5001 South Grand Boulevard
- Incredible mixed-use building
- 3 Retail spaces, 8 - studios and 8 - 1 bd/1bth units
- 17.04% Pro-Forma Cap Rate
- 75% of Units Have Been Renovated
- Updated Utility Systems
- New Windows and Tuck Pointing
- Newly Coated Roof
Property Description
Salient Realty Group is pleased to present this exceptional mixed-use property which offers a unique opportunity for investors looking for a blend of commercial and residential income streams. The building features three retail spaces on the ground floor, alongside a total of 16 residential units, including eight studio apartments and eight 1-bedroom, 1-bath units. With a 17.04% pro-forma cap rate, this property is a solid income-generating asset.Broker Details
Salient Realty Group 314-208-2395
MLS ID: MMILLSLA State License Number: 2024031548
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $850,000 |
| No. of Units: | 19 |
| Year Built: | 1930 |
| Opportunity Zone: | No |
| Price per unit: | $44,737 |
| Property Website | Click Here |
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