3717 Westminster Place

About this home

3717 Westminster Place presents an opportunity to acquire a 17unit multifamily property offering strong in-place cash flow with additional upside in one of St. Louis’ most active urban corridors. The property is being offered at a 7.16% in-place cap rate with an 8.36% proforma cap rate, providing investors attractive current returns with the opportunity to further grow NOI. The property was fully redeveloped in 2008 and then underwent further updates in 2022/2023. Ideally positioned just minutes from Saint Louis University and City Foundry STL, the property benefits from proximity to some of the city’s largest education, employment, medical, dining, and entertainment destinations. Nearby anchors include Cortex Innovation Community, Washington University Medical Campus, Barnes-Jewish Hospital, and the Armory. With 17 units, strong in-place returns, additional rental upside, and a location near SLU and City Foundry, 3717 Westminster Place offers investors an opportunity to acquire meaningful scale in a well-established St. Louis rental corridor.

Property details

County

St Louis City

Subdivision

Cb 3926

Lot size

0.3444 acres

Days on market

0

Annual taxes

$17,023

Heating

Forced Air

Cooling

Central Air

Basement

9 ft + Pour

Appliances

Stainless Steel Appliance(s)

Style

Historic, Mid-Rise 3or4 Story, Victorian

Schools

School district

St. Louis City

Elementary

Buder Elem.

Middle

Blewett Middle

High

Sumner High

Location