LARGE MULTIFAMILY INVESTMENT OPPORTUNITY NEAR THE NEW NGA! Situated in a historic St. Louis neighborhood directly across the street from a park and with the NGA campus in the back yard, this approximately 7,000 SF, three-story building offers an exciting value-add opportunity.
Originally configured as a 4-family, the property has already had some work completed but remains largely a full renovation project, giving an investor the opportunity to bring their own vision to the property. The building's substantial size and layout provide flexibility for a variety of redevelopment strategies. The walkout basements have direct access to the front sidewalk and were previously finished and utilized as living space, offering additional area for a buyer to evaluate and incorporate into the renovation plan.
One potential strategy is to restore the existing 4-family configuration, while the property's size and layout may also provide an opportunity to create 6 or more units. An increased unit count could significantly enhance the property's future income-producing potential. Buyer to independently verify zoning, permitted use, allowable unit count, building code requirements, basement usage, and the feasibility of any proposed conversion.
The location is a standout feature, with the property positioned near the rapidly developing NGA campus and a neighborhood park. Combined with the building's size, historic setting, multifamily configuration, and substantial renovation upside, this property offers investors the opportunity to reposition a large urban asset and create significant value through renovation and redevelopment.
Bring your vision! Property being sold "as-is".
