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