3530 Utah St, Saint Louis, MO, 63118
3530 Utah St, Saint Louis, MO, 63118 - Image 23530 Utah St, Saint Louis, MO, 63118 - Image 33530 Utah St, Saint Louis, MO, 63118 - Image 43530 Utah St, Saint Louis, MO, 63118 - Image 5

3530 Utah St, Saint Louis, MO, 63118

3 bedrooms · 3 baths · 17,131 sq.ft.

The La Maison apartments, located at 3530 Utah Street, the property presents a unique investment in a meticulously restored historic schoolhouse in Tower Grove East. This boutique-style building features a variety of floor plans, including studio, one-bedroom, and two-bedroom units, many of which offer high-demand loft-style layouts. Each apartment is finished with premium finishes, including quartz countertops, custom cabinetry, stainless steel appliances, and original hardwood flooring. The architectural integrity of the building is preserved through soaring ceilings and oversized windows that provide significant natural light. Historic details, such as original built-in bookshelves and vintage chalkboards in select units, offer a distinct character that differentiates this property from standard modern developments. La Maison presents immediate upside through rent growth and operational efficiencies. The current in-place average rents trail market by ~$275/unit/month, allowing a clear path to increasing cash flow through unit turnover and improved management. Comparable renovated units in the area support the proforma rent assumptions. Situated near Tower Grove Park, South Grand Retail, SLU Medical and close to Downtown St. Louis, La Maison has significant upside with strong rental demand. La Maison provides an opportunity to acquire a well located asset with income, growth and long term appreciation potential.

Information

Property typeMulti Family
Size17,131 sq.ft.
Plot size20,038 sqft
Year built1905
Stories3
Price per sq.ft.USD 210
CountySaint Louis City
ZIP code63118
LocationSaint Louis, United States

USD 3,595,000

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Where it's located

Saint Louis, United States

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