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    3910 Lindell

    St Louis, MO 63108
    • $795,000
    • STATUS: Active
    • ON SITE: 254 days
    • ID#: 20054198
    UPDATED: 40 min ago
    $795,000
    • 0
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 15,132
      SQFT
    • $53
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1898
    County:
    Area:

    School Ratings & Info

    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

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    Listing information © 2021 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2021-04-11T22:48:55.52.

    Realty Executives, Fort Leonard Wood LLC: 573-336-2206
    www.leonardwoodhomes.com/homes/108388037
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    3910 Lindell St Louis, MO 63108

    • Price: $795,000
    • Status: Active
    • Updated: 40 min ago
    • ID#: 20054198
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    15,132
    SQFT
    $53
    $/SQFT
    1898
    Built
    Neighborhood:
    Lindell Add 02
    County:
    St Louis City
    Area:
    Central West
    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
    Exterior Features

    Building Type 3 Stories Or More Construction Conventional Exterior Brick Land Info Included Lot Dimensions 214'X50'x214'x50' Parking Description Parking Lot Parking Spaces 12 Road Access City Street Road Frontage 50 Unit Location City

    Interior Features

    Cooling Central-Electric Heating Forced Air Interior Walls Unfinished Miscellaneous Alley

    Property Features

    Association St. Louis Association of REALTORS Commercial Property Type Commercial LandMulti-Family LandRetailSpecial Purpose/Use Conditions Unknown Current Use N/A Disclosures No Other Known RestrOthr-Call List Agent Electric Service Other Gross Operating Income 0.00 Lease Terms None Lot Size Source County Records Net Income 0.00 Offering Sale Possession At Closing Possible Buyer Fees YN No Sale Includes Building & Land Selling Terms CashConventionalExchangePrivateOther Sewer Public Special Listing Conditions None Square Footage Source County Records Tax Year 2019 Taxes Paid 13496 Total Expenses 0.00 Utilities Available CableElectricGasWaterSewer Water Public Zoning Ofc Bldg

    Listing provided courtesy of Invest St. Louis. Listing information © 2021 Mid America Regional Information Systems, Inc.
    Listing information © 2021 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2021-04-11T22:48:55.52.

    Realty Executives, Fort Leonard Wood LLC: 573-336-2206
     
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    Realty Executives, Fort Leonard Wood LLC
    920 Missouri Ave.
    St Robert MO, 65584