3910 Lindell, St Louis, MO 63108 (MLS # 20054195)


Price $795,000
Status Active
Beds 0
Baths 0 Bath
Home size 15,132 sqft
Lot Size 10,673 sqft
Days on Market 12
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 and high rents for student housing make this an attractive conversion. Spec drawings and renderings are available for 18 apartments with (15) one bedroom and (3) two bedroom apartments. Market rent for updated 1 beds close by renting from $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 the net income could range from $121,932-$186,732 annually. Located in an opportunity zone. Rear parking lot with 12 spaces. Also available for $295,000 is an adjacent parking lot at 3909-11 West Pine with approximately 33 parking spots.
Property Type(s): Multi Family
Last Updated 7/31/2020 Tract Lindell Add 02
Year Built 0 Community Central West
County St Louis City

SCHOOLS

School District St. Louis City
Elementary School Dunbar and Br.
Jr. High School Yeatman-Liddell Middle School
High School Vashon High

Additional Details

AIR Central-Electric
AIR CONDITIONING Yes
AREA Central West
CONSTRUCTION Brick/Stone Msn Pred
HEAT Electric, Forced Air
HOA DUES 0
LOT 10672 sq ft
LOT DIMENSIONS 214'x50'x214'x50'
PARKING Parking Lot
SEWER Public
SUBDIVISION Lindell Add 02
TAXES 13496
WATER Public,Gas

Location

 

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