3717 Westminster Pl, Saint Louis, MO, 63108
3717 Westminster Pl, Saint Louis, MO, 63108 - Image 23717 Westminster Pl, Saint Louis, MO, 63108 - Image 33717 Westminster Pl, Saint Louis, MO, 63108 - Image 43717 Westminster Pl, Saint Louis, MO, 63108 - Image 5

3717 Westminster Pl, Saint Louis, MO, 63108

4 bedrooms · 5 baths · 10,870 sq.ft.

3717 Westminster Place presents an opportunity to acquire a 17unit multifamily property offering strong in-place cash flow with additional upside in one of St. Louis' most active urban corridors. The property is being offered at a 7.16% in-place cap rate with an 8.36% proforma cap rate, providing investors attractive current returns with the opportunity to further grow NOI. The property was fully redeveloped in 2008 and then underwent further updates in 2022/2023. Ideally positioned just minutes from Saint Louis University and City Foundry STL, the property benefits from proximity to some of the city's largest education, employment, medical, dining, and entertainment destinations. Nearby anchors include Cortex Innovation Community, Washington University Medical Campus, Barnes-Jewish Hospital, and the Armory. With 17 units, strong in-place returns, additional rental upside, and a location near SLU and City Foundry, 3717 Westminster Place offers investors an opportunity to acquire meaningful scale in a well-established St. Louis rental corridor.

Information

Property typeMulti Family
Size10,870 sq.ft.
Plot size15,002 sqft
Year built1896
Price per sq.ft.USD 174
Last sold2007-02-22
CountySaint Louis City
ZIP code63108
LocationSaint Louis, United States

USD 1,895,000

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Where it's located

Saint Louis, United States

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