Sold
1245 North & South Boulevard
St Louis MO, 63130
Price upon request
Sold
33,000 sqft
Commercial
Built in 1960
Forest Grove Apartments is a 32 unit apartment community comprised of 28-two bedroom units and 4-three bedroom units with average rents of $1,020 per month. The Property offers plenty of upside potential to generate an additional $4,000 per month in revenue based on current in place rents. The owner has completed numerous capital improvements, including: new roofs, new gutters, deck replacement, parking lot repaving/striping, new flooring in stairwells, new exterior paint, all new electrical panels, updated laundry facility and several HVAC replacements within the last 24 months. Forest Grove is a low maintenance, turn-key investment opportunity that would be perfect for a seasoned investor or a new Buyer looking for a great opportunity. Additionally, the surrounding area has a ton of new development and employment. Forest Grove Apartments is located near the new (50 acre, $211-million) "Market at Olive Development" located at Interstate 170 and Olive Blvd.
24030794
MLSⓇ ID
May 14, 2024
Listed
August 23, 2024
Updated
Map
1245 North & South Boulevard
St Louis MO, 63130
Interior Features
Laundry Description
Coin Operated, Common Laundry
Fireplace
No
Cooling
Yes
Cooling Description
Electric
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
1.76 Acres
Sewer
Public Sewer
School Information
School District
University City
High School
University City Sr. High
Elementary School
Flynn Park Elem.
Other Property Details
Area Name
University City
Taxes
$20,259
Tax Frequency
Annually
Days on Market
98
Garage
No
Parking
Accessible Parking, Parking Garage, Parking Lot
View
No
County
St Louis
Municipality
University City
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
---|---|---|
8/23/2024 | Sold | — |
8/20/2024 | Pending | — |
Courtesy of Apartment Advisors of America, Michael A Zangara
Listings displaying the MARIS logo are courtesy of the participants of MO - Mid America Regional Information Systems (MARIS) Internet Data Exchange. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Kim Jones shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 All rights reserved.