Address Restricted By MlsSt. Louis, Missouri63108United States
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Listing Courtesy of RE/MAX Results Attention value-add buyers! - rare opportunity to own one of the last remaining value-add high-rise buildings in the Central West End, situated on prestigious Lindell Boulevard. The Leonardo underwent a...
Attention value-add buyers! - rare opportunity to own one of the last remaining value-add high-rise buildings in the Central West End, situated on prestigious Lindell Boulevard. The Leonardo underwent a gut-rehab in the 1980's so all the building systems are modern - plumbing, electric, elevator, windows, drywall finishes. The value-add is an easy kitchen/bath/flooring/lighting/ laundry remodel. Occupancy hovers near 100% so you'll have stable rental income while unit upgrades are completed. Plus, a new elevator and new roof eliminate 2 of the largest rehab costs from your budget. The Leonardo has 2 ground floor office spaces (leased), 34 apartments (17 one bed and 17 two bed), plus a rooftop cell tower earning $1,342/mo. All-electric building with separate furnaces and water heaters keep the owner costs down. Midway between Forest Park & Barnes/Jewish/Childrens hospitals 6 blocks west and St. Louis University to the east. Upper floors have unobstructed, breathtaking views.
Electric, Propane Heating
Forced Air, Individual Furnaces
Other, Parking Lot, Security Parking
This St. Louis Commercial is for Sale at $5,700,000 and was built in 1922. Has 31,239 Sq.Ft. on a lot of .2789 Acres.
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