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$3,595,000
Est. payment /mo
17,131 SqFt
UPDATED:
Key Details
Property Type Other Types
Sub Type 5 Family or More
Listing Status Active
Purchase Type For Sale
Square Footage 17,131 sqft
Price per Sqft $209
Subdivision La Maison
MLS Listing ID 26004323
Style Historic
Year Built 1905
Lot Size 0.460 Acres
Acres 0.46
Property Sub-Type 5 Family or More
Property Description
The La Maison apartments, located at 3530 Utah Street, the property presents a unique investment in a meticulously restored historic schoolhouse in Tower Grove East. This boutique-style building features a variety of floor plans, including studio, one-bedroom, and two-bedroom units, many of which offer high-demand loft-style layouts. Each apartment is finished with premium finishes, including quartz countertops, custom cabinetry, stainless steel appliances, and original hardwood flooring. The architectural integrity of the building is preserved through soaring ceilings and oversized windows that provide significant natural light. Historic details, such as original built-in bookshelves and vintage chalkboards in select units, offer a distinct character that differentiates this property from standard modern developments.
La Maison presents immediate upside through rent growth and operational efficiencies. The current in-place average rents trail market by ~$275/unit/month, allowing a clear path to increasing cash flow through unit turnover and improved management. Comparable renovated units in the area support the proforma rent assumptions.
Situated near Tower Grove Park, South Grand Retail, SLU Medical and close to Downtown St. Louis, La Maison has significant upside with strong rental demand. La Maison provides an opportunity to acquire a well located asset with income, growth and long term appreciation potential.
La Maison presents immediate upside through rent growth and operational efficiencies. The current in-place average rents trail market by ~$275/unit/month, allowing a clear path to increasing cash flow through unit turnover and improved management. Comparable renovated units in the area support the proforma rent assumptions.
Situated near Tower Grove Park, South Grand Retail, SLU Medical and close to Downtown St. Louis, La Maison has significant upside with strong rental demand. La Maison provides an opportunity to acquire a well located asset with income, growth and long term appreciation potential.
Location
State MO
County St Louis City
Area 2 - Central East
Interior
Heating Forced Air
Cooling Central Air
Flooring Hardwood
Fireplace N
Laundry In Unit
Exterior
Fence Fenced
View Y/N No
Private Pool false
Building
Level or Stories Three Or More
Structure Type Brick
Schools
Elementary Schools Froebel Elem.
Middle Schools Fanning Middle Community Ed.
High Schools Roosevelt High
School District St. Louis City
Others
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
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Listed by Timothy McCarthy • Salient Realty Group, LLC
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