Multi-Family for Sale: 1300 Convention Plaza, St Louis, MO 63103
1300 Convention Plaza, St Louis, MO 63103
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Est. payment: Skip to Mortgage Calculator
Lot Size: 0.57 acres
Year Built: 1927
City: St Louis
County: St Louis City
School District: St. Louis City
Subdivision: Downtown West
DOM: 57 days
UnCola Lofts consists of 48 units total-23, 1 beds, 9, 2 beds, 16, studios. The property is in the heart of Downtown St. Louis and is steps away from the new HQ for Square/Block, the credit card payment processor (SQ on NYSE). It is also very walkable to all that Downtown STL has to offer. The building underwent a complete renovation in 2006-2007. All building systems were modernized at that time. The units are very attractive with large windows, exposed brick and timbers, and units that face the pool have private balconies. The property has extremely low rents compared to competing properties in the immediate area. CoStar has the average area rent for studios at $1,067, 1/1’s unit at $1,274, & 2/1’s at $1,897. We have used more conservative numbers in our proforma - studios at $1,000, 1/1’s at $1,200, & 2/1’s at $1,400. Once rents are raised to these market rent levels, the pro forma cap rate is 9.57%. On average there is $281 upside on rent per unit.
Lot & Building Features
Heat Source: Electric
Heating: Forced Air
Parking Description: Parking Garage, Security Parking, Parking Lot
Sewer: Public Sewer
Tax Year: 2022
Taxes Paid: $37,411
Lot Dimensions: 224 ft x 134 ft / 139 ft ft
Community and Schools
Elementary School: Peabody Elem.
Junior High School: Fanning Middle Community Ed.
Senior High School: Vashon High
Price History of 1300 Convention Plaza, St Louis, MO
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
1300 Convention Plaza, St Louis, MO
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Listed by Salient Realty Group, LLC, Timothy McCarthy & Garen Lafser
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Listing information courtesy of: Salient Realty Group, LLC
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