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3432 Shenandoah Avenue, St Louis, MO 63104

Price:
SOLD PRICE: (?)
$499,000
Property Photo
Multi-Family Home
MLS # 14056296
Square Feet 15,000
Taxes: $2,581.00
Built in: 1898

Description of 3432 Shenandoah Avenue, St Louis, MO 63104

Mixed-Use Property in Tower Grove East now available for Sale. This 2-story property with 15,000 Square Feet. The first floor has approximately 5,000 square feet of warehouse space (50% occupied) and 2,500 square feet of office space which can be divided into three separate units. The second floor features 6 apartments (fully-occupied) which range from $450 to $700 per month. This property is a value-add opportunity for an investor that is able to renovate lease-up the remainder of the first floor which will improve the current cap rate for the property from 7.51% to 12.31%. The property was built in 1893 and may be eligible for Federal, State and Historic Tax Credits. The property is Zoned F and sits at the corner of Shenandoah and Tennessee Ave in the Tower Grove Heights neighborhood. The property is located in the City of St. Louis at the intersection of Shenandoah Avenue and Tennessee Avenue in the Tower Grove Heights neighborhood.

Features of 3432 Shenandoah Avenue, St Louis, MO 63104

  • Elementary school: Shenandoah Elem.
  • Middle school: Stevens Middle Community Ed.
  • High school: Roosevelt High
  • Central air
  • Forced air heat
  • Natural gas heat
  • On street parking
  • Brick veneer exterior
  • Lot dimension is: 66 x 132
  • Subdivision: City Commons 03
  • Public sewer
  • Public water

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