Multi-Family for Sale: 6265 Gravois Avenue, St Louis, MO 63116

6265 Gravois Avenue, St Louis, MO 63116
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$155,000 - 11/23/2022

Type: Multi-Family
Lot Size: 229.57 acres
Year Built: 1970

City: St Louis
County: St Louis City
School District: St. Louis City
Subdivision: Princeton Heights

MLS: 22063509
Status: Active
DOM: 128 days
AMAZING VALUE-ADD OPPORTUNITY - 16 UNITS, 2 BUILDINGS IN THE PRINCETON HEIGHTS NEIGHBORHOOD OF ST. LOUIS, MO! This garden-style property features 14 one bedroom one baths and 2 two bedroom one bath apartments. Unit upgrades have recently been completed to all units including kitchen/bathroom remodeling and fresh paint. These upgrades provide immediate value-add opportunity through rent increases and utility charge-backs. Each building contains a basement with coin-operated laundry and storage units for tenants. The property is located at a highly-visible South City intersection surrounded by a vibrant business district brimming with local shops, eateries, cafes, restaurants, parks, and more. Very large units - 800 sf one bedrooms and 900 sf two bedrooms offer a chance for owner to raise rents to the avg $1.31 per sf for surrounding neighborhood. New leases for $950 (1BR/1BA) and $1025 (2BR/1BA) starting in October giving new owner proof-of-proforma rents!

Lot & Building Features

Construction: Brick
Cooling: Electric
Heat Source: Gas
Heating: Forced Air
Parking Description: Accessible Parking, On Street
Sewer: Public Sewer
Tax Year: 2021
Taxes Paid: $7,120
Water: Public
Lot Dimensions: 110 ft x 121 ft ft

Community and Schools

Elementary School: Buder Elem.
Junior High School: Long Middle Community Ed. Center
Senior High School: Roosevelt High

Price History of 6265 Gravois Avenue, St Louis, MO

Date Name Price Difference
11/23/2022 Price Adjustment $1,595,000 8.86%
09/29/2022 Listing Price $1,750,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 6265 Gravois Avenue, St Louis, MO

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Photo of Brandie Palmer
Direct: 314-939-3153
St. Louis, MO
Listed by CBRE Inc., Corey Egan & Matt Bukhshtaber
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Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

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Listing information courtesy of: CBRE Inc.

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