Sold
3515 Magnolia
St Louis MO, 63118
Price upon request
Sold
7,800 sqft
Commercial
Built in 1966
Salient Realty Group is pleased to present this opportunity to acquire 3515 Magnolia, a 12 unit apartment building located in heart of the highly desirable Tower Grove South neighborhood of St. Louis City. The building consists of 12, 1 bed / 1 bath units. Three of the twelve units have been renovated with updated flooring, kitchens and baths. The property has 12 off street parking spaces, a rare features for properties in the area.
The average rent is currently well below market at $690 and similar units in the area are renting for $825 - $850, this presents a tremendous value add opportunity. Tower Grove East has one of the strongest rental markets in St. Louis City. The property is walkable to Tower Grove Park and the South Grand district which is home to many restaurants, bars, and shops.
22078520
MLSⓇ ID
March 21, 2024
Updated
Map
3515 Magnolia
St Louis MO, 63118
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Wall Unit(s)
Heating
Yes
Heating Description
Baseboard
Exterior/Building Features
Sewer
Public Sewer
School Information
School District
St. Louis City
High School
Roosevelt High
Elementary School
Shenandoah Elem.
Other Property Details
Area Name
South City
Taxes
$6,640
Tax Frequency
Annually
Days on Market
52
Garage
No
Parking
Parking Lot
View
No
County
St Louis City
Municipality
St. Louis City
Water Source
Public
Pool
No
Buyer Agency Compensation
1%
Courtesy of Salient Realty Group, LLC, Timothy McCarthy
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