4166 Lindell Boulevard
St Louis, MO 63108
Listed: October 2, 2024 (81 days)
Text for showing or question.

$3,995,000
MLS# 24062360
Commercial Sale
Status: Active

4166 Lindell Boulevard
St Louis, MO 63108

$3,995,000
Status: Active
Text for showing or question.

Bedrooms

Beds

Bathrooms

Bath

Sq Ft Above Grade

Sq Ft

0.278
Acres

MLS# 24062360

Days On Market: 81

Listed: Wednesday October 2, 2024 (81 days)

Times this home has been viewed: 359

Extremely rare 36 unit gut rehabbed apartment complex in the heart of the Central West End. Walk to SLU, Wash U, Barnes/BJC, Forest Park and much more. The building is an even split: 17 1 beds and 17 2 beds + 2 extra offices or studio units on the first floor. The buildings were completely gutted in the 80's while preserving tons of historic charm. All of the systems have been updated: new PVC, copper pipes, forced heat/central air, a brand new elevator a few years back and a drywall finish throughout. The apartments are spacious with an open floor plan, large balcony and an unobstructed view of the arch, forest park or cathedral basilica. The property with in-place NOI (320,000) is north of an 8 Cap; the building stays 100% leased with mostly international students from SLU. Current rents are about $350 below market; Add some personal touches, update kitchens & baths or just cash your rent checks – perfect value for someone looking to live & invest in a Class A neighborhood.

Property Description

Photo: 3