$1,350,000
4432 Olive Street
St Louis, MO 63108 · MLS#: 26066224
Listing brokerage: Salient Realty Group, LLC · 314-374-3687 · Agent: Timothy McCarthy
About this home
4432-4434 Olive presents a prime investment opportunity in the heart of St. Louis' prestigious Central West End neighborhood. The property consists of 8 apartments. The property underwent a total and complete redevelopment in late 2012. All systems were updated or installed at that time. This results in a fully updated building with modern finishes that retains its historic charm which tenants desire. Each unit is a large 2 bed & 2 bath unit with in unit laundry. The rear of the property has a secure eight car parking lot. The property not only offers strong in place financial performance but also allows for significant appreciation through raising rents to market. This is truly an amazing opportunity in the City's premier Central West End neighborhood, with significant upside. Another strategy is to convert the units to condos for resale. The immediate area has multiple sale comparables that average $285,000 for a 2 bed, 2 bath unit. This provides a very lucrative exit strategy.
Property details
- County
- St Louis City
- Subdivision
- Euclid Place Amd Sub
- Lot size
- 0.1779 acres
- Days on market
- 0
- Annual taxes
- $11,670
- Heating
- Forced Air
- Cooling
- Central Air
- Basement
- 8 ft + Pour
- Style
- Other
Schools
- School district
- St. Louis City
- Elementary
- Hickey Elem.
- Middle
- Yeatman-Liddell Middle School
- High
- Sumner High
Location
Listing courtesy of Salient Realty Group, LLC · MLS#: 26066224. Data provided by MARIS MLS; deemed reliable but not guaranteed.
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