4432 Olive Street
Property Description
4432-4434 Olive presents a prime investment opportunity in the heart of St. Louis' prestigious Central West End neighborhood. The property consists of 8 apartments. The property underwent a total and complete redevelopment in late 2012. All systems were updated or installed at that time. This results in a fully updated building with modern finishes that retains its historic charm which tenants desire. Each unit is a large 2 bed & 2 bath unit with in unit laundry. The rear of the property has a secure eight car parking lot. The property not only offers strong in place financial performance but also allows for significant appreciation through raising rents to market. This is truly an amazing opportunity in the City's premier Central West End neighborhood, with significant upside. Another strategy is to convert the units to condos for resale. The immediate area has multiple sale comparables that average $285,000 for a 2 bed, 2 bath unit. This provides a very lucrative exit strategy.
Broker Details
Salient Realty Group 314-451-7145
MLS ID: TMCCARTH State License Number: 2019034093
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,350,000 |
| No. of Units: | 8 |
| Year Built: | 1897 |
| Lot Size: | 9,402.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $168,750 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 2 |
ID: 3yd-MARISMO-26066224
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