Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1925
Sq.Footage
31,898
The Cabanne Castle is a three-story Tudor-style brick condominium building in the West End, totaling approximately 31,898 sq. ft. It includes 42 units: (24) 1-bed 1-bath and (18) 2-bed / 1-bath. The lower level offers 24 underground parking spaces and room for tenant storage. This multi-family rehab is ideal for developers or investors. While the project needs completion, many plans and permits have already been approved by the city (some will require renewal). Completed improvements include demolition, new roof, new rear and side windows, tuckpointing, framing, and leveled floors. The building is ready for mechanical, electrical, and plumbing installation. An adjacent lot is included and can be used for additional parking. Historic tax credits are available. The lower level offers potential for added units, a lounge, or a gym. Estimated ARV: $5,200,000 Estimated Completion Cost: $2,800,000 Potential Tax Credits: $1,000,000+. There is potential for more than 20% equity upon completion. Seller financing is available for well-qualified buyers.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Above Grade Finished Area
31898.0
-
Basement YN
NO
-
Cooling YN
NO
-
Cooling
None
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Other
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
Garage, Underground
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
-
Architectural Style
Mid-Rise 3or4 Story
Price
-
Sales Price
$1,099,000
-
Tax Amount
$3,486
-
Sq. Footage
31, 898
-
Price/SqFt
$34
HOA
-
Association
No
School District
-
Elementary School
Hamilton Elem. Community Ed.
-
Middle School
Langston Middle
-
High School
Beaumont Cte High School
Property Features
-
Ownership
Private
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
St Louis City
Elementary School
Hamilton Elem. Community Ed.
Middle School
Langston Middle
High School
Beaumont Cte High School
Listing Courtesy of Jordan Schoen , Invest St. Louis
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