3717 Westminster Place, St Louis, MO 63108
- $1,895,000
- 10,870
- SqFt
- List Price
- $1,895,000
- Days on Site
- 0
- MLS#
- 26066527
- Status
- ACTIVE
- Living Sq. Ft
- 10,870
- Lot Size
- 15,002
- Acres
- 0.34
- Year Built
- 1896
- Subdivision
- Cb 3926
- Municipality
- St. Louis City
- County
- St Louis City
- Year Built
- 1896
- Listing Type
- Multifamily
Property Description
3717 Westminster Place presents an opportunity to acquire a 17unit multifamily property offering strong in-place cash flow with additional upside in one of St. Louis’ most active urban corridors. The property is being offered at a 7.16% in-place cap rate with an 8.36% proforma cap rate, providing investors attractive current returns with the opportunity to further grow NOI. The property was fully redeveloped in 2008 and then underwent further updates in 2022/2023. Ideally positioned just minutes from Saint Louis University and City Foundry STL, the property benefits from proximity to some of the city’s largest education, employment, medical, dining, and entertainment destinations. Nearby anchors include Cortex Innovation Community, Washington University Medical Campus, Barnes-Jewish Hospital, and the Armory. With 17 units, strong in-place returns, additional rental upside, and a location near SLU and City Foundry, 3717 Westminster Place offers investors an opportunity to acquire meaningful scale in a well-established St. Louis rental corridor.
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Additional Information
- School District
- St. Louis City
- Elementary School
- Buder Elem.
- Jr. High School
- Blewett Middle
- Sr. High School
- Sumner High
- Parking Description
- Off Street
- Cooling
- Central Air
- Heating
- Forced Air
- Selling Terms
- Cash, Contract
Listing courtesy of Timothy McCarthy. Salient Realty Group, LLC
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