5400 Delmar Place Court, St Louis, MO 63112
- $720,000
- List Price
- $720,000
- Days on Market
- 78
- MLS#
- MAR23001631
- Status
- ACTIVE
- Subdivision
- Delmar Place Twnhse
- Municipality
- St. Louis City
- Property Type
- Land
- County
- St Louis City
- Lot Size
- 30,492
- Acres
- 0.70
- School District
- St. Louis City
Property Description
Would make an excellent investment for 1031 exchange proceeds. Opportunity to purchase 16 building lots in gated development overlooking the mansions on Washington Terrace and next to the Central West End and Forest Park. Lots are fully improved with all infrastructure in place including water, sewer, electric, and private gated street. Zoning is E. Multi-Family Residential and would be ideal for luxury Town Homes. The 16 Fee Simple lots are part of the 40 lot Delmar Town Home Association that has been approved by the city of St. Louis Building Division and Cultural Resources. Potential to split the 16 lot package into 2 and 4 lot packages at $45,000 a lot. Professional appraisal in 2021 valued lots at $57,000 each. In 2022, a package of four lots sold for $45,000 per lot ($180,000). Short term seller financing available to qualified buyers.
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Additional Information
- Elementary School
- Ford-Ford Br. Elem. Comm. Ed.
- Jr. High School
- Langston Middle
- Sr. High School
- Sumner High
- Lot Dimensions
- 606x157
- Taxes Paid
- 6742
- Selling Terms
- Cash Only, Conventional, Exchange, Owner May Finance, Private, Other
- Transaction Agent Commission
- 2.7
- Buyers Agent Commission
- 2.7
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Listing courtesy of Invest St. Louis.
Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange. Information From Third Parties, Deemed Reliable But Not Verified
