Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1927
Sq.Footage
23,400
Oakview Apartments is a 36-unit value-add multifamily community situated in a thriving area of St. Louis’s Central Corridor. The property consists of three all-brick buildings featuring 36 1-bed, 1-bath units with a strong occupancy rate of 100%. Unit features include in-unit washers and dryers, hardwood floors, updated kitchens with quartz countertops and stainless-steel appliances, as well as rear balconies. Residents can enjoy off-street parking in the parking lot behind in the rear of the buildings. Oakview Apartments is ideally located just minutes from Forest Park. Its proximity to WashU ensures a steady influx of students, faculty, and staff, driving demand for rental properties. The vibrant Dogtown neighborhood, known for its lively atmosphere and local eateries, adds to the area’s appeal. Downtown Clayton, with its bustling business district and upscale shopping and dining, is also just a short drive away. Additionally, the property is conveniently located near major hospitals and employers in the Central West End, such as BJC Healthcare, attracting healthcare professionals and other workers. Current rents are below market rates, providing immediate upside potential for future ownership through rental increases. Furthermore, 5 units have not been updated with new kitchens, presenting additional opportunities for value enhancement. The property is being offered free-and-clear, allowing buyers the flexibility to secure new financing.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Electric
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
On Site
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.6761
-
Property Type
Residential Income
-
Architectural Style
Apartment Style
Price
-
Sales Price
$4,650,000
-
Tax Amount
$32,773
-
Sq. Footage
23, 400
-
Price/SqFt
$198
HOA
-
Association
No
School District
-
Elementary School
Mason Elem.
-
Middle School
Long Middle Community Ed. Center
-
High School
Roosevelt High
Property Features
-
Water Source
Public
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Location
County
St Louis City
Elementary School
Mason Elem.
Middle School
Long Middle Community Ed. Center
High School
Roosevelt High
Listing Courtesy of Matt Bukhshtaber , CBRE
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