Rock Island Realty

Historic, Mid-Rise 3or4 Story, Victorian

3717 Westminster Place

St Louis, MO 63108

MLS#: 26066527

$1,895,000

Status: Active
Listing number: 26066527
Listing provided by: Salient Realty Group, LLC
Listing agent phone: None
Last update: an hour ago
New on site today
Browse Properties
Cb 3926 - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1896

Sq.Footage

10,870

3717 Westminster Place presents an opportunity to acquire a 17unit multifamily property offering strong in-place cash flow with additional upside in one of St. Louis’ most active urban corridors. The property is being offered at a 7.16% in-place cap rate with an 8.36% proforma cap rate, providing investors attractive current returns with the opportunity to further grow NOI. The property was fully redeveloped in 2008 and then underwent further updates in 2022/2023. Ideally positioned just minutes from Saint Louis University and City Foundry STL, the property benefits from proximity to some of the city’s largest education, employment, medical, dining, and entertainment destinations. Nearby anchors include Cortex Innovation Community, Washington University Medical Campus, Barnes-Jewish Hospital, and the Armory. With 17 units, strong in-place returns, additional rental upside, and a location near SLU and City Foundry, 3717 Westminster Place offers investors an opportunity to acquire meaningful scale in a well-established St. Louis rental corridor.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    Off Street

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.3444

  • Lot Size(square feet)

    15,002

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

  • Architectural Style

    Historic, Mid-Rise 3or4 Story, Victorian

Price

  • Sales Price

    $1,895,000

  • Tax Amount

    $17,023

  • Financing Options

    Cash, Contract

  • Sq. Footage

    10,870

  • Price/SqFt

    $174

HOA

  • Association

    No

School District

  • Elementary School

    Buder Elem.

  • Middle School

    Blewett Middle

  • High School

    Sumner High

Property Features

  • New Construction

    NO

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Location

County

St Louis City

Elementary School

Buder Elem.

Middle School

Blewett Middle

High School

Sumner High

Listing Courtesy of Timothy McCarthy, Salient Realty Group, LLC

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Agent Paul Dameron

Broker/Realtor/Sales

Paul Dameron

Call Paul today to schedule a private showing.

(573) 480-0850

paul@homeatthelake.com


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3717 Westminster Place presents an opportunity to acquire a 17unit multifamily property offering strong in-place cash flow with additional upside in one of St. Louis’ most active urban corridors. The property is being offered at a 7.16% in-place cap rate with an 8.36% proforma cap rate, providing investors attractive current returns with the opportunity to further grow NOI. The property was fully redeveloped in 2008 and then underwent further updates in 2022/2023. Ideally positioned just minutes from Saint Louis University and City Foundry STL, the property benefits from proximity to some of the city’s largest education, employment, medical, dining, and entertainment destinations. Nearby anchors include Cortex Innovation Community, Washington University Medical Campus, Barnes-Jewish Hospital, and the Armory. With 17 units, strong in-place returns, additional rental upside, and a location near SLU and City Foundry, 3717 Westminster Place offers investors an opportunity to acquire meaningful scale in a well-established St. Louis rental corridor.

3717 Westminster Place

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