenance, turn-key investment opportunity that would be perfect for a seasoned investor or a new Buyer looking for a great opportunity. Additionally, the surrounding area has a ton of new development and employment. Forest Grove Apartments is located near the new (50 acre, $211-million) "Market at Olive Development" located at Interstate 170 and Olive Blvd.
Lot & Building Features
Assoc Fee Paid None
Construction Brick Veneer, Fl Brick/Stn Veneer
Cooling Electric
Heat Source Electric
Heating Forced Air
Parking Description Accessible Parking, Parking Lot, Parking Garage
Sewer Public Sewer
Tax Year 2023
Water Public
Lot Dimensions 0x0 ft
Community and Schools
Junior High School Brittany Woods
Senior High School University City Sr. High
Price History of 1245 North & South Boulevard, St Louis, MO
Date | Name | Price | Difference |
---|---|---|---|
05/14/2024 | Listing Price | $3,225,000 | N/A |
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed. |
![Photo of Diane Durham](image_cache/300_9a/1328108709_9a17957bf91c1d384e0bebc250092aae.png)
Listed by Apartment Advisors of America, Michael Zangara
Sold by Keller Williams Realty STL, Bob Ecker
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