Undisclosed Address

St Louis, MO, 63108

$5,700,000

$182 per ft²
$5,700,000
$182 per ft²
Active
Active
 - For Sale
carpenters-square
31,239 ft²
property_type
Multi-family
calendar
Built 1922
Attention value-add buyers! - rare opportunity to own one of the last remaining value-add high-rise buildings in the Central West End, situated on prestigious Lindell Boulevard. The Leonardo underwent a gut-rehab in the 1980's so all the building systems are modern - plumbing, electric, elevator, windows, drywall finishes. The value-add is an easy kitchen/bath/flooring/lighting/ laundry remodel. Occupancy hovers near 100% so you'll have stable rental income while unit upgrades are completed. Plus, a new elevator and new roof eliminate 2 of the largest rehab costs from your budget. The Leonardo has 2 ground floor office spaces (leased), 34 apartments (17 one bed and 17 two bed), plus a rooftop cell tower earning $1,342/mo. All-electric building with separate furnaces and water heaters keep the owner costs down. Midway between Forest Park & Barnes/Jewish/Childrens hospitals 6 blocks west and St. Louis University to the east. Upper floors have unobstructed, breathtaking views.
MLS® ID:
22056771
Updated:
10/3/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Common Laundry
Cooling
Electric
Heating
Forced Air, Individual Furnaces

Exterior/Building Features

Lot Size
0.28 acres lot
Sewer
Public Sewer

School Information

School District
St. Louis City
High School
Sumner High
Middle/Jr High
L'Ouverture Middle
Elementary School
Pamoja Prep / Cole

Other Property Details

Area Name
Central West
Taxes
$30496
Tax Frequency
per YEAR
Garage
No
Parking
Other, Parking Lot, Security Parking
View
N
County
St Louis City
Water Source
Public
Pool
No

Courtesy of RE/MAX Results

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