Multi-Family for Sale: 1300 Convention Plaza, St Louis, MO 63103

1300 Convention Plaza, St Louis, MO 63103
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Type: Multi-Family
Lot Size: 0.57 acres
Year Built: 1927

City: St Louis
County: St Louis City
School District: St. Louis City
Subdivision: Downtown West

MLS: 23018009
Status: Active
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

Construction: Brick
Cooling: Electric
Heat Source: Electric
Heating: Forced Air
Parking Description: Parking Garage, Security Parking, Parking Lot
Sewer: Public Sewer
Tax Year: 2022
Taxes Paid: $37,411
Water: Public
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

Date Name Price Difference
04/04/2023 Listing Price $5,000,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 1300 Convention Plaza, St Louis, MO

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Photo of Loren Jenks
Direct: 314-308-3069
2242 Thurman Ave
Saint Louis, MO 63110
Listed by Salient Realty Group, LLC, Timothy McCarthy & Garen Lafser
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Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Salient Realty Group, LLC

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