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Multifamily

Soulard Apartments

1523 S 10th St, St. Louis, MO 63104

Listing Price: $1,750,000

Cap Rate
7.02%
Number of Units
15
GRM
7.96
Price/Unit
$116,667
Price/Gross SF
$117.26
Gross SF
14,924

Investment Overview

The Soulard Package, built in 1884 and recently renovated in 2016 is located just minutes of downtown St. Louis, Missouri. The Property was originally built masonry, flat-roofing on top of stone foundation. Featuring private off-street parking, large-open/spacious floor plans, and galley-style kitchens. The Property consists of fifteen (15) units. The Soulard Apartments consists of nine (9) 1Bed/1Bath, four (4) - 2Bed/2Bath, one (1) - 2bed/2.5bath units, and one(1) 3Bed/1Bath apartments. The average unit size is 995 square feet. Unit upgrades include granite counters in kitchens and baths, Hardwood & Luxury Vinyl flooring, HVAC, Windows, Lighting, Waste and water plumbing, and more.

The package is currently and historically 100% occupied. The apartments are within walking distance to Anheuser Busch Brewery and 4 minutes (drive) to downtown St. Louis, Missouri. Tenants also enjoy in-unit private laundry, spacious two-level floor plans, and off-street private (1:1) parking.

Investment Highlights

  • Fifteen(15) Market Rate Multi-Housing Units
  • Large Floor-Plans
  • 995 Square-Feet Per Unit Average
  • $1,221 Average Rent Per Unit
  • Granite Counter-Tops
  • New Appliances
  • Private (Gated) – Off-Street Parking

Exclusively Listed By

Broker of Record

  • Dave Saverin

    Regional Manager

    (314) 889-2500

    License(s) MO: 2008013520

    Missouri

Financing By

Multifamily

Soulard Apartments

Listing Price: $1,750,000

Cap Rate
7.02%
Number of Units
15
GRM
7.96
Price/Unit
$116,667
Price/Gross SF
$117.26
Gross SF
14,924

Investment Highlights

  • Fifteen(15) Market Rate Multi-Housing Units
  • Large Floor-Plans
  • 995 Square-Feet Per Unit Average
  • $1,221 Average Rent Per Unit
  • Granite Counter-Tops
  • New Appliances
  • Private (Gated) – Off-Street Parking

Investment Overview

The Soulard Package, built in 1884 and recently renovated in 2016 is located just minutes of downtown St. Louis, Missouri. The Property was originally built masonry, flat-roofing on top of stone foundation. Featuring private off-street parking, large-open/spacious floor plans, and galley-style kitchens. The Property consists of fifteen (15) units. The Soulard Apartments consists of nine (9) 1Bed/1Bath, four (4) - 2Bed/2Bath, one (1) - 2bed/2.5bath units, and one(1) 3Bed/1Bath apartments. The average unit size is 995 square feet. Unit upgrades include granite counters in kitchens and baths, Hardwood & Luxury Vinyl flooring, HVAC, Windows, Lighting, Waste and water plumbing, and more. The package is currently and historically 100% occupied. The apartments are within walking distance to Anheuser Busch Brewery and 4 minutes (drive) to downtown St. Louis, Missouri. Tenants also enjoy in-unit private laundry, spacious two-level floor plans, and off-street private (1:1) parking.

Exclusively Listed By

Broker of Record

  • Dave Saverin

    Regional Manager

    (314) 889-2500

    License(s): MO: 2008013520

    Missouri

Financing By

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