1245 North South Blvd Street
1245 North South Blvd Street
$3,350,000
—
33,000
33,000
$102
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.
- Listed by Michael Zangara • Apartment Advisors of America
Property Details for 1245 North South Blvd Street
Cross Street
Olive Street
Location
LISTING UPDATED: 05/20/2024 09:05 AM
Property Details for 1245 North South Blvd Street
Status | Active |
---|---|
MLS # | 24030794 |
Days on Market | 18 |
Taxes | $20,259 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Commercial Sale / Multi-Family 5+ |
Year Built | 1960 |
Lot Size | 1.76 AC / 76,666 SF |
County | St. Louis County |
Location
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
The Payment Calculator is for illustrative purposes only.
Property Information for 1245 North South Blvd Street
Property History for 1245 North South Blvd Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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 | ||
Agape' Academy & Child Development Center PrivatePK to 4 |
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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