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5001 South Grand Boulevard

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Address: 5001 S Grand Blvd, St. Louis, MO 63116, USA

Chicago & Midwest + Apartment Buildings

Created date: August 13, 2024

Date last updated: March 13, 2025

Incredible mixed-use building
3 Retail spaces, 8 - studios and 8 - 1 bd/1bth units
12.27% In-Place Cap Rate
Several updates include:
High efficiency boiler
Newer coated roof
New windows
Tuck pointing
All but one stack has been replaced
75% of the units have been updated, updates include:
Kitchen
Bath
Flooring throughout

Property Description

Salient Realty Group is pleased to present this exceptional mixed-use property 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 12.14% in-place cap rate, this property is a solid income-generating asset. 5001 South Grand is part of a three-property portfolio that includes Westview Terrace (19 apartments) and Rock Creek Manor (23 apartments) - All properties combine for a total of 58 apartments and 3 commercial spaces. THIS PROPERTY CAN BE PURCHASED INDIVIDUALLY.

Available

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Broker Details

Timothy McCarthy

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:	$940,000
No. of Units:	19
Year Built:	1930
Opportunity Zone:	No
Price per unit:	$49,474
Property Website	Click Here