Properties

3000-3008 S Jefferson Ave
3000-3008 S Jefferson Ave
Saint Louis, MO 63118
Sales Price: $900,000
Cap Rate: 9.02%
Property SqFt: 12,736
Type: Retail
1000 S Newstead Ave
1000 S Newstead Ave
Saint Louis, MO 63110
Lease Rate: $16/SF/Yr
Property SqFt: 6,000
Type: Retail
1909 Locust St
1909 Locust St
Saint Louis, MO 63103
Sales Price: $499,000
Property SqFt: 8,680
Type: Retail
1909 Locust St
1909 Locust St
Saint Louis, MO 63103
Lease Rate: $16/SF/Yr
Property SqFt: 8,680
Type: Retail
1905 Park Ave
1905 Park Ave
Saint Louis, MO 63104
Lease Rate: $19/SF/Yr
Property SqFt: 2,600
Space SqFt: 2,000
Type: Retail
2345 Pine St
2345 Pine St
Saint Louis, MO 63103
Lease Rate: $16.75/SF/Yr
Property SqFt: 2,480
Space SqFt: 2,480
Type: Office
1917-1935 Delmar Blvd
1917-1935 Delmar Blvd
Saint Louis, MO 63103
Property SqFt: 20,020
Type: Industrial
2806-2812 Locust St
2806-2812 Locust St
Saint Louis, MO 63103
Sales Price: $699,000
Property SqFt: 15,260
Type: Industrial
2657-2659 Washington Blvd
2657-2659 Washington Blvd
Saint Louis, MO 63103
Lease Rate: $16/SF/Yr
Property SqFt: 5,250
Type: Retail
2657-2659 Washington Blvd
2657-2659 Washington Blvd
Saint Louis, MO 63103
Sales Price: $499,000
Property SqFt: 5,250
Type: Retail
Union Club in Lafayette Square
1700 S Jefferson Ave
Saint Louis, MO 63104
Lease Rate: $6/SF/Yr
Property SqFt: 16,000
Type: Retail
4400-4410 Chouteau Ave
4400-4410 Chouteau Ave
Saint Louis, MO 63110
Lease Rate: $17.50/SF/Yr
Property SqFt: 4,260
Space SqFt: 2,050
Type: Office
5501-5513 Pershing Ave
5501-5513 Pershing Ave
Saint Louis, MO 63112
Lease Rate: $14/SF/Yr
Property SqFt: 14,200
Type: Retail
3227-3229 Morganford Rd
3227-3229 Morganford Rd
Saint Louis, MO 63116
Sales Price: $335,000
Cap Rate: 12.54%
Property SqFt: 6,007
Type: Retail
130 N Eatherton
130 N Eatherton Rd
Chesterfield, MO 63005
Sales Price: $982,000
Type: Land
2746 Cherokee Street
2746 Cherokee Street
St. Louis, MO 63118
Sales Price: $325,000
Property SqFt: 3,865
Type: Office
3310 Wyoming
3310 Wyoming St.
St. Louis, MO 63118
Sales Price: $435,000
Cap Rate: 8.63%
# of Units: 4
Type: Multifamily
308 N 21st St
308 N 21st St
Saint Louis, MO 63103
Lease Rate: $16/SF/Yr
Property SqFt: 45,755
Type: Office
2701 South Jefferson
2701 South Jefferson Ave.
St. Louis, Missouri 63118
Sales Price: $275,000
Property SqFt: 2,333
Type: Retail
3639 Montana
3639 Montana Street
St. Louis City, MO 63116
Sales Price: $129,900
Cap Rate: 9.7%
# of Units: 2
Type: Multifamily
6512 Lansdowne Ave
6512 Lansdowne Ave
St. Louis, MO 63109
Lease Rate: $14/SF/Yr
Property SqFt: 3,636
Space SqFt: 1,818
Type: Office
Fountain Park Apartments
4803 Fountain Ave
St. Louis, MO 63113
Sales Price: $595,000
Cap Rate: 10.45%
# of Units: 12
Type: Multifamily

Fountain Park Apartments

Address 4803 Fountain Ave, St. Louis, MO 63113
Sale Price $595,000
Cap Rate 10.45%
Property Type Multifamily
Property Subtype Building - Low-rise
Market MO-St. Louis
Sub Market STL City Central Corridor
Year Built N/A
Land Size (Acres) N/A
Building Size (SF) 15,447
Lease Rate N/A
# of units 12

Description/Comments:
INVESTMENT HIGHLIGHTS Market Rent Proforma Cap Rate: 12.76% Current Avg Rent Profroma Cap Rate: 10.45% • Property consists of 12, 3 bed & 1 bath apartments. • Large units ranging from 1,100 SF – 1,200 SF • Central HVAC – All electric units • In unit washer and dryer • Off Street parking, large lot to the North is included. • Potential to Raise Rents o Current average rent is $712. o Market rents are between $800 - $850 • VERY LIMITED SELLER FINANCIALS/INFO ON THE PROPERTY. This property presents an incredible opportunity for the new owner to enjoy great cash flow with the tenant base in place, while providing the ability to significantly increase returns by raising rents to market rate as leases renew or new tenants are signed on. Showings are by appointment only. Please do not disturb tenants. Seller willing to take less if Buyer is able to close by June 7th.

Space Descriptions:
N/A

Lead Broker

Garen Lafser
President & Designated Broker
Salient Realty Group

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