1245 North & South Boulevard St Louis, MO 63130
Forest Grove Apartments is a 32 unit apartment community comprised of 28-two bedroom units and 4-three bedroom units with average rents of $1, 020 per month. The Property offers plenty of upside potential to generate an additional $4, 000 per month in revenue based on current in place rents. The owner has completed numerous capital improvements, including: new roofs, new gutters, deck replacement, parking lot repaving/striping, new flooring in stairwells, new exterior paint, all new electrical panels, updated laundry facility and several HVAC replacements within the last 24 months. Forest Grove is a low maintenance, turn-key investment opportunity that would be perfect for a seasoned investor or a new Buyer looking for a great opportunity. Additionally, the surrounding area has a ton of new development and employment. Forest Grove Apartments is located near the new (50 acre, $211-million) "Market at Olive Development" located at Interstate 170 and Olive Blvd.
- Property TypeCommercial
- NeighborhoodN/A
- CountySt Louis
- Taxes$20,259
- HOA/Condo/Coop Fees$0
- Days on Site25 Days
- MLS StatusActive
- MLS ID Number24030794
- Home Size Source County Records
- Year Built1960
- Lot Size1.76 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction Brick Veneer
- Parking Accessible ParkingParking GarageParking Lot
- Sewer Public Sewer
- Acreage 1.76
- Water Public
- Cross Street Olive Street
- Property Sub Type Multi Family
- Attached Garage No
- SqFt Above 33000
Interior Features
- Cooling Electric
- Heating Forced Air
- Laundry Features Coin OperatedCommon Laundry
Exterior Features
- Construction Details Brick VeneerFl Brick/ Stn Veneer
Community Features
- Association Dues 0
- Township University City
- MLS Area University City