Price Reduced
5315 Cabanne Avenue
St Louis, MO 63112
31,898 sqft
$1,650,000
Details
Welcome to the Cabanne Castle! This historic 42-unit (24-1 bed/1 bath and 18-2 bed/2 bath) takeover project that has permits and plans approved (expired need to be renewed) has passed framing inspection and has a ton of upside potential and value add opportunity. The building has passed framing inspection (buyer will need to renew permits) and is ready for MEPs (mechanical, electric, plumbing). Capex updates that have already been done are: new roof, tuck pointing, new windows on rear and sides of building and some duct work ran. This sale also includes the lot 5329 Cabanne which is perfect for additional tenant parking.
Value add opportunity by converting basement level into additional apartments, storage or offices.
This is an amazing fast track opportunity to quickly take over a historic building.
Specs
Type Multi-Family
Square Footage 31,898 sqft
Lot Size 0.69 acres
Year Built 1925
Taxes Paid $87
Lots & Building Features
Cooling Other
Heat Source Other
Heating None
Parking Description Other
Sewer Public Sewer
Tax Year 2023
Water Public
Lot Dimensions 0x0 ft
Get Directions
Area
City St Louis
County St Louis City
School District St. Louis City
Subdivision Cabanne
Schools
Elementary School Adams Elem.
Junior High School Blewett Middle
Senior High School Beaumont Cte High School