5590 Pershing, St Louis, MO 63112

$1,950,000
13,413
SqFt
Sold Price
$1,950,000
List Price
$2,100,000
Closing Date
Aug 28, 2018
Days on Market
8
MLS#
18022994
Status
SOLD
Sq. Ft. Above
13,413
Price Per Sq. Ft
145.38
Year Built
1928
Age
90
Subdivision
Debaliviere Place
Municipality
St. Louis City
County
St Louis City
Listing Type
Multifamily

Property Description

This architecturally significant 18 unit apartment building in the historical DeBaliviere Place Neighborhood of the Central West End was built in 1928. Competitively priced, this is an excellent opportunity to currently earn a 6.22% return based on current rent roll with actual rents & 2017 operating expenses! This quality building consists of 12 2-bedroom units and 6 1-bedroom units with many of the units having updated kitchens & baths. Each large & well designed unit has individual central air, electric forced air heat, & water heaters. It has renovated common halls, coin-operated laundry facilities on each floor, gated parking with 22 assigned parking spaces & ample street parking. Because this building is part of the Debaliviere Place Association, residents of the building have access to the association's pool. This highly sought after property is steps from Forest Park & Metrolink continues to attract & maintain superior tenant quality & performs at a high occupancy level.

Additional Information

Gross Operating Income
200890
Total Expenses
$60,472
School District
St. Louis City
Elementary School
Ford-Ford Br. Elem. Comm. Ed.
Jr. High School
Langston Middle
Sr. High School
Sumner High
Construction
Brick/Stone Msn Pred
Parking Description
1 Space/Unit, On Street Parking, Security Parking
Cooling
Central-Electric
Sewer
Public
Heating
Forced Air, Individual Furnaces
Water
Public
Heat Source
Electric, Gas
Taxes Paid
20893
Selling Terms
Conventional

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Listing courtesy of Berkshire Hathaway HomeServices Advantage. Selling Office: .

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