4340 Maryland Avenue, St Louis, MO 63108

$8,950,000
List Price
$8,950,000
Days on Market
100
MLS#
MAR22055662
Status
ACTIVE
Lot Size
31,716
Acres
0.73
Subdivision
Peter Lindells 2nd Add
Municipality
St. Louis City
School District
St. Louis City
County
St Louis City
Year Built
1966
Listing Type
Commercial

Property Description

Extremely rare opportunity to purchase a true "value add" investment with stabilized cash flows in the Central West End. Maryland Lofts is a 54 unit multi-family property consisting of 18 lofted 1br units and 36 efficiency apartments. The 1br apts are two story lofted units, and are very unique (13 have updated kitchens & w/d in unit). The efficiency units are highly sought after by young professionals and are simple and cost effective to turn. The property has been over 95% occupied for the past 10 years. The building also has additional neighborhood security provided by the Cathedral, and "TCF" (The City's Finest). A separate police dept within the city of St. Louis that services the Cathedral and surrounding area. Maryland Lofts was constructed in 1966 (copper wiring) and features solid brick construction with pitched roof's. The property was gut rehabbed in the 2000's, forced heat, central air, newer plumbing, new electric, windows, drywall, and a new storm sewer system

Additional Information

Elementary School
Adams Elem.
Jr. High School
Blewett Middle
Sr. High School
Roosevelt High
Construction
Brick
Parking Description
Parking Lot
Lot Dimensions
151x214
Cooling
Electric
Sewer
Public Sewer
Heating
Forced Air
Water
Public
Heat Source
Electric
Taxes Paid
53697
Selling Terms
Cash Only, Conventional
Transaction Agent Commission
1
Buyers Agent Commission
1

Mortgage Calculator

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Listing courtesy of St. Louis Apartment Experts.

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