Florinda Court 6 3911 Castleman Ave 6 Unit Apartment Building $1,238,062 CAD ($206,344 CAD/Unit) 6.70% Cap Rate Saint Louis, MO 63110
INVESTMENT HIGHLIGHTS
- Beautiful, Renovated Historic 6 Unit Building
- In-unit Laundry and Central HVAC in All Units
- Near SLU, Tower Grove Park, Botanical Gardens, etc
- Solid In-Place Rents w/ Room to Raise to Market
- Fully Updated Systems - Electrical, Plumbing
- All Two Bed, One Bath Units
EXECUTIVE SUMMARY
Prime investment opportunity in the heart of the Shaw neighborhood with close proximity to SLU, Tower Grove Park, The Botanical Gardens and many wonderful dining and entertainment options. This beautifully renovated building features six renovated units. All units have in-unit laundry and central HVAC. The building has updated electrical, plumbing and HVAC systems. Rents are stabilized but have significant upside if a new owner decides to do some cosmetic updates.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $1,238,062 CAD |
| Price Per Unit | $206,344 CAD |
| Sale Type | Investment |
| Cap Rate | 6.70% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 4,200 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1911/1990 |
| Zoning | R3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Disposal
- Washer/Dryer
- Heating
- Kitchen
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | - | 700 |
1 of 1
Walk Score®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 4944-00-0210-0 | Improvements Assessment | $76,820 CAD |
| Land Assessment | $5,026 CAD | Total Assessment | $81,845 CAD |
