7135 Canterbury Street
About the Building
This is a prime opportunity to enter the St. Louis market or expand your existing portfolio with this modern (2021) apartment conversion in a chic growing sub market. 6 two bedroom units, 28 one bedroom, and two studios make up the 36 units inside this controlled access building with plenty of parking and ~5200sf available outparcel for additional reinvestment. Pride of ownership shines throughout this quality built redevelopment. All units feature in-unit laundry, quartz counters, under-mount sinks, modern faucets, stainless steel appliances and custom cabinetry. Community amenities include a work out room, bike storage, dog walk, and patio with grilling stations. In addition to the roughly 5200sf outparcel there are underutilized areas inside that can be converted into rentable square feet. Centrally located near the St Louis City/ County line the building is a short walk to downtown Maplewood and within a 10 minute drive to Forest Park, Clayton, Brentwood, The Grove, SLU, WashU, and Webster Universities. This property is not only a leader in rental rates for the area but is often on a waitlist to enter. If you're seeking light value add with continuous cash flow, this is an exceptional opportunity to invest into this high end community with great long term benefits.
- Historic City Architecture
- 10'-12' Ceilings
- Floor to Ceiling Windows
- 51 Parking spaces
- ~5200sf of outparcel development opportunity
- 80% tax abated until 2032
- Quartz Countertops
- Stainless Steel Appliances
- Under-mount sinks
- In-unit Laundry
- High Speed Internet
- Work out facility
- Indoor Bike Storage
- Central location Near High Traffic Corridor