Description
Salient Realty Group is pleased to present this opportunity to acquire 3515 Magnolia, a 12 unit apartment building located in heart of the highly desirable Tower Grove South neighborhood of St. Louis City. The building consists of 12, 1 bed / 1 bath units. Three of the twelve units have been renovated with updated flooring, kitchens and baths. The property has 12 off street parking spaces, a rare features for properties in the area. The average rent is currently well below market at $690 and similar units in the area are renting for $825 - $850, this presents a tremendous value add opportunity. Tower Grove East has one of the strongest rental markets in St. Louis City. The property is walkable to Tower Grove Park and the South Grand district which is home to many restaurants, bars, and shops.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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7,800SQFT
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$119$/SQFT
School Information
Description
Salient Realty Group is pleased to present this opportunity to acquire 3515 Magnolia, a 12 unit apartment building located in heart of the highly desirable Tower Grove South neighborhood of St. Louis City. The building consists of 12, 1 bed / 1 bath units. Three of the twelve units have been renovated with updated flooring, kitchens and baths. The property has 12 off street parking spaces, a rare features for properties in the area. The average rent is currently well below market at $690 and similar units in the area are renting for $825 - $850, this presents a tremendous value add opportunity. Tower Grove East has one of the strongest rental markets in St. Louis City. The property is walkable to Tower Grove Park and the South Grand district which is home to many restaurants, bars, and shops.
Listing information © 2023 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2023-02-07T19:39:20.767.
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Listing provided courtesy of Salient Realty Group, Llc: 3743687. Listing information © 2023 Mid America Regional Information Systems, Inc.