4432 Olive ST, St Louis, MO 63108
4432 Olive ST, St Louis, MO 63108
4432 Olive ST, St Louis, MO 63108
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$1,350,000
Est. payment /mo
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9,402 SqFt
Active

4432 Olive ST St Louis, MO 63108

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Danielle Jordan

Danielle Jordan

+1(573) 308-5933

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 Family or More

Listing Status Active

Purchase Type For Sale

Square Footage 9,402 sqft

Price per Sqft $143

Subdivision Euclid Place Amd Sub

MLS Listing ID 26066224

Style Other

Year Built 1897

Annual Tax Amount $11,670

Lot Size 7,749 Sqft

Acres 0.1779

Property Sub-Type 5 Family or More

Property Description

4432-4434 Olive presents a prime investment opportunity in the heart of St. Louis' prestigious Central West End neighborhood. The property consists of 8 apartments. The property underwent a total and complete redevelopment in late 2012. All systems were updated or installed at that time. This results in a fully updated building with modern finishes that retains its historic charm which tenants desire. Each unit is a large 2 bed & 2 bath unit with in unit laundry. The rear of the property has a secure eight car parking lot.

The property not only offers strong in place financial performance but also allows for significant appreciation through raising rents to market. This is truly an amazing opportunity in the City's premier Central West End neighborhood, with significant upside.
Another strategy is to convert the units to condos for resale. The immediate area has multiple sale comparables that average $285,000
for a 2 bed, 2 bath unit. This provides a very lucrative exit strategy.

Location

State MO

County St Louis City

Area 4 - Central West

Rooms

Basement 8 ft + Pour

Interior

Heating Forced Air

Cooling Central Air

Fireplace N

Exterior

View Y/N No

Building

Story 2

Water Public

Level or Stories Two

Structure Type Brick

Schools

Elementary Schools Hickey Elem.

Middle Schools Yeatman-Liddell Middle School

High Schools Sumner High

School District St. Louis City

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Timothy McCarthy • Salient Realty Group, LLC

NEARBY SCHOOL & BUSINESS

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Danielle Jordan

Danielle Jordan

Broker/Salesperson

+1(573) 308-5933

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