5931 Maple AVE St Louis, MO 63112

Back on market, no fault of seller. Opportunity to rehab "The Martanna" an architecturally unique 6 family in the rapidly developing West End neighborhood. Located a few blocks from the Washington University North Campus, U City Loop, new Loop Trolley. Built in 1917 building is six 1,100 sq ft units, it is possible to add two additional units in the lower level as the 1st floor apartments are raised above ground and there are windows in the lower level. Plenty of space in the backyard to add off street parking. Building is vacant. Potential for 10 year tax abatement through the city after rehab. A similar sized 6 family in the neighborhood recently appraised for $500,000 after full renovation. Rent Comps after rehab- 5572 Clemens 63112- 3 bed updated units rent for $895, 5858 Cates 63112- 3 bed updated units rented for $1,150, 1019 Skinker rents from $950-$1,400. The building is in need of a full and complete gut renovation, water has gotten into the building. Property sold as is.