32
See all 32 photos
$1,400,000
Est. payment /mo
31,898 SqFt
New
5315 Cabanne AVE St Louis, MO 63112
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Key Details
Property Type Multi-Family
Sub Type 5 Family or More
Listing Status Active
Purchase Type For Sale
Square Footage 31,898 sqft
Price per Sqft $43
Subdivision Visitation Park-49
MLS Listing ID MIS25028864
Year Built 1925
Lot Dimensions 150x201
Property Sub-Type 5 Family or More
Property Description
The Cabanne Castle is a three-story Tudor-style brick condominium building in the West End, totaling approximately 31,898 sq. ft. It includes 42 units: (24) 1-bed 1-bath and (18) 2-bed / 1-bath. The lower level offers 24 underground parking spaces and room for tenant storage. This multi-family rehab is ideal for developers or investors. While the project needs completion, many plans and permits have already been approved by the city (some will require renewal). Completed improvements include demolition, new roof, new rear and side windows, tuckpointing, framing, and leveled floors. The building is ready for mechanical, electrical, and plumbing installation. An adjacent lot is included and can be used for additional parking. Historic tax credits are available. The lower level offers potential for added units, a lounge, or a gym. Estimated ARV: $5,200,000 Estimated Completion Cost: $2,800,000 Potential Tax Credits: $1,000,000+. There is potential for more than 20% equity upon completion.
Location
State MO
County St Louis City-mo
Area 4 - Central West
Interior
Heating Other
Cooling None
Fireplace N
Appliance Other
Laundry None, Other
Exterior
Parking Features false
Building
Sewer Public Sewer
Water Public
Architectural Style Mid-Rise 3or4 Story
Structure Type Brick
Schools
Elementary Schools Hamilton Elem. Community Ed.
Middle Schools Langston Middle
High Schools Beaumont Cte High School
School District St. Louis City
Others
Ownership Private
Special Listing Condition Standard
Listed by Invest St. Louis