Price Upon Request
Commercial Property for Sale in South Holland Illinois 60473
South Holland, Illinois
Soft OfferCommercial Property for Sale in St. Louis Missouri 63138
1342 N Garden Dr, St. Louis, Saint Louis, Missouri 63138
$4,950,000
$38 / sq ft Listed Nov 1, 2024
131,290 sqft
Building
131,290 sqft
Lot
1968
Built
2
Stories
144
Units
Class B
Class
About this property
Commercial Property for Sale in St. Louis Missouri 63138 is a multifamily for sale in Saint Louis, Missouri, listed at $4,950,000. Key details: year built 1968, building size 131,290 sqft, lot size 131,290 sqft, stories 2. Listed by Chris Maling of Avison Young on LoopingCloud and last updated November 1, 2024.
Avison Young is pleased to present the opportunity to acquire Timber Ridge Apartments. The multi-family complex has 144, two (2) bed, one (1) bath apartments that can suit a wide variety of necessities. In addition, the property features ample parking allowing easy access for all residents. Lender Foreclosure - potential investors should be aware the Lender acquired the property via a foreclosure. As a result, property is being sold in “As-Is” condition with no representations and warranties. During their short term of ownership, the Lender has started making units in rent-ready condition and leasing the units. This is an excellent opportunity for an investor to increase occupancy and take advantage of the housing demand for multi-family units in this marketplace.
Key highlights
- Abundant parking
Lending Opportunities
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Property details
Key facts
- Year Built
- 1968
- Building Size
- 131,290 sqft
- Lot Size
- 131,290 sqft
- Stories
- 2
- Total Units
- 144
- Building Class
- Class B
- Occupancy
- 90%
- Property Status
- Normal Sale
- Building Status
- Existing
Pricing details
- Financing
- Third Party Financing
- Investment Property
- Active investment property
Investment snapshot
$38
Price per sq ft
Acquisition options
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $4,950,000 | 11.91% | - | - | - |
Features and amenities
Property Features
- Abundant parking
Highlights
- 18 multi-family buildings with a cumulative ±131,290 SF of residential space, on ±6.07 AC of land
- Property features 144 units, each of them is two (2) bed and one (1) bath
- Low Price Per unit at only $34,375 per unit, Proforma Cap Rate with 10% vacancy is 11.91%
- Property is located within one (1) mile of national credit tenants including Circle K, McDonald’s, Burger King, CVS, Dollar Tree and more
- Close proximity to Interstate 270 and Highway 367
Location
Address as shown by the lister.
Get directionsAbout this area - Saint Louis
- Population
- 21,879
- Housing units
- 9,038
- Land area
- 18.0 sq mi
- County
- Saint Louis
Neighborhood
Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.
Documents, links and contacts
Frequently asked questions
What is the asking price of Commercial Property for Sale in St. Louis Missouri 63138?
Commercial Property for Sale in St. Louis Missouri 63138 is listed at $4,950,000. That works out to about $38 per square foot.
Where is Commercial Property for Sale in St. Louis Missouri 63138 located?
The property is in 1342 N Garden Dr, St. Louis, Saint Louis, Missouri 63138, Saint Louis County.
What type of property is this?
This is a multifamily for sale in the commercial category.
How big is the property?
The building is 131,290 sqft. The lot is 131,290 sqft.
Is financing available?
The lister indicates: Third Party Financing.
Who do I contact about this listing?
Chris Maling of Avison Young listed this property. Use the Request Info button to send a message or call +1 (213) 618-3824.
When was this listing published?
It was published on November 1, 2024 and last updated on November 1, 2024.
Listing information
- Listing ID
- CL-Missouri-12673
- Published
- Nov 1, 2024
- Last updated
- Nov 1, 2024
- Views
- 233
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