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5315 Cabanne Avenue

St Louis, MO 63112
  • $2,200,000
  • STATUS: Active
  • ON SITE: 34 Days
  • ID#: 24023536
$2,200,000
  • 0
    BEDS
  • 0.69
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 31,898
    SQFT
  • $69
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1925
County:
Area:

School Information

Elementary School:
Middle School:
School District:

Description

Welcome to the Cabanne Castle! This historic 42-unit (24-1 bed/1 bath and 18-2 bed/2 bath) takeover project that has permits and plans approved (expired need to be renewed) has passed framing inspection and has a ton of upside potential and value add opportunity. The building has passed framing inspection (buyer will need to renew permits) and is ready for MEPs (mechanical, electric, plumbing). Capex updates that have already been done are: new roof, tuck pointing, new windows on rear and sides of building and some duct work ran. This sale also includes the lot 5329 Cabanne which is perfect for additional tenant parking. Value add opportunity by converting basement level into additional apartments, storage or offices. This is an amazing fast track opportunity to quickly take over a historic building. Owner may consider owner financing with a significant down payment and collateral.

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Listing information © 2024 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2024-05-26T22:40:04.293.

The Becky O'Neill Power Home Selling Team | RE/MAX RESULTS: 314-394-5499
www.beckyoneill.com/homes/149761594
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5315 Cabanne Avenue St Louis, MO 63112

  • Price: $2,200,000
  • Status: Active
  • On Site: 34 Days
  • ID#: 24023536
0
Beds
0
Baths
0
½ Baths
0.69
Acres
31,898
SQFT
$69
$/SQFT
1925
Built
Neighborhood:
Cabanne
County:
St Louis City
Area:
Central West
Elementary School:
Adams Elem.
Middle School:
Blewett Middle
High School:
Beaumont Cte High School
School District:
St. Louis City
Property Description
Welcome to the Cabanne Castle! This historic 42-unit (24-1 bed/1 bath and 18-2 bed/2 bath) takeover project that has permits and plans approved (expired need to be renewed) has passed framing inspection and has a ton of upside potential and value add opportunity. The building has passed framing inspection (buyer will need to renew permits) and is ready for MEPs (mechanical, electric, plumbing). Capex updates that have already been done are: new roof, tuck pointing, new windows on rear and sides of building and some duct work ran. This sale also includes the lot 5329 Cabanne which is perfect for additional tenant parking. Value add opportunity by converting basement level into additional apartments, storage or offices. This is an amazing fast track opportunity to quickly take over a historic building. Owner may consider owner financing with a significant down payment and collateral.
Exterior Features

Attached Garage YN No Lot Size Dimensions 0x0 Lot Size Source County Records Parking Features Other

Interior Features

Above Grade Finished Area Source Public Records Cooling Other Heat Source Other Heating None Heating YN Yes

Property Features

Association St. Louis Association of REALTORS Builder Model Mid-Rise 3or4 Story Cross Street Union Current Financing Cash OnlyConventionalOwner May FinancePrivateOther Disclosures UnknownCity Inclusions Building & LandSale Includes Other Lease Term None Location City Net Operating Income 0 Ownership Private Possession Close Of Escrow Property Sub Type Multi-Family 5+ Property Sub Type Additional Apartment Complex Sewer Public Sewer Special Listing Conditions None Tax Annual Amount 87 Tax Year 2023 Tenant Pays Other Three Bed Units 0 Transaction Type Sale Two Bed Units 18 Water Source Public

Listing provided courtesy of Niche Advisors: 5979196. Listing information © 2024 Mid America Regional Information Systems, Inc.
Listing information © 2024 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2024-05-26T22:40:04.293.

The Becky O'Neill Power Home Selling Team | RE/MAX RESULTS: 314-394-5499
 
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The Becky O'Neill Power Home Selling Team | RE/MAX RESULTS
13208 Manchester Road
St. Louis MO, 63131