5386 Pershing, St Louis, Missouri

$5,900,000
Active
5386 Pershing, St Louis, Missouri
5386 Pershing, St Louis, Missouri
5386 Pershing, St Louis, Missouri
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Property Details

MLS ID: 25028488
Status: Active
Price: $5,900,000
Acres: 0.53±
Type: Multi-Family, Commercial
Address: 5386 Pershing
City, State: St Louis, MO
County: St Louis City County
ZIP Code: 63112
Parcel Number: 3873-00-0154-0
Year Built: 1917

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.

Amber Cole

Amber Cole

Sports Afield Real Estate

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Listed By: Anthony Klier of The Agency

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