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Multifamily

5451 Arsenal Street

5451 Arsenal St, St. Louis, MO 63139

Listing Price: $1,785,000

Cap Rate
5.71%
Number of Units
17
Occupancy
96.0%
Price/Unit
$105,000
Price/Gross SF
$148.40
Gross SF
12,028

Investment Overview

Marcus & Millichap of St. Louis, Missouri is proud to present and exclusively list 5451 Arsenal Street, a seventeen (17) unit multi-housing asset located in Saint Louis City, Missouri, 63109. Built in 1968 and constructed using both wood-frame & brick, this apartment building contains nine(9) two-bed/1bath units and eight (8) 1bed/1bath units and average 693 SF per unit in addition to seventeen (17) off-street surface parking spaces (1:1 ratio). New, luxury vinyl flooring can be found within all units, along with granite counter-tops, updated bathroom pedestal's, and lighting throughout including Common Areas. Average rent is well-below the average for comparable units found in the St. Louis Hills sub-market. Tenants enjoy the central St. Louis City location and feel secure living on "The Hill", an "Historic" south-city sub-market that boasts the lowest crime rate in the City. 5451 is directly east of Sublette Park, and just north of St. Louis Fire Department Engine House #53. The Hill is recognized nationally as one of the top choices for authentic Italian Cuisine dining, boasting over a dozen "Italian" restaurants inside a 1.25 square-mile area.

Investment Highlights

  • Seventeen (17) Market-Rate Apartment Units
  • Located Within the Premier Rental South City Sub-Market "The Hill"
  • 693 Square-Feet Per Unit Average
  • $753 Rent Per Unit
  • Stabilized & Historically Performing Asset with Tremendous "Value-Add" Potential

Exclusively Listed By

Multifamily

5451 Arsenal Street

Listing Price: $1,785,000

Cap Rate
5.71%
Number of Units
17
Occupancy
96.0%
Price/Unit
$105,000
Price/Gross SF
$148.40
Gross SF
12,028

Investment Highlights

  • Seventeen (17) Market-Rate Apartment Units
  • Located Within the Premier Rental South City Sub-Market "The Hill"
  • 693 Square-Feet Per Unit Average
  • $753 Rent Per Unit
  • Stabilized & Historically Performing Asset with Tremendous "Value-Add" Potential

Investment Overview

Marcus & Millichap of St. Louis, Missouri is proud to present and exclusively list 5451 Arsenal Street, a seventeen (17) unit multi-housing asset located in Saint Louis City, Missouri, 63109. Built in 1968 and constructed using both wood-frame & brick, this apartment building contains nine(9) two-bed/1bath units and eight (8) 1bed/1bath units and average 693 SF per unit in addition to seventeen (17) off-street surface parking spaces (1:1 ratio). New, luxury vinyl flooring can be found within all units, along with granite counter-tops, updated bathroom pedestal's, and lighting throughout including Common Areas. Average rent is well-below the average for comparable units found in the St. Louis Hills sub-market. Tenants enjoy the central St. Louis City location and feel secure living on "The Hill", an "Historic" south-city sub-market that boasts the lowest crime rate in the City. 5451 is directly east of Sublette Park, and just north of St. Louis Fire Department Engine House #53. The Hill is recognized nationally as one of the top choices for authentic Italian Cuisine dining, boasting over a dozen "Italian" restaurants inside a 1.25 square-mile area.

Exclusively Listed By

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