5001 Grand Blvd StSt. Louis, MO 63116

This exceptional mixed-use investment property, located at 5001 S Grand Blvd in St. Louis, Missouri, 63116, presents a compelling opportunity. The 1930-built, three-story building boasts a strong 10.21% cap rate and a current NOI of $109,708, with an asking price of $1,075,000. The property is zoned F (neighborhood commercial) and features a mix of residential and retail spaces. The building comprises three retail spaces and sixteen residential units, including eight studios and eight one-bedroom/one-bathroom apartments. Currently operating at 95% occupancy, this stabilized investment offers significant potential for increased rental income. Recent improvements include a high-efficiency boiler, a newer coated roof, new windows, tuck pointing, and replacement of all but one building stack. Furthermore, 75% of the residential units have undergone renovations, encompassing kitchen and bathroom upgrades, and new flooring. This well-maintained property represents a rare opportunity to acquire a high-performing mixed-use asset in a desirable St. Louis location. The building's strong cash flow, coupled with the potential for rent increases, makes it an attractive investment for both seasoned and emerging investors.