Mary Massey
REALTOR®
BEDS0
BATHS
SQUARE FEET9,600
MLS#26048678
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONSeevers Clifton Add
SCHOOLSt Louis City
Property Description
6201 Arsenal Street is a fully renovated 13-unit multi family property in St. Louis' 63139 corridor, located near the The Hill, The Clayton Central Business District, Forest Park, The Botanical Gardens, with easy access to highway 40 and 44. The property consists of twelve one-bedroom/one-bath apartments and one larger one-bedroom/one-and-one-half-bath residence. Originally developed with mixed-use space, the property was comprehensively renovated and three former commercial spaces were converted into apartments. Improvements include new electrical, plumbing, sewer, HVAC, windows and roof; rebuilt rear decks; tuckpointing; refinished common areas and basements; renovated kitchens and bathrooms; new appliances and fixtures; modernized layouts; and AT&T Fiber infrastructure to every unit. Current base rent is $15,855 per month. All one-bedroom/one-bath apartments renting below $1,250 can be raised to the in place rent for similar apartments at $1,250, producing pro forma base rent of $17,015 per month, creating a measurable path to NOI growth. This property can be purchased with 6008 Southwest Ave. 63139, which was also fully renovated, located a few blocks from the property.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full
Basement: Yes
Cooling: Central Air
Home Style: Apartment Style, Contemporary
Lot Size: 0.09 Acres
Taxes: $20,813
Year Built: 1927
Feature Descriptions
Days on Site: 2
Exterior: Brick
Parcel#: 5688-00-0230-7
Parking: Off Street
Parking Notes: Off Street
SQFT. Above Grade: 9600
Units: 13
Water: Public
Local Schools
High School: Roosevelt High
Middle School: Henry Elem.
Elementary School: Mason Elem.
School District: St Louis City
Listed By / Shown By
Listed By
Agency Name: Invest St. Louis
Shown By
Agent Name: Mary Massey
Agent Phone: 314.566.3982
Agency Title: RedKey Realty Leaders
Estimate Your Payment
Estimated Payment
$ 15,222.96 per month $12,803.13 Principal & Interest $1,734.42 Property Tax $685.42 Homeowner's InsuranceChange Payment Information
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6201 Arsenal Street | MLS# 26048678
This multi-family property located at 6201 Arsenal Street , Saint Louis, MO 63139 is currently listed for sale with an asking price of $2,350,000. Arsenal Street is located within the St Louis City school district. Search Saint Louis real estate on www.marymasseystl.com today.