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4166 Lindell Boulevard

St Louis, MO 63108
$3,995,000
Photo of 4166 Lindell Boulevard St Louis MO 63108

Details

Extremely rare 36 unit gut rehabbed apartment complex in the heart of the Central West End. Walk to SLU, Wash U, Barnes/BJC, Forest Park and much more. The building is an even split: 17 1 beds and 17 2 beds + 2 extra offices or studio units on the first floor. The buildings were completely gutted in the 80's while preserving tons of historic charm. All of the systems have been updated: new PVC, copper pipes, forced heat/central air, a brand new elevator a few years back and a drywall finish throughout. The apartments are spacious with an open floor plan, large balcony and an unobstructed view of the arch, forest park or cathedral basilica. The property with in-place NOI (320,000) is north of an 8 Cap; the building stays 100% leased with mostly international students from SLU. Current rents are about $350 below market; Add some personal touches, update kitchens & baths or just cash your rent checks – perfect value for someone looking to live & invest in a Class A neighborhood.

Specs

Type Multi-Family
Lot Size 0.28 acres
Year Built 1922
Taxes Paid $42,252

Lots & Building Features

Cooling Electric
Heat Source Electric
Heating Forced Air
Parking Description Parking Lot
Sewer Public Sewer
Tax Year 2023
Water Public
Lot Dimensions 57X212 ft

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Financing

$
20%
1.0576220275344%
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Area

City St Louis
County St Louis City
School District St. Louis City
Subdivision Lindell Add 02

Schools

Elementary School Pamoja Prep / Cole
Junior High School L'Ouverture Middle
Senior High School Sumner High
Anthony Klier, The Agency