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4054-64 S. Grand & 3465-67 Gasconade 4054 S Grand Blvd 24 Unit Apartment Building $1,420,910 CAD ($59,205 CAD/Unit) Saint Louis, MO 63118
Investment Highlights
- Attractive rental market with a high demand for studio, 1-bedroom, and 2-bedroom units among working professionals and families in the area.
- Beautiful historic buildings restored to maintain their original character and charm.
- Ideal for portfolio expansion.
- Value-add opportunity by continuing to update units to push rents during new ownership period.
- Properties are located in a historic and vibrant neighborhood located in South St. Louis City, experiencing a period of revitalization
- Priced well below replacement cost.
Executive Summary
CBRE is pleased to present the opportunity to acquire 4054-64 S. Grand & 3465-67 Gasconade (the “Properties”), a 24-unit, two property offering situated in St. Louis, Missouri.
Historic Properties in Prime Location
Located in the heart of the Dutchtown neighborhood, 4054-64 S. Grand & 3465-67 Gasconade offers a unique blend of historic charm and modern convenience. Constructed in 1926, these properties feature stunning historic architecture with updated interiors, providing a unique living experience for residents.
Strategic Location
4054-64 S. Grand & 3465-67 Gasconade is strategically located in the heart of the Dutchtown South neighborhood of St. Louis, offering residents convenient access to key parts of the city. This area is well-connected by major roads and public transit, making it easy to reach downtown St. Louis, which is just a short drive away. The location is ideal for professionals, with proximity to major employers such as hospitals, schools, and universities—including Saint Louis University and Harris-Stowe State University, both within a 10-minute drive.
Investment Opportunity
The Dutchtown submarket has a history of phenomenal occupancy, making these properties an attractive investment opportunity. With the potential to push rents through the new ownership period, these well-performing assets offer a stable source of income and a chance to capitalize on the area’s growing demand for housing.
Historic Properties in Prime Location
Located in the heart of the Dutchtown neighborhood, 4054-64 S. Grand & 3465-67 Gasconade offers a unique blend of historic charm and modern convenience. Constructed in 1926, these properties feature stunning historic architecture with updated interiors, providing a unique living experience for residents.
Strategic Location
4054-64 S. Grand & 3465-67 Gasconade is strategically located in the heart of the Dutchtown South neighborhood of St. Louis, offering residents convenient access to key parts of the city. This area is well-connected by major roads and public transit, making it easy to reach downtown St. Louis, which is just a short drive away. The location is ideal for professionals, with proximity to major employers such as hospitals, schools, and universities—including Saint Louis University and Harris-Stowe State University, both within a 10-minute drive.
Investment Opportunity
The Dutchtown submarket has a history of phenomenal occupancy, making these properties an attractive investment opportunity. With the potential to push rents through the new ownership period, these well-performing assets offer a stable source of income and a chance to capitalize on the area’s growing demand for housing.
Data Room Click Here to Access
Property Facts
| Price | $1,420,910 CAD | Building Class | C |
| Price Per Unit | $59,205 CAD | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 14,065 SF |
| No. Units | 24 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1926 |
| Property Subtype | Apartment | Parking Ratio | 1.42/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | F | ||
| Price | $1,420,910 CAD |
| Price Per Unit | $59,205 CAD |
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 14,065 SF |
| No. Stories | 3 |
| Year Built | 1926 |
| Parking Ratio | 1.42/1,000 SF |
| Zoning | F |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 24 | - | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2593-00-0270-7 | Improvements Assessment | $67,820 CAD |
| Land Assessment | $9,236 CAD | Total Assessment | $77,056 CAD |
Property Taxes
Parcel Number
2593-00-0270-7
Land Assessment
$9,236 CAD
Improvements Assessment
$67,820 CAD
Total Assessment
$77,056 CAD
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4054-64 S. Grand & 3465-67 Gasconade | 4054 S Grand Blvd
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