4432-4434 Olive St
$1,400,000
4432 Olive Street, St. Louis, MO 63108
9,402 sqft
Building Size
87.5
Occupancy
Details:
Highlights:
- Large 2 bed / 2 bath units with In-Unit Laundry
- Located in the Central West End
- Off-street secured parking lot
- Below market rents
- Condo conversion potential | $285,000 avg sale price
Description:
4432-4434 Olive presents a prime investment opportunity in the heart of St. Louis' prestigious Central West End neighborhood. The property consists of 8 apartments. The property underwent a total and complete redevelopment in late 2012. All systems were updated or installed at that time. This results in a fully updated building with modern finishes that retains its historic charm which tenants desire. Each unit is a large 2 bed & 2 bath unit with in unit laundry. The rear of the property has a secure eight car parking lot.
The property not only offers strong in place financial performance but also allows for significant appreciation through raising rents to market. This is truly an amazing opportunity in the City's premier Central West End neighborhood, with significant upside.
Another strategy is to convert the units to condos for resale. The immediate area has multiple sale comparables that average $285,000 for a 2 bed, 2 bath unit. This provides a very lucrative exit strategy.
Located in the Central West End which is the seventh-largest multifamily submarket in St. Louis. The area contains a high concentration of medical buildings, with BJC and Washington University School of Medicine having a significant presence on the southeast corner of the submarket.
The location of this property is truly unbeatable, situated in the sought-after Central West End neighborhood. This vibrant and historic area offers a wealth of amenities, including trendy boutiques, upscale dining options, and a lively cultural scene. The Central West End's proximity to parks, medical centers, and major transportation hubs adds to the desirability and long-term value of this asset.
Other notable higher educational organizations and major nearby employers are:
Washington University - one of the highest rated universities in the Midwest (15,500+ undergrads, 6,700+ graduate students, & 4,100+ faculty)
Barnes-Jewish Hospital (9,500+ employees - largest employment base in the Metro area)
St. Louis University - Premier university located in the City of St. Louis (7,984 undergrads & 4,553 graduate students)
CORTEX - $2 billion development that contains many large and start-up tech companies
St. Louis College of Pharmacy
Documents:
| Title | ||
|---|---|---|
| 4432_Olive_-_OM.pdf | ||
| 4432_Olive_-_OM.pdf |
Location
Gallery
