Rock Island Realty

3515 Magnolia

St Louis , MO 63118

MLS#: 22078520

$930,000

Status: Closed
Listing number: 22078520
Listing provided by: Salient Realty Group, LLC
Listing agent phone: None
Last update: N/A
On site: N/A
Browse Properties
Tower Grove East - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1966

Sq.Footage

7,800

Salient Realty Group is pleased to present this opportunity to acquire 3515 Magnolia, a 12 unit apartment building located in heart of the highly desirable Tower Grove South neighborhood of St. Louis City. The building consists of 12, 1 bed / 1 bath units. Three of the twelve units have been renovated with updated flooring, kitchens and baths. The property has 12 off street parking spaces, a rare features for properties in the area. The average rent is currently well below market at $690 and similar units in the area are renting for $825 - $850, this presents a tremendous value add opportunity. Tower Grove East has one of the strongest rental markets in St. Louis City. The property is walkable to Tower Grove Park and the South Grand district which is home to many restaurants, bars, and shops.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Above Grade Finished Area

    7800.0

  • Basement YN

    NO

  • Cooling YN

    YES

  • Cooling

    Wall Unit(s)

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Baseboard, Electric

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    Open, Parking Lot

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

Price

  • Sales Price

    $930,000

  • Tax Amount

    $6,640

  • Sq. Footage

    7, 800

  • Price/SqFt

    $119

HOA

  • Association

    No

School District

  • Elementary School

    Shenandoah Elem.

  • Middle School

    Elias Michael Elem.

  • High School

    Roosevelt High

Property Features

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

St Louis City-MO

Elementary School

Shenandoah Elem.

Middle School

Elias Michael Elem.

High School

Roosevelt High

Listing Courtesy of Timothy McCarthy , Salient Realty Group, LLC

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Salient Realty Group is pleased to present this opportunity to acquire 3515 Magnolia, a 12 unit apartment building located in heart of the highly desirable Tower Grove South neighborhood of St. Louis City. The building consists of 12, 1 bed / 1 bath units. Three of the twelve units have been renovated with updated flooring, kitchens and baths. The property has 12 off street parking spaces, a rare features for properties in the area. The average rent is currently well below market at $690 and similar units in the area are renting for $825 - $850, this presents a tremendous value add opportunity. Tower Grove East has one of the strongest rental markets in St. Louis City. The property is walkable to Tower Grove Park and the South Grand district which is home to many restaurants, bars, and shops.

3515 Magnolia

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