5386 Pershing AVE new Save Request In-Person Tour Request Virtual Tour
St Louis,MO 63112
Key Details
Property Type Multi-Family
Sub Type 5 Family or More
Listing Status Active
Purchase Type For Sale
Square Footage 34,832 sqft
Price per Sqft $169
Subdivision Berlin Place Add
MLS Listing ID MIS25028488
Year Built 1917
Lot Size 0.530 Acres
Property Sub-Type 5 Family or More
Property Description
5386 Pershing ave, "Central Park" is a fully-renovated 40 UNIT property in Debalivere. Located right between Washington University main campus/ WASH U medical campus, down the street from Barnes Jewish Hospital and just a 6 minute walk to Forest Park. Every unit in the building has been upgraded with IN-UNIT WASHER DRYER, vinyl flooring, granite counters and central air (no central boiler or window unit AC). This property is 100% occupied and brings in $51,227/m. 32 of the units are 2bed/1baths that currently rent for $1296/month and 8 of the units are 1bed/1bath (w an office) that currently rent for $1221/month. Market rent for 2beds according to RentOMeter in this area is $1452/month (ask agent for his 23 rental comps) so there is plenty of room to raise rents (seller self-manages himself). In 2024 the Total Operating Income was $591,779 and the Total Operating Expenses were $182,626/month = which make the NOI for 2024 $409,152. Showings start May 14th, 2025- call to schedule a tour.
Location
State MO
County St Louis City-mo
Area 4 - Central West
Interior
Heating Forced Air,Natural Gas
Cooling Central Air,Electric
Exterior
Parking Features false
Building
Sewer Public Sewer
Water Public
Schools
Elementary Schools Ford-Ford Br. Elem. Comm. Ed.
Middle Schools Langston Middle
High Schools Sumner High
School District St. Louis City
Others
Special Listing Condition Standard