SoldApr 8, 2022

Listed by Adam Droege and Marcus Hamilton from Keller Williams Realty Chester

Bought with Trevor Tune from Midland Realty Associates

Source: Mid America Regional Information Systems, Inc. #22004455

5931 Maple Ave, St. Louis, MO, 63112

Amount undisclosed

15050 sq. ft.
8538 sq. ft.

MultiFam

7 days on the market

Sold: Apr 8, 2022

What's around 5931 Maple Ave

About this property

15+ cap rate & super-affordable taxes! Over $300,000 in renovations already, 6 units & level lot in a great location - this is a no-brainer. 3 beds/2 baths in each unit, plus in-unit washer/dryer hookups, master bedroom suites, walk-in closets, 14-ft ceilings, bay windows & nearly 1,100 sqft per unit. The building is a short distance from WASHU, Delmar Loop, Forest Park & across the street from a community garden. Property is likely to rent anywhere from $1,200 - $1,400/mo per unit with the right finishing touches.?Over $300k in improvements including, a new TPO roof (+50 year warranty), some new window & door installation (including bay windows), nearly completed new electrical, plumbing, & framing (including passed permit for framing). The current investor also cleaned out loads of trash from the full basement, added 6 parking spots to the rear of the building, installed a temporary power pole for ease of construction, & provided all the paid receipts & lien waivers.

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