5437 Page Blvd

For Sale

5437 Page Blvd, Saint Louis, MO 63112

This Saint Louis property for sale is located at 5437 Page Blvd. The general use of 5437 Page Blvd is multi-family and it incorporates 15,444 square feet of class B multi-family space. The current listed sale price for 5437 Page Blvd is $1,400,000. 5437 Page Blvd is situated on a lot that is 0.47 acre in size.

Contacts

broker

Hal Hanstein

Cardinal Realty Group

CCIM

Property Details

  • Property Type Multi-Family
  • Property Size 15,444 SF
  • Units 12
  • Lot Size 0.47 Acre
  • Cap Rate % 8.32
  • Rental Income / YR 153600
  • NOI / YR 116520
  • Taxes / YR 3325
  • Zoning B-Two Family Residential
  • Additional Rent Contact for pricing
  • # of Floors 3
  • Average Floor Size 1,287 SF
  • Parking Spaces Avail. 20
  • Parking Ratio 1.30 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1908
  • Year Renovated 2020
  • Date Updated Sep 13, 2024

Property Description:

5437-5445 Page Blvd Apartments are four 3-story Brick Apartment Buildings. Each building boasts a 1,000 SF 3-bedroom Apartment on every floor.  The property has undergone a recent 100% renovation, elevating it to a modern standard.  These contemporary apartments feature spacious bedrooms with high ceilings (8 Ft +), ceiling lights, 6-panel doors, laminate flooring drywall, insulated windows with mini blinds, and sleek kitchens adorned with subway tile, electric range, hood, and refrigerator.  The apartments are all electric and have a 200-amp service with a Homeline load center for all outlets, lights, and kitchen appliances inside each apartment.  All HVACs and plumbing are also newer.   Steel Stairs lead from the kitchens to the rear parking lot.  Tenants pay Electric.

Financials:

Monthly rents range from $850 to $1200, providing a solid foundation for a promising Proforma Net Operating Income of $116,520 with all units occupied.  The break-even occupancy is a manageable 24.1%.  However, the true potential of this property lies in its ability to generate more revenue. According to “RentoMeter.com,” the average rent for a similar-sized apartment in this neighborhood is $1,959 monthly, presenting a significant opportunity for increased revenue. 

Priced to sell at $116,667 /Key-$1,400,000.00, this property is a worthwhile investment.

 

Portfolio Purchase Opportunity: This property and 4981 Rosalie Street can both be purchased for $2,250,000.

Location:

Experience the family-friendly environment of the Hamilton Heights Neighborhood.  These apartments are nestled between Better Family Life and Bayer YMCA on Page Blvd, with Annie Malone Children & Family Service and Peace Villa Senior Living just a block away.  These non-profit organizations, dedicated to community support and services, create an ideal neighborhood for families.   The apartments are situated at the intersection of Semple Ave and Page Blvd, just two blocks west of Union Blvd, where you'll find the 'Save A Lot' store.   Plus, the Metro Transit Bus Rt #94 Page runs past the property, offering public transportation to all parts of the City right at your doorstep. 

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • Great Community Location between Bayer YMCA and Better Family Life
  • Large Parking Lot in Rear of Building
  • Central Air/Heat
  • Electric Sub-Panels inside Apartments

Attachments

Getting around

  • 63/100

    Walk Score ®

  • 39/100

    Transit Score ®

  • 56/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Saint Louis, MO
  • Neighborhood Hamilton Heights
  • Zip Code 63112
  • Market St Louis

Points of Interest

  • Forest Park - DeBaliviere Metrolink

    1.14 miles

  • Delmar Loop

    1.15 miles

  • Delmar Loop Metrolink

    1.17 miles

  • Missouri History Museum/Forest Park

    1.39 miles

  • Skinker

    1.65 miles

  • Leland Avenue

    1.73 miles

  • University City Library

    1.89 miles

  • The Wild Station

    1.97 miles

  • Discovery Corner Station

    2.05 miles

  • Clayton

    3.69 miles

  • BP

    0.84 miles

  • Mobil

    1.00 miles

  • Shell

    2.39 miles

  • Crown

    2.49 miles

  • Tesla Supercharger

    3.08 miles

  • ChargePoint

    3.49 miles

  • Electric Car Charging Station

    4.18 miles

  • EVgo Charging Station

    4.64 miles

  • EV Connect

    4.97 miles

  • The Racquet Club parking lot

    1.20 miles

  • Chase Park Plaza Parking Garage

    1.43 miles

  • Twin Lots

    1.45 miles

  • Muny Lower Parking Lot

    1.54 miles

  • Municipal Lot #1

    1.58 miles

  • Municipal Lot #3

    1.69 miles

  • Festival & Parking Plaza

    1.70 miles

  • Laclede Garage

    1.73 miles

  • Municipal Lot #4

    1.76 miles

  • Central Fields East Lot

    1.76 miles

  • Moonrise Hotel

    1.35 miles

  • The Royal Sonesta Chase Park Plaza St. Louis

    1.44 miles

  • AC Hotel St. Louis Central/West End

    1.47 miles

  • Budget Inn

    1.61 miles

  • Holiday Inn Express

    1.61 miles

  • Carousel Motel

    1.71 miles

  • DoubleTree by Hilton

    1.85 miles

  • Aloft by Mariott

    2.28 miles

  • Hampton Inn & Suites St. Louis at Forest Park

    2.32 miles

  • Hampton

    2.32 miles

  • Save-A-Lot

    0.20 miles

  • Niko's Grocery Grill

    0.78 miles

  • Soll's Gateway Market

    0.80 miles

  • ALDI

    1.05 miles

  • Salama Supermarket

    1.34 miles

  • Straub's Market

    1.36 miles

  • Schnucks

    1.37 miles

  • United Provisions

    1.48 miles

  • Whole Foods Market

    1.64 miles

  • Fields Foods

    2.06 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Hal Hanstein

Cardinal Realty Group

CCIM