Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1919
Sq.Footage
N/A
5500 Pershing presents a once in a lifetime opportunity to own 16 units in one of the most sought after areas of St Louis, located on just the other side of Forest Park. This entire block is filled with Washington University and Saint Louis University students + Barnes Jewish Hospital nurses/ employees. There are 14 one bed/one bath units that are fully renovated with IN UNIT LAUNDRY, granite counters and vinyl flooring- that currently rent for $1100/month. There are 2 studio units that rent for $875/month. The Net Operating Income generated from this property in 2024 was $145,763 which put this property at an in-place cap rate of 7.26%. The building has been updated with PVC plumbing, copper electric and has a beautiful all brick exterior. This is one of the few properties on this street with central air so you can keep your expenses low. This building is fully occupied, tours will be on March 13th. Call listing agent for Rent Roll, three years of profit/loss and other financials.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Basement YN
NO
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Forced Air, Natural Gas
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Parking
Open, Parking Lot
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.23
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
Price
-
Sales Price
$1,995,000
-
Tax Amount
$13,652
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
Ford-Ford Br. Elem. Comm. Ed.
-
Middle School
Langston Middle
-
High School
Sumner High
Property Features
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
St Louis City-MO
Elementary School
Ford-Ford Br. Elem. Comm. Ed.
Middle School
Langston Middle
High School
Sumner High
Listing Courtesy of Anthony M Klier , The Agency
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FOUNDER
Colleen Brown
Call Colleen today to schedule a private showing.
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