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Lynne Hart

lynne@saintlouisrealestate.co +1(314) 324-6907

$2,595,000

Est. payment - /mo

25,218 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 Family or More

Listing Status Active

Purchase Type For Sale

Square Footage 25,218 sqft

Price per Sqft $102

Subdivision Compton Heights Add

MLS Listing ID 26071113

Style Mid-Rise 3or4 Story

Year Built 1926

Annual Tax Amount $17,800

Lot Size 0.976 Acres

Acres 0.9758

Property Sub-Type 5 Family or More

Property Description

Exceptional investment opportunity in the historic Compton Heights neighborhood! Russell Arms Apartments is a distinctive 30-unit multifamily property consisting of five beautiful brick buildings situated around a landscaped courtyard. Built in 1926, this architecturally charming complex showcases classic Tudor Revival styling and an attractive unit mix of 18 one-bedroom apartments and 12 two-bedroom apartments. Ownership has invested significantly in the property, including full renovations of 24 of the 30 apartments, roof replacement, repaired fire escapes, an upgraded hot water system, and replacement of many HVAC equipment and appliances. The remaining six apartments have been partially updated, providing additional opportunities for future improvements and rental growth. The property offers established rental income with additional upside through leasing available apartments. Another significant opportunity lies in the property's renovated garage, which is currently not being utilized for tenant parking. Offering dedicated parking spaces to residents presents an attractive opportunity to generate additional monthly income and further enhance the property's overall performance. Ideally situated in one of St. Louis City's most architecturally significant neighborhoods, Russell Arms offers convenient access to Tower Grove Park, the Missouri Botanical Garden, Saint Louis University, major medical centers, and Interstates 44 and 55. With its timeless architectural character, substantial completed improvements, established rental income, and multiple avenues for increased revenue, Russell Arms represents a compelling acquisition opportunity for investors seeking a quality multifamily asset in a premier St. Louis location. Financial information and additional due diligence materials available upon request.

Location

State MO

County St Louis City

Area 2 - Central East

Interior

Heating Forced Air

Cooling Central Air

Fireplace N

Exterior

Garage Spaces 15.0

View Y/N No

Building

Water Public

Structure Type Brick

Schools

Elementary Schools Adams Elem.

Middle Schools Blewett Middle

High Schools Beaumont Cte High School

School District St. Louis City

Others

Acceptable Financing 1031 Exchange, Cash, Conventional, Other, VA Loan

Listing Terms 1031 Exchange, Cash, Conventional, Other, VA Loan

Special Listing Condition Standard

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Listed by Andy Scott • Realty Exchange

Nearby School & Business

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Lynne Hart

+1(314) 324-6907

Agent License ID: 2015021561

3300 Russell BLVD St Louis, MO 63104

Lynne Hart

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby School & Business

Get More Information