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About This Home
This 0-bedroom, 0-bathroom residential multi family at 5315 Cabanne Avenue in St Louis, MO is listed for $1,099,000 ($34 per sqft). Built in 1925, the home offers 31,898 sqft of living space on a N/A lot.
The Cabanne Castle is a three-story Tudor-style brick condominium building in the West End, totaling approximately 31,898 sq. ft. It includes 42 units: (24) 1-bed 1-bath and (18) 2-bed / 1-bath. The lower level offers 24 underground parking spaces and room for tenant storage.
This multi-family rehab is ideal for developers or investors. While the project needs completion, many plans and permits have already been approved by the city (some will require renewal). Completed improvements include demolition, new roof, new rear and side windows, tuckpointing, framing, and leveled floors.
The building is ready for mechanical, electrical, and plumbing installation. An adjacent lot is included and can be used for additional parking. Historic tax credits are available. The lower level offers potential for added units, a lounge, or a gym. Estimated ARV: $5,200,000 Estimated Completion Cost: $2,800,000 Potential Tax Credits: $1,000,000+. There is potential for more than 20% equity upon completion. Seller financing is available for well-qualified buyers.
Key Features
- Built in 1925
Property Details
Monthly Cost Estimate
$5,878/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
5315 Cabanne Avenue
St Louis, MO 63112
Visitation Park-49
Property Details
Construction
Parking
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 5315 Cabanne Avenue is listed at $1,099,000 ($34/sqft). The estimated monthly payment is $4,762 based on 20% down at 6.5% interest.
Key features include: Built in 1925.
This property is listed by Jordan Schoen and can be reached at 3143256201 or jordan@investstl.com.