1 / 13
For Sale
3521-25 Utah Street
Tower Grove East · St. Louis, MO 63118Multifamily
$857.5k
Price
6
Units
$143k
Per unit
Highlights
  • Freshly renovated building completed in 2022
  • Updated electric/plumbing/HVAC
  • Proven concept to bump rents to $1,515/mo
  • Walkable to South Grand business district & Tower Grove Park
  • Off-street parking
  • All sizable 2 bed/1 bath units w/ in unit laundry
  • Great Opportunity for Short Term Rentals w/ Proximity to SLU Medical
Documents
3521-3525 Utah - Offering MemorandumDownload
About the property

Salient is pleased to present this opportunity to own a fully updated, 6-family in the heart of Tower Grove East. The property consists of 6, 2 bed/1 bath units with off-street parking and a fenced in backyard. Units have been completely updated throughout with high end finishes, new kitchens with new stainless steel appliances, in unit washer/dryer and central heating and cooling. Plumbing and electric have also been updated.

Rents are below market with a proven concept of achieving $1,515/mo.

*Proforma annualizes rent roll at a market rent with a 5% vacancy factor.

Photos
Location · Tower Grove East
Contact the brokers
Garen Lafser
President & Designated Broker
Tim McCarthy
Senior Associate
For Sale
3521-25 Utah Street
Tower Grove East · St. Louis, MO 63118
Multifamily
1 / 13
$857.5k
Price
6
Units
$143k
Per unit
Download the OM  →
Highlights
  • Freshly renovated building completed in 2022
  • Updated electric/plumbing/HVAC
  • Proven concept to bump rents to $1,515/mo
  • Walkable to South Grand business district & Tower Grove Park
  • Off-street parking
  • All sizable 2 bed/1 bath units w/ in unit laundry
  • Great Opportunity for Short Term Rentals w/ Proximity to SLU Medical
Documents
3521-3525 Utah - Offering MemorandumDownload
About the property

Salient is pleased to present this opportunity to own a fully updated, 6-family in the heart of Tower Grove East. The property consists of 6, 2 bed/1 bath units with off-street parking and a fenced in backyard. Units have been completely updated throughout with high end finishes, new kitchens with new stainless steel appliances, in unit washer/dryer and central heating and cooling. Plumbing and electric have also been updated.

Rents are below market with a proven concept of achieving $1,515/mo.

*Proforma annualizes rent roll at a market rent with a 5% vacancy factor.

Location · Tower Grove East
Brokers
Contact the brokers
Garen Lafser
President & Designated Broker
Tim McCarthy
Senior Associate

Next Steps…

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Set Up a Meeting with Salient