Linden Apartments — Sale in St. Louis, MO
- Price: Contact for price
- Listing type: For sale
- Asset type: Multifamily Property
- Location: St. Louis, MO 63143
Photos
Investment Figures
- Cap rate
- 7.00%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Marcus & Millichap is pleased to present the Linden Apartments located at 2350-2358 McCausland Avenue, St. Louis, Missouri. This fully renovated 30-unit apartment complex has a gross building area of 17,250 square feet and is situated on a 0.75-acre lot. Positioned in the heart of the Southwest City/MidCounty Border. Locals view this pocket as a seamless transition zone where the urban grid of southwest St. Louis City meets the dense, walkable inner ring suburbs of St. Louis County. This area in St. Louis offers a highly accessible and affordable alternative to neighboring premium hubs like Clayton. Southwest City/Mid-County Border has experienced a moderate year-over-year upward climb of roughly 1.6 percent to 6.8 percent. This reflects sustained demand for the walkable Manchester Avenue Corridor. This area’s average one-bedroom cost (approximately $983) is vastly more economical than in nearby Clayton (approximately $1,959), while keeping immediate access to MetroLink rail stations. Investment Highlights: • The 30-Unit Multifamily Asset Offers an 8.26% Total Return with 30% down and 30-Years Amortization. 2-Years Interest Only Possible as well • The Property is Centrally Located at the Southwest City/Mid-County Border, One of the Most Desirable Parts of the City of St. Louis, Missouri • Recent Capital Improvements Including New Unit Interiors, New Roofs and mechanical Enhance Long-Term Investment Stability
Market Context
This multifamily in St. Louis, MO is listed for sale. It is offered at an approximate 7.0% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in St. Louis, MO — view the full market.
Contact
- Mike Cusick · (314) 889-2569 · mike.cusick@marcusmillichap.com
- Frank Montalto · (312) 327-5421 · fmontalto@ipausa.com
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