1245 North South Blvd Street

St. Louis, MO 63130

$3,350,000
Price
Beds
33,000 Sq. Ft.
$102 / Sq. Ft.
33,000
Sq. Ft.
$102
per Sq. Ft.

Description

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,...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.
  1. Listed by Michael Zangara • Apartment Advisors of America

Property Details for 1245 North South Blvd Street

Cross Street
Olive Street

Location

Listing Courtesy of Apartment Advisors of America
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LISTING UPDATED: 05/20/2024 09:05 AM

Property Details for 1245 North South Blvd Street

StatusActive
MLS #24030794
Days on Market18
Taxes$20,259 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi-Family 5+
Year Built1960
Lot Size1.76 AC / 76,666 SF
CountySt. Louis County

Location

Listing Courtesy of Apartment Advisors of America
Add your commute

Building Information for 1245 North South Blvd Street

Stories-Residences32Year Built1960Building Size-Lot Size1.76 AC / 76,666 SF

Payment Calculator

$19,971 per month

30 year fixed, 7.25% Interest

Principal and Interest

$18,282

Property Taxes

$1,688

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1245 North South Blvd Street

Summary
Location and General Information
  • City: St Louis
  • County Or Parish: St Louis
  • Directions: From Clayton take 170 North, East on Olive, North on N & South Rd. The property is on the left hand side of street
  • Latitude: 38.673856
  • Longitude: -90.337253
  • Location: Suburban
  • Postal Code: 63130
  • State Or Province: MO
  • Sub division Name: NA
Taxes and HOA Information
  • List AOR: St. Louis Association of REALTORS
  • Association Fee: $.00
  • Association Fee Frequency: None
  • Prop Asses City Tax: 0
  • Parcel Number: 17k-64-0589
  • Tax Annual Amount: $20,259.00
  • Tax Year: 2023
Owner
  • Township: University City
  • Owner Name: NA
Parking
  • Attached Garage: No
  • Parking Features: Accessible Parking, Parking Garage, Parking Lot
School Information
  • Elementary School: Flynn Park Elem.
  • High School: University City Sr. High
  • High School District: University City
  • Middle Or Junior School: Brittany Woods
Property
Lot Information
  • Lot Size Acres: 1.76
  • Lot Size Dimensions: 0x0
  • Lot Size Source: County Records
  • Lot Size Square Feet: 76666.0
  • Property Sub Type: Multi-Family 5+
  • Builder Model: Low/1-2
  • Property Type: Commercial Sale
Property and Assessments
  • Above Grade Finished Area: 33000.0
  • Above Grade Finished Area Source: Public Records
  • Documents Count: 0
  • Photos Count: 10
  • Videos Count: 0
  • Year Built: 1960
  • Disclosures: Unknown,Flood Plain No,Othr-Call List Agent
  • Age: 64
  • Construction Materials: Brick Veneer, Fl Brick/Stn Veneer
  • Ownership Type: Private
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Heat Source: Electric
  • Cable Available: 1
  • Cooling: Electric
  • Heating: Forced Air
  • Heating YN: Yes
  • Laundry Features: Coin Operated, Common Laundry
Multi Family
Multi-Family Information
  • Number Of Units Total: 32
  • TYPE: Apartment Complex,Apt Bldg/Interior En,Townhouse
  • Two Bed Unit Baths: 1 Per Unit
  • Two Bed Unit Includes: 7 Rooms or More,Dishwasher,Laundry/Utility,Refrigerator,Range/Oven
  • Two Bed Unit Rent: 1015
  • Two Bed Unit Units: 28
  • Three Bed Unit Baths: 1 1/2 Per Unit
  • Three Bed Unit Includes: 8 Rooms or More,Kitchen W/Brkfst,Dishwasher,Eat-In Kitchen,Laundry/Utility,Refrigerator,Range/Oven
  • Three Bed Unit Rent: 1057
  • Three Bed Unit Units: 4
Income & Expenses
  • Net Operating Income: $276,427.00
  • Total Expenses: 106380.00
Rental
Rent Information
  • Lease Term: Leases
  • Tenant Pays: Cable TV, Electricity, Gas

Property History for 1245 North South Blvd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1245 North South Blvd Street

This home is within University City School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Private - PK to 4
Rating
School
Distance
Barbara Jordan Elementary School
PublicK to 5

Brittany Woods
Public6 to 8

University City Sr. High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1245 North South Blvd Street is a multi-family home for sale in St. Louis, MO 63130. This property was listed for sale on May 14, 2024 by Apartment Advisors of America, it's currently listed at $3,350,000. This listing's school district is University City School District. Nearby schools include Barbara Jordan Elementary School, Brittany Woods and University City Sr. High School. 1245 North South Blvd Street is a 0-bed, 0-bath, 33,000 sqft multi-family home built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Apartment Advisors of America

Based on information from one of the following Multiple Listing Services: MARIS, Bagnell Dam Association of REALTORS . Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MARIS, Bagnell Dam Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.