Neighborhood: Peter Lindells 2nd Add, Central West
Property Taxes: $53,697
Tax Year: 2021
Extremely rare opportunity to purchase a true "value add" investment with stabilized cash flows in the Central West End. Maryland Lofts is a 54 unit multi-family property consisting of 18 lofted 1br units and 36 efficiency apartments. The 1br apts are two story lofted units, and are very unique (13 have updated kitchens & w/d in unit). The efficiency units are highly sought after by young professionals and are simple and cost effective to turn. The property has been over 95% occupied for the past 10 years.
The building also has additional neighborhood security provided by the Cathedral, and "TCF" (The City's Finest). A separate police dept within the city of St. Louis that services the Cathedral and surrounding area.
Maryland Lofts was constructed in 1966 (copper wiring) and features solid brick construction with pitched roof's. The property was gut rehabbed in the 2000's, forced heat, central air, newer plumbing, new electric, windows, drywall, and a new storm sewer system
Courtesy of: St. Louis Apartment Experts Copyright 2022, Mid America Regional Information Systems, Inc.(MARIS). All rights reserved. Hippler Real Estate does not display the entire IDX database of Mid America Regional Information Systems, Inc. (MARIS MLS) on this web site. Property listings of some REALTOR® brokerage firms have been excluded. Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange. Information provided deemed to be reliable but is not guaranteed to be accurate. Buyers are advised to verify all facts before making a decision on purchasing a property. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. Mid America Regional information Systems, Inc. (MARIS) will not be held responsibility for the content of such records.