5300 Maple Ave, St Louis, MO 63112

Property Description

Let's play real life Monopoly! Here’s your chance to own a prime investment property in the highly sought-after West End neighborhood of St. Louis City. This package features two side-by-side, stone-front, all-brick apartment buildings offering a total of 18 units - 16 spacious 2BR, 1BA apartments and two 1BR, 1BA apartments. The buildings are well maintained and have undergone several renovations, including a newer roof, updated decks, plumbing, electric, some new windows, exterior painting, wooden privacy fencing, gated entry, and security lighting. Eight-megapixel cameras provide added peace of mind, and some HVAC systems have been replaced. 16 apartments have been fully renovated, leaving just two in need of updates. This is an outstanding long-term investment with immediate upside potential. Current rents are well below market, and comparable rents in the area should range between $1,000 and $1,300/month. With 4 current vacancies, the property is priced at a 7% cap rate and offers the strong potential for double-digit returns once stabilized. The location is nothing short of fantastic. Situated just minutes from Forest Park, Barnes-Jewish Hospital, Washington University, the Delmar Maker District, and the Central West End, this property benefits from consistently strong rental demand and unbeatable neighborhood appeal. A rare opportunity to acquire a turnkey, income-producing asset with room to grow—this property is ready to be the next cornerstone of your portfolio!