MO > St Louis > Berlin Place Add
St Louis, MO 63112,5386 Pershing AVE
St Louis, MO 63112,5386 Pershing AVE
St Louis, MO 63112,5386 Pershing AVE
Additional details
Joe LoPiccolo

Joe LoPiccolo

American Realty Group

+1(314) 422-0125
$5,900,000
Est. payment /mo
34,832 SqFt
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UPDATED:

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

Acres 0.53

Lot Dimensions 121x201

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

Fireplace N

Appliance Gas Water Heater

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

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agent

Joe LoPiccolo

+1(314) 422-0125

Broker Associate | License ID: 2005026477

Broker Associate License ID: 2005026477

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