6008 Southwest Ave, Saint Louis, MO for sale

Investment Overview

6008 Southwest Avenue is a fully renovated 13-unit multifamily property in St. Louis' 63139 corridor, a few blocks from The Hill with local dining, Near Forest Park, Barnes Hospital Complex, and major transportation routes. The property includes eleven one-bedroom apartments, one two-bedroom/two-bath apartment, and one two-bedroom/two-and-one-half-bath apartment. The mix serves a broad renter base while the larger residences support premium rents. The building underwent an extensive gut renovation and redevelopment, including conversion of three former commercial spaces 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; redesigned layouts; and AT&T Fiber infrastructure to each residential unit. The property offers stabilized cash flow, the potential for rent growth, and limited maintenance, repair, and capital needs. This property can be purchased along with 6201 Arsenal St. 63139, another building that underwent complete renovation a few blocks away.

Investment Highlights

• Fully renovated 13-unit multifamily asset
• Three former commercial spaces converted to residential use
• New roof, windows, electrical, plumbing, sewer and HVAC systems
• Rebuilt rear decks and completed tuckpointing
• Renovated kitchens, bathrooms, common areas and basements
• AT&T Fiber infrastructure to every residential unit
• Three off-street parking spaces