909-923 Geyer AVE new Save Request In-Person Tour Request Virtual Tour
St Louis,MO 63104
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 18,790 sqft
Price per Sqft $252
Subdivision Soulards Add 03
MLS Listing ID 25058424
Year Built 1885
Lot Size 0.451 Acres
Property Description
909-923 Geyer Ave. is a 28-unit value-add multifamily property situated in the historic Soulard neighborhood. The property offers an investor the rare opportunity to acquire a large apartment building in an extremely high-barrier-to-entry submarket with a proven operating performance and tremendous upside potential. The property enjoys a strong occupancy rate, offering an investor the opportunity to acquire a well-performing asset in a historic area of St. Louis.
Built in 1885 and extensively renovated in 2023, the Property features studio, 1, 2, and 3-bedroom floor plans, off-street parking, and on-site laundry facilities.
INVESTMENT HIGHLIGHTS
• Turnkey Property: Recent significant capital expenditures (capex) minimize immediate maintenance concerns and maximize potential returns.
• Extensive Renovations: Unit interiors, roofs, HVAC systems, brickwork (tuckpointing), landscaping, and outdoor amenities (dog park, outdoor lighting, decks) have all been recently upgraded.
• Unit Renovations: Include all-new flooring, updated kitchens & bathrooms, new light fixtures, fresh paint, and in-unit laundry (most units).
• High-Quality Improvements: Newly painted decks and window trim contribute to curb appeal and property value.
• Value-Add Potential: Opportunity to further increase rents and property value through strategic management and additional enhancements.
Location
State MO
County St. Louis
Area 2 - Central East
Interior
Heating Forced Air
Cooling Central Air
Flooring Luxury Vinyl,Plank
Laundry In Basement,In Unit
Exterior
Parking Features false
Roof Type Flat
Building
Water Public
Structure Type Brick
Schools
Elementary Schools Sigel Elem. Comm. Ed. Center
Middle Schools Fanning Middle Community Ed.
High Schools Roosevelt High
School District St. Louis City
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard