$101.00 Per Sq Foot $17,984 est/mo Sourced by Back At You

1245 North & South Boulevard,St Louis, MO 63130

St Louis MO, 63130

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Description

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.

Details

MLS#24030794
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1960
Days On Site15
Listing Provided ByApartment Advisors of America | Michael Zangara

Features

SQ Feet33,000
Units32
Acreage1.76

Market Activity 63130

 Listings courtesy of Maris MLS as distributed by MLS GRID. 

Based on information submitted to the MLS GRID as of May 29, 2024 at 5:41:42 AM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Learn More About This Property

StateMO
CountySt Louis
CitySt Louis
Zip Code63130
AreaUniversity City
School DistrictUniversity City Sr. High
Elementary SchoolFlynn Park Elem.
Middle SchoolBrittany Woods
High SchoolUniversity City Sr. High
Listing VS Median (in NA)
Price:
$3,350,000
low | high
Med:
$255,000
100% of Average
SqFt:
33,000
low | high
Med:
2,372
100% of Average
$ / SqFt:
$102
low | high
Med:
$118
34.248679207469% of Average
On Site:
15
low | high
Med:
53.000000
28.301886792453% of Average
Sourced by Back At You
Listing Updated: May 21, 2024 at 8:20:47 PM PDT