BEDS0
BATHS
SQUARE FEET10,870
MLS#26066527
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONCb 3926
SCHOOLSt Louis City
Property Description
3717 Westminster Place presents an opportunity to acquire a 17unit multifamily property offering strong in-place cash flow with additional upside in one of St. Louis' most active urban corridors. The property is being offered at a 7.16% in-place cap rate with an 8.36% proforma cap rate, providing investors attractive current returns with the opportunity to further grow NOI. The property was fully redeveloped in 2008 and then underwent further updates in 2022/2023. Ideally positioned just minutes from Saint Louis University and City Foundry STL, the property benefits from proximity to some of the city's largest education, employment, medical, dining, and entertainment destinations. Nearby anchors include Cortex Innovation Community, Washington University Medical Campus, Barnes-Jewish Hospital, and the Armory. With 17 units, strong in-place returns, additional rental upside, and a location near SLU and City Foundry, 3717 Westminster Place offers investors an opportunity to acquire meaningful scale in a well-established St. Louis rental corridor.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: 9 ft + Pour
Cooling: Central Air
Heating: Forced Air
Home Style: Historic, Mid-Rise 3or4 Story, Victorian
Lot Size: 0.34 Acres
Taxes: $17,023
Year Built: 1896
Feature Descriptions
Appliances: Stainless Steel Appliance(s)
Exterior: Brick
Parcel#: 3926-00-0330-0
Parking: Off Street
Parking Notes: Off Street
Units: 17
Local Schools
High School: Sumner High
Middle School: Blewett Middle
Elementary School: Buder Elem.
School District: St Louis City
Listed By / Shown By
Listed By
Agency Name: Salient Realty Group, LLC
Shown By
Agent Name: Ed Kidd
Agent Phone: 314.371.6810
Agency Title: RedKey Realty Leaders
Estimate Your Payment
Estimated Payment
$ 12,295.52 per month $10,324.23 Principal & Interest $1,418.58 Property Tax $552.71 Homeowner's InsuranceChange Payment Information
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3717 Westminster Place | MLS# 26066527
This multi-family property located at 3717 Westminster Place , Saint Louis, MO 63108 is currently listed for sale with an asking price of $1,895,000. Westminster Place is located within the St Louis City school district. Search Saint Louis real estate on edkidd.redkeystlouis.com today.