5320 Brannon Ave
Total Area: 17,750 Sq. Ft
About the Building
THE MACK LOFTS
St. Louis Multifamily Investment Opportunity
The Mack Lofts sits in the Southampton Neighborhood in St. Louis, Missouri. Its desirable location offers easy access to major interstates, public transit, Downtown St. Louis and Busch Stadium. The Macklind Business District is one block away with some of St. Louis’ best restaurants just minutes from these modern-yet-charming lofts.
Property Features
- 22-unit 3-story building with loft-style apartments on 0.627 acres
- (18) 1 bed/1 bath; (4) 2 bed/1 bath units
- Unit sizes range from 451 SF to 1,107 SF with a total of 15,409 RSF
- Stainless steel appliances, first floor community laundry, off street parking available for $25/month, BBQ/picnic area
- Assumable Freddie Mac loan, 4.43% fixed rate, 5 years remaining OR Buyer may secure new financing
- Secured access with fob and mobile app
- Fully renovated in 2015
- Tax abated through 01/01/2026
- $225,075 NOI from 2022 Actuals
- 6.63% Cap Rate
MORE TO LOVE
- Located in the HOT Macklind/Southampton/St. Louis Hills submarket
- Submarket has shortage of institutional-quality apartments, giving Mack Lofts a leasing advantage
- Consistently operates near 100% occupancy - opportunity to push rents and improve returns
- Extremely supply-constrained submarket with no known new construction being built
- Low-density neighborhood gives tenants a sense of "being part of the neighborhood"
- Ample walkable retail, local restaurants and shopping just blocks away on Macklind, Hampton and Kingshighway
Price: $3,395,000
Address: 5320 Brannon Ave
City: St. Louis
State: MO
ZIP: 63109
Square Feet: 17,750