3935 S Grand St Louis, MO 63118

Opportunity to purchase a value add property located just a short walk to all of the shops and restaurants on S. Grand. There are a number of renovation projects happening in the area and rents have steadily raised over time. Built in 1926 with seven 2-bed apartments, seven 1-bed apartments, 3 studios, and two commercial spaces. The commercial spaces are approximately 1,920 sq ft and 1,480 sq ft and would generate approximately $12 per sq ft gross. The Building has been gutted and is ready for rehab and permits have previously been approved for construction. Projected market rents after renovation are $1,200 for the 2 beds,
$900 for the 1 beds, $695 for the studios, and the commercial spaces have rent projections of $1,920 and $1,480, respectively. Priced at $16ft. The building has a garage on the first floor for the tenants. There are building plans available to review at https://adobe.ly/3G3jbUH. Property needs a full renovation and is being sold as-is.