Sold

1245 North & South Boulevard

St Louis MO, 63130

Price upon request


Sold

33,000 sqft

Commercial

Built in 1960

Forest Grove Apartments is a 32 unit apartment community comprised of 28-two bedroom units and 4-three bedroom units with average rents of $1,020 per month. The Property offers plenty of upside potential to generate an additional $4,000 per month in revenue based on current in place rents. The owner has completed numerous capital improvements, including: new roofs, new gutters, deck replacement, parking lot repaving/striping, new flooring in stairwells, new exterior paint, all new electrical panels, updated laundry facility and several HVAC replacements within the last 24 months. Forest Grove is a low maintenance, turn-key investment opportunity that would be perfect for a seasoned investor or a new Buyer looking for a great opportunity. Additionally, the surrounding area has a ton of new development and employment. Forest Grove Apartments is located near the new (50 acre, $211-million) "Market at Olive Development" located at Interstate 170 and Olive Blvd.

24030794

MLS ID

May 14, 2024

Listed

August 23, 2024

Updated

Map

1245 North & South Boulevard
St Louis MO, 63130

Interior Features

Laundry Description

Coin Operated, Common Laundry


Fireplace

No


Cooling

Yes


Cooling Description

Electric


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

1.76 Acres


Sewer

Public Sewer

School Information

School District

University City


High School

University City Sr. High


Elementary School

Flynn Park Elem.

Other Property Details

Area Name

University City


Taxes

$20,259


Tax Frequency

Annually


Days on Market

98


Garage

No


Parking

Accessible Parking, Parking Garage, Parking Lot


View

No


County

St Louis


Municipality

University City


Water Source

Public


Pool

No

Listing History

Date

Event

Price

8/23/2024

Sold

8/20/2024

Pending

Courtesy of Apartment Advisors of America, Michael A Zangara

Listings displaying the MARIS logo are courtesy of the participants of MO - Mid America Regional Information Systems (MARIS) Internet Data Exchange. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor SVOBODA SHELL shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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