3910 Lindell, St Louis, MISSOURI 63108

$795,000
15,132
SqFt
List Price
$795,000
Days on Market
85
MLS#
20054195
Status
ACTIVE
Living Sq. Ft
15,132
Lot Size
10,672
Sq. Ft. Above
15,132
Acres
0.245
Year Built
1897
Age
123
Subdivision
Lindell Add 02
Municipality
St. Louis City
County
St Louis City
Listing Type
Multifamily

Property Description

Back on market at no fault of seller. Central West End commercial redevelopment opportunity. Prime location next to St Louis University and Cortex. 15,132 SF Building (3 floors @5,044 each). Potential uses include multi-family student housing, office space, co-working, micro apartments, mixed use. Location, high rents for student housing make this an attractive conversion. Spec drawings and renderings available for 18 apartments with (15) one bedroom and (3) two bedroom apartments. Market rent for updated 1 beds close by renting for $890-$1,370 and 2 beds from $1,195 to $1,795 there is the potential for $16,935-$25,935 in gross monthly income and $203,220-$311,220 in annual gross income depending on finishes, amenities. With 40% expense/vacancy of the gross rent net income could range from $121,932-$186,732 annually. Located in an opportunity zone. Rear parking lot w/ 12 spaces. Also available for $295,000 is adjacent parking lot at 3909-11 West Pine with approximately 33 parking spots

Additional Information

School District
St. Louis City
Elementary School
Dunbar and Br.
Jr. High School
Yeatman-Liddell Middle School
Sr. High School
Vashon High
Construction
Brick/Stone Msn Pred
Parking Description
Parking Lot
Cooling
Central-Electric
Sewer
Public
Heating
Forced Air
Water
Public
Heat Source
Electric
Price Per Sq. Ft
52.54
Taxes Paid
13496
Buyer's Agent Commission
2.5
Selling Terms
Cash, Conventional, Exchange, Private, Other

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Listing courtesy of Invest St. Louis.

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