6201 Arsenal ST, St Louis, MO 63139
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6201 Arsenal ST, St Louis, MO 63139
6201 Arsenal ST, St Louis, MO 63139
6201 Arsenal ST, St Louis, MO 63139
6201 Arsenal ST, St Louis, MO 63139
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Don Arling

Don Arling

+1(314) 249-8282
$ 2,350,000
Est. payment /mo
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6201 Arsenal ST St Louis, MO 63139

9,600 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 Family or More

Listing Status Active

Purchase Type For Sale

Square Footage 9,600 sqft

Price per Sqft $244

Subdivision Seevers Clifton Add

MLS Listing ID 26048678

Style Apartment Style,Contemporary

Year Built 1927

Annual Tax Amount $20,813

Lot Size 4,120 Sqft

Acres 0.0946

Property Sub-Type 5 Family or More

Property Description

6201 Arsenal Street is a fully renovated 13-unit multi family property in St. Louis' 63139 corridor, located near the The Hill, The Clayton Central Business District, Forest Park, The Botanical Gardens, with easy access to highway 40 and 44. The property consists of twelve one-bedroom/one-bath apartments and one larger one-bedroom/one-and-one-half-bath residence. Originally developed with mixed-use space, the property was comprehensively renovated and three former commercial spaces were converted into apartments. Improvements include new electrical, plumbing, sewer, HVAC, windows and roof; rebuilt rear decks; tuckpointing; refinished common areas and basements; renovated kitchens and bathrooms; new appliances and fixtures; modernized layouts; and AT&T Fiber infrastructure to every unit. Current base rent is $15,855 per month. All one-bedroom/one-bath apartments renting below $1,250 can be raised to the in place rent for similar apartments at $1,250, producing pro forma base rent of $17,015 per month, creating a measurable path to NOI growth. This property can be purchased with 6008 Southwest Ave. 63139, which was also fully renovated, located a few blocks from the property.

Location

State MO

County St Louis City

Area 3 - South City

Rooms

Basement Full

Interior

Cooling Central Air

Flooring Hardwood

Fireplace N

Exterior

Parking Features false

Utilities Available Electricity Connected, Sewer Connected, Water Connected

View Y/N No

Building

Water Public

Structure Type Brick

Schools

Elementary Schools Mason Elem.

Middle Schools Henry Elem.

High Schools Roosevelt High

School District St. Louis City

Others

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition Standard

Listed by Jordan Schoen • Invest St. Louis
Don Arling

Don Arling

Broker Associate | License ID: 1999033202

+1(314) 249-8282

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6201 Arsenal ST