For Sale
Call for price

3530 Miami St StSt. Louis, MO 63118

60-unit apartment building, high vacancy, value-add potential.

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional value-add opportunity presents a 60-unit apartment building located at 3530 Miami St, St. Louis, MO 63118. The property, built in 1965, comprises a single five-story building totaling 31,668 square feet and zoned H. The unit mix includes 20 studios and 40 one-bedroom, one-bathroom apartments. Currently operating at 62% occupancy, this asset offers significant upside potential through lease-up and cosmetic renovations, leading to substantial rent increases. The current high vacancy rate allows for immediate implementation of a value-add strategy. The property presents an incredibly low price per unit basis, making it an attractive investment. Detailed financial information is available upon request. This is a rare chance to acquire a multifamily property in St. Louis with considerable potential for growth and strong returns. The property is situated in the Gravois Park neighborhood.

Highlights

  • Exceptional value-add opportunity with significant rental upside potential.
  • 60-unit multifamily property (20 studios, 40 one-bedroom/one-bath units).
  • Seller open to creative financing options; contact broker for details.
  • Attractively priced per unit, offering immediate value-add potential.
  • High vacancy rate presents immediate opportunity for increased profitability.

Property Details for 3530 Miami St St

Property type
Apartment buildings
Square Feet
31,668 SF
Year Built
1965
Buildings
1
Stories
5
Units
60

Location Insight

City
St. Louis
County
State
Missouri
Latitude
38.5915575
Longitude
-90.243295
3530 Miami St St, St. Louis, Missouri

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3530 Miami St St
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