Details for Listing #23040709

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Listing ID: 23040709
Status: Active
Type: Commercial Sale
Square Foot: 75600
Lot Size/Acres: 3.89
County: St Louis City
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Property Details

Park Vue Flats is a newly renovated complex is in the historic South Side of St. Louis City, adjacent to the beautiful 27-acre campus of St. Mary’s High School. This property is in the final stages of an extensive, years-long renovation. It’s a like-new apartment complex with significant value-add potential. The complex comprises 84 fully updated apartments with 168 bedrooms. There are (52) 2-bed/1,5 bath units and (32) 2-bed/1.5 bath units with private patios. 2-bed/1.5 bath units now rent for $1,100 plus $36 utility fee. 2-bed/1.5 bath units with private patios now rent for $1,200 plus $36 utility fee. Units have been completed, the seller is completing landscaping, adding a playground, and dog park. Occupancy is currently 92.9%. Property is located in an opportunity zone. Potential to increase the value of the property by raising rents to current market rates at renewal, and also adding fees for parking, pets, and tenant storage. Can be purchased with One Loop Apartments.

Year Built / Age: 1962
Listing Status: Active

Listed by: Invest St. Louis

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