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Keagan Marten

keagan@cisler.com +1(217) 710-7047

$ 5,900,000

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5386 Pershing AVE St Louis, MO 63112

34,832 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 Family or More

Listing Status Active

Purchase Type For Sale

Square Footage 34,832 sqft

Price per Sqft $169

Subdivision Berlin Place Add

MLS Listing ID 25028488

Year Built 1917

Lot Size 0.530 Acres

Acres 0.53

Lot Dimensions 121x201

Property Sub-Type 5 Family or More

Property Description

5386 Pershing ave, "Central Park" is a fully-renovated 40 UNIT property in Debalivere. Located right between Washington University main campus/ WASH U medical campus, down the street from Barnes Jewish Hospital and just a 6 minute walk to Forest Park. Every unit in the building has been upgraded with IN-UNIT WASHER DRYER, vinyl flooring, granite counters and central air (no central boiler or window unit AC). This property is 100% occupied and brings in $51,227/m. 32 of the units are 2bed/1baths that currently rent for $1296/month and 8 of the units are 1bed/1bath (w an office) that currently rent for $1221/month. Market rent for 2beds according to RentOMeter in this area is $1452/month (ask agent for his 23 rental comps) so there is plenty of room to raise rents (seller self-manages himself). In 2024 the Total Operating Income was $591,779 and the Total Operating Expenses were $182,626/month = which make the NOI for 2024 $409,152. Showings start May 14th, 2025- call to schedule a tour.

Location

State MO

County St Louis City

Area 4 - Central West

Interior

Heating Forced Air, Natural Gas

Cooling Central Air, Electric

Fireplace N

Appliance Gas Water Heater

Exterior

Parking Features false

Building

Sewer Public Sewer

Water Public

Schools

Elementary Schools Ford-Ford Br. Elem. Comm. Ed.

Middle Schools Langston Middle

High Schools Sumner High

School District St. Louis City

Others

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

Listed by Anthony M Klier • The Agency

Keagan Marten

Agent | License ID: 475.206207

+1(217) 710-7047

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Keagan Marten

5386 Pershing AVE St Louis, MO 63112

Key Details

Location

Interior

Exterior

Building

Schools

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5386 Pershing AVE